Energy and Uranium Stocks Lift ASX Amid Geopolitical Pressures

June 16, 2025 08:04 PM AEST | By Team Kalkine Media

Energy and Uranium Stocks Lift ASX Amid Geopolitical Pressures — Image source: shutterstock

Crude Oil Price Surge Sparks Energy Segment Gains

Market sentiment within the energy segment strengthened as international events affected the global supply outlook. Concerns over access through the Strait of Hormuz impacted expectations regarding crude oil logistics. The resulting shift in global pricing translated to movement within companies primarily engaged in oil and gas operations.

As oil prices climbed, Woodside Energy and Beach Energy both experienced renewed attention. Santos shares also increased following dual developments involving price movements and corporate interest from offshore parties. Ampol saw positive engagement amid the broader industry upswing.

Uranium Stocks React to Demand and Infrastructure Trends

The uranium segment also registered noticeable growth. Companies like Deep Yellow Ltd (ASX:DYL), Boss Energy Ltd (ASX:BOE), and Paladin Energy Ltd (ASX:PDN) experienced significant upward momentum. A planned fund raise by a uranium trust, paired with projections around data infrastructure development, supported gains within this niche market.

Uranium-linked stocks responded to broader themes, including rising interest in nuclear fuel sources for upcoming infrastructure expansions. This included market sentiment connected to long-term plans for increased data centre construction, reportedly tied to the sector’s future energy needs.

Consumer Staples Fall Amid Cost Pressure Concerns

Contrasting the performance of energy and uranium stocks, the consumer staples segment retreated. Woolworths Group Ltd (ASX:WOW), Coles Group Ltd (ASX:COL), Treasury Wine Estates Ltd (ASX:TWE), and Endeavour Group Ltd (ASX:EDV) all posted declines during the session.

With energy costs trending upward, concerns emerged about the pass-through impact on goods production and transport. This was particularly reflected in movement within consumer-focused stocks. Treasury Wine and A2 Milk Company Ltd (ASX:A2M) also experienced negative performance amid these concerns.

Corporate Developments Boost Select Stocks

Away from sector-driven momentum, company-specific announcements also contributed to share price shifts. Tourism Holdings Ltd (ASX:THL) surged following disclosure of a proposal by BHP Capital. The campervan company’s announcement of the acquisition bid led to sharp market interest in its stock.

Infant nutrition producer Bubs Australia Ltd (ASX:BUB) also posted gains. The rise followed the company's submission of clinical trial data to the US Food and Drug Administration. This communication related to new formulations for the infant nutrition market.

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