ASX 200 Bounces Back on Miners, Ampol Surge

2026-08-24 06:50 By Farida Husna 1 min. read

The ASX 200 rose 44 points, or 0.5%, to end at 9,103 on Monday, rebounding from prior losses as non-energy minerals, manufacturing, consumer services, and logistics led gains.

Traders looked past softer U.S.

stock futures, turning attention to Fed Chair Warsh’s upcoming Jackson Hole remarks for rate signals amid elevated oil prices and multi-decade highs in global bond yields.

Locally, focus shifted to Australia’s July inflation print due Wednesday, after June's readings eased to 3.8% from the prior 4%.

Fuel retailer Ampol surged 4.3% to a two-year high as refining margins linked to Middle East supply disruptions boosted earnings nearly five-fold.

Miners also advanced, with BHP up 3.0% and Rio Tinto 1.2% on strong copper prices.

Higher bullion lifted Northern Star Resources (1.7%) and Evolution Mining (2.5%).

In contrast, energy lagged, with Santos down 1.8% and Woodside off 0.9%.

The big four banks fell between 0.3% and 0.7%, and Endeavour Group tumbled 4.7% after a sharp profit drop.



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ASX 200 Bounces Back on Miners, Ampol Surge
The ASX 200 rose 44 points, or 0.5%, to end at 9,103 on Monday, rebounding from prior losses as non-energy minerals, manufacturing, consumer services, and logistics led gains. Traders looked past softer U.S. stock futures, turning attention to Fed Chair Warsh’s upcoming Jackson Hole remarks for rate signals amid elevated oil prices and multi-decade highs in global bond yields. Locally, focus shifted to Australia’s July inflation print due Wednesday, after June's readings eased to 3.8% from the prior 4%. Fuel retailer Ampol surged 4.3% to a two-year high as refining margins linked to Middle East supply disruptions boosted earnings nearly five-fold. Miners also advanced, with BHP up 3.0% and Rio Tinto 1.2% on strong copper prices. Higher bullion lifted Northern Star Resources (1.7%) and Evolution Mining (2.5%). In contrast, energy lagged, with Santos down 1.8% and Woodside off 0.9%. The big four banks fell between 0.3% and 0.7%, and Endeavour Group tumbled 4.7% after a sharp profit drop.
2026-08-24
Australian Stocks Rose Modestly to Start the Week
Australian shares added 23 points, or 0.3%, to 9,083 in early trading on Monday, reversing losses from the prior session as gains in materials, consumer services and healthcare lifted sentiment. A positive lead from Wall Street Friday also supported risk appetite, with investors looking ahead to Fed Chair Warsh’s remarks at the Jackson Hole symposium later this week amid elevated oil prices and multi-decade highs in global bond yields. However, gains were limited by caution ahead of Australia’s July inflation report, due Wednesday, after headline inflation eased to 3.8% in June from 4.0% but remained above the Reserve Bank of Australia’s 2%–3% target range. Governor Michele Bullock has recently stressed that underlying inflation remains too high and warned that further rate increases cannot be ruled out, amid volatility linked to the Middle East conflict. Among notable gainers were PLS Group (2.2%), Fortescue (2.1%), Aristocrat Leisure (1.7%) and South32 (1.6%).
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ASX 200 Ends Slightly Lower, Tracks 0.6% Weekly Decline
Australia's ASX 200 shed 25 points, or 0.3%, to finish at 9,059 on Friday, unwinding the prior session’s gains as healthcare, tech, logistics, and commercial services dragged. Nerves sharpened ahead of July inflation data due next week, after June’s print eased marginally yet still above the Reserve Bank’s target band. Governor Michele Bullock recently warned that inflation remains elevated, flagging upside risks from commodity volatility tied to Middle East conflict. Still, stronger U.S. stock futures capped the weakness after Wall Street fell sharply Thursday amid higher Treasury yields. Tech names tracked Wall Street’s peers, with Wisetech Global (-2.1%) and Nextdc (-1.3%) lower. Goodman Group (-5.5%), Wesfarmers (-2.8%), and Sonic Healthcare (-2.0%) also lagged, while the big four banks pared losses to end mixed. Bucking the trend, Guzman Y Gomez soared 11.5% after reporting a 29.7% profit jump. For the week, local markets slipped 0.6%, marking their second straight weekly fall.
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