Market Overview
The S&P/ASX 200 closed sharply lower Thursday, dropping 142.80 points or 1.65% to 8,497.80. Over the last five days, the index has lost 1.52% and 2.48% year to date. Bottom performing stocks in the index were ORA BANDA MINING LTD and WESTGOLD RESOURCES LIMITED, down 14.09% and 12.80% respectively.
Index & Breadth
The S&P/ASX 200 closed at 8,497.80, down 142.80 points or 1.65%.
Sectors
- Energy +5.08%, boosted by strong gains in oil and gas producers.
- Consumer Staples +0.91%, supported by defensive buying amid market weakness.
- Utilities +0.36%, holding up better than most sectors.
- Materials -4.83%, dragged by sharp declines in gold miners.
- Information Technology -2.97%, pressured by broader risk-off sentiment.
- A-REIT -2.36%, hit by rising yield concerns.
Stock Highlights
Standout Gainers
- VEA Viva Energy Group Limited +15.165% to 2.430, up 0.320 on positive refining updates.
- YAL Yancoal Australia Limited +8.542% to 8.030, up 0.632 amid coal price strength.
- WDS Woodside Energy Group Ltd +7.188% to 33.700, up 2.260 driven by energy sector rally.
- KAR Karoon Energy Ltd +5.511% to 2.010, up 0.105 on offshore oil progress.
Underperformers
- OBM Ora Banda Mining Ltd -14.094% to 1.280, down 0.210 after disappointing production figures.
- WGX Westgold Resources Limited -12.804% to 5.380, down 0.790 on gold price volatility.
- IPX Iperionx Limited -12.099% to 3.560, down 0.490 amid critical minerals selloff.
- PNR Pantoro Gold Limited -11.312% to 3.450, down 0.440 hit by gold sector weakness.
Commodities & FX
Gold buy price $6,778.38/oz, silver $105.98/oz, platinum $2,903.06/oz, palladium $2,219.00/oz. AUD/USD at 0.7030. Precious metals prices in AUD reflect steady demand despite equity selloff.
Takeaways
- S&P/ASX 200 fell 142.80 points or 1.65% to 8,497.80.
- Energy led sectors higher +5.08%, while Materials dropped -4.83%.
- VEA surged 15.165% to 2.430; OBM plunged -14.094% to 1.280.
- Gold buy price at $6,778.38/oz with AUD/USD at 0.7030.
- Index down 1.52% over five days and 2.48% year to date.
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