AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights:
The benchmark S&P/ASX 200 rose, with energy and technology sectors leading the gains
Paladin Energy surged after reporting record quarterly output
Gold miners saw declines amid a dip in bullion prices
The Australian sharemarket ended higher, supported by broad-based strength, particularly in the energy and technology sectors. The benchmark index recorded a strong upward move as all sectoral indices showed movement during the session.
The energy sector gained ground as global crude benchmarks continued to move higher, contributing to advances in related companies. Technology stocks also posted notable gains, continuing their upward trend and supporting the broader market.
Strong Performance from Energy Companies
Among energy companies, Woodside Energy posted a gain despite a fall in quarterly production and revenue. The company highlighted lower production volumes; however, the global backdrop of rising crude benchmarks supported the sector’s movement during the session.
Paladin Energy recorded the session's largest percentage gain among the benchmark constituents. The company reported its highest-ever quarterly production from its operation in Namibia. Operations at the site were temporarily impacted by a rare weather event, though production figures still reached record levels.
Technology Stocks Continue Upward Movement
Technology names contributed positively to the day’s performance. Gains in this sector came amid broader strength in global tech and growth-oriented equities. The movement reflects ongoing resilience in the domestic technology space.
Other companies in the space continued their momentum from previous sessions, helping lift the sector overall and providing support to the index throughout the trading day.
Volatility in the Gold Mining Sector
In contrast, the gold segment experienced notable declines. Ramelius Resources led the sector lower, posting one of the day’s largest falls among the index constituents. The downward shift coincided with a pullback in bullion prices following recent record highs. Other gold miners also saw declines in line with broader commodity trends.
The shift in precious metals weighed on the materials sector more broadly, although the overall market trend remained positive due to gains elsewhere.
Earnings Updates from Major Companies
Insignia Financial reported a slight decrease in total funds under management and administration for the March quarter. The firm noted net outflows during the period, which contributed to the overall decline. Despite this, its share price rose during the session.
Cettire experienced a drop after announcing a quarterly adjusted earnings loss. The company cited softer demand conditions in overseas markets following recent changes in trade policies. The update impacted the stock, placing it among the session's largest declines.
Atlas Arteria provided a trading update noting increases in average toll revenue and traffic volumes across its network. These trends were attributed to pricing adjustments in most of its operational areas. Shares in the company edged higher following the release.
Market Broadly Higher Despite Mixed Company Results
Despite mixed earnings updates across various sectors, the broader market trend remained upward. Gains in energy and technology offset the weakness in gold miners and select consumer stocks. All sectors recorded trading activity that contributed to the benchmark index finishing firmly in positive territory.
