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Highlights
Aluminium and copper edge higher amid broader commodity strength
Service Stream secures NBN FTTP rollout contract extension
Small caps including Johns Lyng Group and Monash IVF rise early
The ASX 200 today reflected movement across multiple sectors, with notable developments in commodities, infrastructure services, and healthcare. Index activity featured shifts in companies such as JLG, MVF, SSM, and DTR, indicating varying trends across the trading session.
Commodity Prices Firm Midweek
Commodity prices held modest gains during the first half of the day. Aluminium rose to its highest level in weeks, supported by consistent industrial consumption. Copper and gold also showed slight upward movement. Iron ore futures, nickel, platinum, and Brent crude prices reported moderate adjustments, contributing to stable sentiment across resource-focused sectors within the ASX 200.
Service Stream Extends NBN Agreement
Service Stream (ASX:SSM) entered a new agreement with NBN Co to continue its Fibre to the Premises rollout. The arrangement includes design and construction responsibilities across eligible locations and spans multiple years with an option for extension. This development reinforces Service Stream’s ongoing presence in national infrastructure delivery. The company’s stock remained flat during mid-morning trading.
Small Cap Sector Movement
Johns Lyng Group (ASX:JLG), Monash IVF (ASX:MVF), and Winton Land (ASX:WTN) showed early strength in the small cap segment. The Star Entertainment Group (ASX:SGR), PWR (ASX:PWH), Heartland Group Holdings (ASX:HGH), and RPMglobal Holdings (ASX:RUL) also experienced gains. Healius (ASX:HLS), Brazilian Rare Earths (ASX:BRE), and Patriot Battery Metals (ASX:PMT) moved higher in the same category.
On the downside, Dateline Resources (ASX:DTR), Austin Engineering (ASX:ANG), and Silver Mines (ASX:SVL) traded lower. Additional declines were recorded in Electro Optic Systems (ASX:EOS), Bannerman Energy (ASX:BMN), Clarity Pharmaceuticals (ASX:CU6), and Gorilla Gold Mines (ASX:GG8). Lotus Resources (ASX:LOT), Antipa Minerals (ASX:AZY), and Silex Systems (ASX:SLX) followed the downward trend.
Gold Sector Weakens Despite Price Increase
Gold stocks posted losses during morning trade, even with gold prices edging higher. Declines were observed in Perseus Mining (ASX:PRU), Ramelius Resources (ASX:RMS), and Bellevue Gold (ASX:BGL). Other names in the sector such as Spartan Resources (ASX:SPR), Vault Minerals (ASX:VMM), and Regis Resources (ASX:RRL) also saw negative movement, influenced by global developments and trade progress.
Energy and Materials Trade Steady
Nickel and platinum maintained minor strength through the morning session, while iron ore futures and Brent crude reported modest movements. These commodity changes contributed to the stability of the materials and energy sectors, both of which remain significant components of the ASX 200.
Index Reactions and Broader Trends
The ASX 200 demonstrated measured performance with active participation from infrastructure, mining, and healthcare stocks. Movements in companies including HLS, BRE, PMT, and LOT contributed to the session’s pace, reflecting a mix of gains and losses across the broader index.
