Market Overview
The S&P/ASX 200 closed higher on Tuesday, gaining 21.80 points or 0.24% to 8,958.90 as shares rose led by miners. BHP surged to a record on stronger first-half results, boosting the broader market. Over the last five days, the index has gained 1.03% and sits 1.71% off its 52-week high.
Index & Breadth
The S&P/ASX 200 closed at 8,958.90, up 21.80 points or 0.24%.
Sectors
- Materials +1.28%, lifted by BHP’s strong results.
- A-REIT -1.05%, under pressure amid rate hike uncertainty.
- Consumer Discretionary +0.54%, supported by retail strength.
- Energy -0.41%, lagging as oil prices stabilised.
- Information Technology -0.36%, weighed by profit-taking.
- Industrials -0.36%, mixed amid broader caution.
Stock Highlights
Standout Gainers
- JBH JB HI-FI LIMITED +8.13% to 89.100 after strong trading update.
- PME PRO MEDICUS LIMITED +7.69% to 125.960 on healthcare demand.
- A2M THE A2 MILK COMPANY LIMITED +6.26% to 9.670 amid dairy recovery.
- PXA PEXA GROUP LIMITED +4.76% to 14.530 following positive settlement data.
- BHP BHP GROUP LIMITED +4.73% to 52.740 boosted by first-half earnings.
Underperformers
- RWC RELIANCE WORLDWIDE CORPORATION LIMITED -9.09% to 3.500 on weak outlook.
- LYC LYNAS RARE EARTHS LIMITED -5.53% to 15.050 amid sector pressures.
- TWE TREASURY WINE ESTATES LIMITED -4.63% to 4.740 due to China demand concerns.
- REH REECE LIMITED -4.40% to 13.910 after construction slowdown signals.
- SGM SIMS LIMITED -4.04% to 20.420 on metal recycling weakness.
Commodities & FX
Gold buys at 6989.34/oz, silver at 110.05/oz, platinum at 2923.10/oz, and palladium at 2545.84/oz. AUD/USD at 0.7062. Metals held firm supporting Materials sector gains.
Takeaways
- S&P/ASX 200 +0.24% to 8,958.90 led by BHP +4.73%.
- Top performers JBH +8.13%, PME +7.69%, A2M +6.26%.
- Materials +1.28% strongest sector, A-REIT -1.05% weakest.
- Five-day index gain of 1.03%, 1.71% from 52-week high.
- RBA minutes flagged inflation risks post rate hike.
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