Kalkine: ASX200 Climbs to 52-Week High Despite Mining Sector Weakness

June 12, 2025 12:03 PM AEST | By Team Kalkine Media

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Kalkine: ASX200 Climbs to 52-Week High Despite Mining Sector Weakness — Image source: shutterstock

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Highlights

ASX200 reaches fresh 52-week high

Energy sector outpaces materials

Mixed movement among key mining stocks

The Australian share market touched a significant milestone today, with the S&P/ASX200 hitting a fresh 52-week high. As of 10:40am AEST on 12 June, the index rose by 0.12% to 8,602 points, marking a modest but symbolic gain of 9.9 points. This rise comes even as several mining stocks experienced a downturn, underscoring a broader strength in other sectors, particularly energy.

Over the past five days, the ASX200 has advanced 0.74%, with the energy sector emerging as a top performer. It recorded a 2.33% daily increase, contributing to a solid 4.79% gain over the week. In contrast, the materials sector showed signs of strain, dipping 0.33%, reflecting challenges faced by mining and resource-related stocks.

Among the day’s notable gainers, Western African Resources (ASX:WAF) rebounded from recent pressure, climbing 3.81% to trade at $2.32. The stock secured the third position on the ASX leaderboard for the session, indicating renewed investor confidence. Another bright spot was Bellevue Gold (ASX:BGL), which moved up by 2.72%, reaching $0.95 and landing fifth in the rankings.

However, several major mining companies weighed down the broader materials performance. Liontown Resources (ASX:LTR) experienced a sharp fall of 6.99%, settling at $0.67. Similarly, Champion Iron (ASX:CIA) declined 4.79% to $4.28, and Mineral Resources (ASX:MIN) dropped 3.19% to $24.89. These losses highlight the ongoing pressure within the mining sector amid a broader market upswing.

Despite these setbacks, the resilience of the broader ASX200 index is notable. As Australia's premier share market benchmark, the ASX200 captures the performance of the top 200 ASX-listed companies by float-adjusted market capitalisation. It represents roughly 80% of the nation's equity market and remains a central barometer for institutional investors and market watchers alike.

While mining stocks face headwinds, the overall momentum of the ASX200 signals continued confidence in other sectors. As energy and other industries show strength, the index’s rise underscores the diversity of drivers within Australia’s stock market landscape.

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