Market Overview
The S&P/ASX 200 closed up 2.30 points to 9,200.90 on Monday. Energy stocks led gains amid rising oil prices, while the index pulled back slightly from its recent record high. Over the last five days, the index gained 1.94% and sits 0.02% off its 52-week high.
Index & Breadth
The S&P/ASX 200 closed at 9,200.90, up 2.30 points or 0.02%. Over the last five days, the index rose 1.94%.
Sectors
- Energy +5.50%, boosted by strong performances in oil producers like Woodside Energy.
- Consumer Staples +2.35%, supported by defensive buying.
- Materials +1.95%, driven by commodity price strength.
- Information Technology -3.07%, lagging amid broader risk-off sentiment.
- Financial -1.77%, pressured by global banking concerns.
- Consumer Discretionary -0.83%, hit by rotation out of cyclical names.
Stock Highlights
Standout Gainers
- KAR Karoon Energy Ltd +15.21% to 1.780, rallying on higher oil prices.
- RSG Resolute Mining Limited +10.44% to 1.640, lifted by gold strength.
- GMD Genesis Minerals Limited +8.48% to 8.060, benefiting from safe-haven demand.
- WDS Woodside Energy Group Ltd +6.82% to 30.240, advancing with Brent crude at US$72.87 per barrel.
Underperformers
- ZIP Zip Co Limited -8.38% to 1.750, extending recent weakness.
- SDR SiteMinder Limited -7.78% to 3.320, hit by sector rotation.
- MSB Mesoblast Limited -7.59% to 2.070, under pressure in health care.
- LNW Light & Wonder Inc. -6.98% to 124.850, dragged by US tech declines.
Commodities & FX
Gold trades at $7,890.19/oz, silver at 144.64/oz, platinum at $3,450.90/oz, and palladium at $2,731.46/oz. The AUD/USD rate stands at 0.7072. Gold and oil prices rose on Middle East tensions, supporting ASX energy and gold miners.
Takeaways
- S&P/ASX 200 up 2.30 points to 9,200.90, with Energy +5.50% leading sectors.
- KAR +15.21% and RSG +10.44% top ASX 200 gainers on commodity surges.
- Gold at 7890.19/oz and Brent crude at US$72.87/bbl amid geopolitical risks.
- Index 1.94% higher over five days, 0.02% from 52-week high.
- Information Technology -3.07%, worst sector on global tech rotation.
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