Australian Shares Log 3-Session Gains

2025-09-23 00:51 By Czyrill Jean Coloma 1 min. read

The S&P/ASX 200 rose 0.4% to close at 8,846 on Tuesday, marking its third straight session of gains, bolstered by broad-based strength across most sectors.

Banking heavyweights were among the standout performers, with National Australia Bank rising 1%, Commonwealth Bank of Australia and ANZ Group both advancing 0.8%, and Westpac Banking Corporation adding 0.7%.

In addition, gold producers performed particularly well amid a surge in gold prices—Northern Star Resources jumped 3.2%, Evolution Mining rose 1.3%, and Newmont Corporation added 2.5%.

Mining giants also provided support to the index, notably with Rio Tinto gaining 1.2%.

On the economic front, flash estimates showed the composite PMI fell to 52.1 in September, from 55.5 in the prior month.

While this marked the twelfth consecutive month of expansion, it also signaled the slowest pace of growth during that period, with both the manufacturing (51.6 vs 53 in August) and services (52.0 vs 55.8) sectors showing signs of moderation.



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