ASX200 Inches Up as Mining, Tech Stocks Shine While Energy Dips

June 17, 2025 01:47 PM AEST | By Team Kalkine Media

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ASX200 Inches Up as Mining, Tech Stocks Shine While Energy Dips — Image source: shutterstock

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Highlights

ASX200 opens higher, led by miners and tech stocks

Energy sector eases after prior rally

Uranium and lithium stocks extend recent momentum

Australian shares saw modest gains in early trading, with the benchmark S&P/ASX 200 index climbing 10.2 points, or 0.12%, to 8,558.6 at 11am AEST. The broader market strength was largely supported by mining and technology sectors, while energy stocks faced a pullback after a strong start to the week. Seven out of eleven sectoral indices were in positive territory, highlighting a mixed but cautiously optimistic sentiment across the board.

Mining Stocks Extend Rally

Mining stocks, particularly those focused on lithium and gold, were among the standout performers. Shares of Pilbara Minerals (ASX:PLS) rose 5.3%, while Liontown Resources (ASX:LTR) added 4.5% in early trade, driven by renewed interest in battery minerals amid global energy transition trends.

Gold miners also glittered, with Bellevue Gold (ASX:BGL) advancing 4.6% and Newmont Corporation (ASX:NEM) gaining 3.4%. Investors appeared to favour precious metals amid ongoing macroeconomic uncertainties and currency movements.

The uranium segment continued its upward momentum as well. Deep Yellow (ASX:DYL) climbed 4.5%, Boss Energy (ASX:BOE) improved 3.9%, and Paladin Energy (ASX:PDN) moved up 2.9%. The sector’s positive trajectory aligns with global developments surrounding clean energy and nuclear power investment.

Tech Stocks Support Index Gains

Technology stocks joined the miners in lifting the index. While detailed company-level performances in the tech space were not disclosed in early trade reports, the broader sentiment suggested confidence in ASX200 stocks across growth-oriented segments.

Energy Sector Faces Pressure

In contrast to mining and tech, energy companies took a breather following Monday’s 5.2% surge. The sector pulled back by 0.8% as oil prices softened overnight. Notably, Woodside Energy (ASX:WDS) dropped 1.1%, Santos (ASX:STO) edged down 0.4%, Ampol (ASX:ALD) slipped 0.9%, and Karoon Energy (ASX:KAR) fell sharply by 3.2%.

This mild correction in energy comes as global crude benchmarks experienced downward pressure due to inventory builds and cautious outlooks on summer demand.

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