Skip to content

Briefing

Market Wrap

ASX closes higher as Telix Pharmaceuticals, gold miners rally

Make us a preferred source
Link copied

The news: The Australian sharemarket finished higher for the third consecutive session with gold miners rallying alongside the spot price of the commodity and as Australia’s four biggest lenders all posted gains.

The benchmark ASX 200 rose 0.4% to end at 8,845.9 with eight out of the 11 sectors finishing in green.

The materials sector (+0.9%) was the biggest gainer as gold miners surged, following the spot price of gold which hit a new peak earlier in the day before easing. Emerald Resources (+5.4%), Greatland Resources (+4.4%) and Westgold Resources (+3.8%) were among the biggest gainers.

Lynas Rare Earths (+8%) and Iluka Resources (+3.4%) also gained, as did large diversified miners BHP (+0.5%) and Rio Tinto (+1.2%). Fortescue (-1.1%) posted losses following the release of its 2025 Climate Transition Plan.

The finance sector (+0.6%) also posted gains as Commonwealth Bank (+1.3%), NAB (+1.3%), Westpac (+1.1%) and ANZ (+1%) finished higher.

Biggest movers:

  • Cettire (+18.8%) – Chief executive Dean Mintz bought just under $5.5 million worth of stock.
  • Telix Pharmaceuticals (+9.2%) – The US Centers for Medicare & Medicaid Services (CMS) granted Transitional Pass-Through payment status for the biotech's prostate cancer imaging agent Gozellix.
  • Droneshield (+7%) – Announced it is "significantly expanding" its research and development operations in the United States, including adding a second location to its US headquarters in Virginia.
  • Superloop (+3.8%) and Aussie Broadband (+3.1%) – Citi analysts flagged that “app downloads continued their upward trajectory for [Aussie Broadband] and [Superloop] in August, illustrating growing market share”.
  • Myer (-25%) – Net profit after tax before significant items fell 30% for the year to 26 July 2025, while the company faced a statutory loss of $211.2 million.
  • Vault Minerals (-4.4%) – UBS analysts downgraded the stock amid softer than expected FY26 guidance.

Other news:

  • Washington H. Soul Pattinson and Company (+2%) – The share scheme with construction materials supplier Brickworks was implemented today as a part of a $14 billion merger. The combined entity will trade on a normal settlement basis from Wednesday.
  • Mineral Resources (-0.6%) – Executed a binding asset and share sale agreement with the administrators of collapsed garnet miner Resource Development Group.
  • Lendlease (-0.6%) – Priced a S400 million ($473 million) issue of perpetual subordinated hybrid securities to wholesale investors in the Singapore dollar fixed income market.
  • Nickel Industries (-1.4%) – Acquisition payments owed to Shanghai Decent, collectively worth USD253 million ($384.2 million), for an Indonesian nickel-cobalt mine had been deferred by six months and the miner intends to issue new debt.

What’s ahead:

  • S&P Global will release flash manufacturing and services purchasing managers’ index data for September for France, Germany, the UK and the US throughout the evening.
  • US Federal Reserve chair Jerome Powell will speak at the Greater Providence Chamber of Commerce Economic Outlook Luncheon at 2:35am AEST.
  • The Australian Bureau of Statistics will release monthly consumer price index data for August tomorrow at 11:30am AEST.

By Brandon How