ASX 200 Divergence: Banks Rise as Miners Lose Ground

June 20, 2025 04:08 PM AEST | By Team Kalkine Media

ASX 200 Divergence: Banks Rise as Miners Lose Ground — Image source: shutterstock

BHP, Rio Tinto, and Fortescue Display Continued Weakness

BHP Group Ltd (ASX:BHP) remains in the downtrend list, with chart activity pushing lower in recent sessions. As a major resource stock listed in the ASX 50, its technical setup signals extended weakness. Rio Tinto Ltd (ASX:RIO) shows similar movement, reinforcing the pattern across the mining sector.

Fortescue Metals Group Ltd (ASX:FMG), part of the All Ordinaries and ASX 200, also exhibits continued downward activity in chart scans. These three miners collectively show consistent bearish formations, placing them among the most tracked stocks in technical downtrend lists.

Commonwealth Bank and Westpac Strengthen on Chart Momentum

Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking Corporation (ASX:WBC) are showing strong breakouts. Both are members of the ASX 50 and ASX 100, and their appearance in the uptrend scans signals continued strength within the banking sector. These companies have reached new highs, reinforcing the broader movement seen across financials.

Brambles Ltd (ASX:BXB), another constituent of the ASX 100, also aligns with the upward trend. The pattern marks a significant divide within the broader index, where strength in financials offsets the lag seen in mining names.

Dividend Focus Enhances Banking Sector Presence

CBA and WBC are also noted for regular dividend distributions, featuring among the top asx dividend stocks. Their presence in dividend yield scans adds another layer to their chart appeal, as consistent yield-paying companies often attract technical interest during stable upward trends.

While the ASX 200 remains near long-term highs, the internal dynamics show that upward momentum in banks contrasts sharply with ongoing pressure in mining. These sectoral differences currently define the broader behaviour of the market, with technical patterns offering a clear segmentation between gainers and laggards.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.