ASX 200 Slips as Materials Drag, Gold and Mining Stocks Lead Declines

June 19, 2025 03:08 PM AEST | By Team Kalkine Media

ASX 200 Slips as Materials Drag, Gold and Mining Stocks Lead Declines — Image source: Shutterstock

Resource Majors Slide as Sentiment Softens Across Mining Sector

Prominent names in the mining sector, including Fortescue Metals Group Ltd (ASX:FMG) and Mineral Resources Ltd (ASX:MIN), posted marked declines. These movements echoed a broader retreat in materials, reflecting subdued sentiment around resource-linked equities.

Declines in gold and lithium shares were also evident, contributing to the negative tone within the sectoral indices. Omni Bridgeway Ltd (ASX:OBL) further extended losses, rounding out the list of most affected companies on the day.

Energy and Education Stocks Deliver Gains Amid Broader Weakness

While declines dominated the broader landscape, select names bucked the trend. Viva Energy Group Ltd (ASX:VEA) emerged as one of the session’s best performers, joined by IDP Education Ltd (ASX:IEL) and Ampol Ltd (ASX:ALD), each closing in positive territory.

These gains helped offset some of the downward momentum seen in commodities and mining, highlighting mixed sentiment across sectors despite broad macroeconomic pressures.

Currency and Commodity Movements Add to Volatility

Commodities were largely softer, with gold futures trending lower and crude oil contracts showing modest weakness during trading. These movements coincided with continued fluctuations in foreign exchange markets, particularly between the Australian dollar and key counterparts like the US dollar and Japanese yen.

The ASX 100 and ASX 50 saw limited relief from broader global sentiment, with international economic developments also playing into the cautious stance reflected by domestic investors.

Market Breadth Narrows as Decliners Outpace Advancers

Market breadth showed more companies declining than advancing across the All Ordinaries, as the number of stocks closing lower surpassed gainers. The volatility index, measuring sentiment based on option activity across the ASX 200, edged higher during the session.

Investors and market participants monitored sectoral developments closely, particularly the divergence between resource-linked underperformance and resilience in consumer and industrial names. The divergence reflected shifting sentiment across global and domestic markets.

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