The ASX 200 traded higher today, up about 0.9% to 8,245 points as Australian shares put last week’s downswing behind them… for the time being.
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There are still some doubts looming, with Trump’s upcoming U.S. tariffs sure to send everything into a tizzy again – but for the time being, investors seem happy to buy in before the expected volatility strikes.
All of the bourse’s 11 sectors were green today, with Energy the leader with a 2.2% gain. IT followed, up 1.85%, while Materials, up 1.6% today, and Real Estate, 1.5% higher, rounded out the winners through Monday.
By the time close came around, Financials had gained the least; a modest +0.2% up.
Looking at the ASX companies leading the way, Boss Energy (ASX:BOE) was one of the strongest performers with a 7.26% spike. The South Australian company reported nothing new but was carried higher by the sector’s strength.
Boss shares sold at $2.65 just before the ring bell rang in Sydney.
Rio Tinto (ASX:RIO) added 2.2% while Newmont (ASX:NEM) jumped 3.1% as the standout Materials winners; their move defied the soon-to-be-live China tariffs.
Rio ended at $116.53; Newmont shares were $68.49 through Monday trade.
Also up, Pro Medicus (ASX:PME) closed 3% higher at $261 a share after inking a $40 million contract with U.S. radiology service provider LucidHealth to roll out its flagship cloud imaging platform Visage 7.
Meanwhile, Malcolm Mines (ASX:M2M) ended in the red, down 4.17%, despite landing another gold hit at its Golden Crown bulk recoveries this week.
M2M sold at 2.3cps by the close of business.
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Financials – which had barely stayed in the green – was dragged down by insurers like Suncorp Group (ASX:SUN), which lost 2.8%, and Insurance Australia Group (ASX:IAG), which lost 1.39%, as Queensland preps for a category-2 cyclone.
In the same sector, index frontrunner the Commonwealth Bank (ASX:CBA) recovered somewhat to trade flat at close at $156.98 a share.
That’s Market Close, I’m Isaac McIntyre, see you tomorrow morning for Market Open.
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