ASX 200 rises 0.17% to 8,809.9 as miners recover an early fall; Zip gains 11%, Tuas drops 30.5%

ASX 200 close: 8,809.9 (+0.17%) Breadth: 126 advancers / 83 decliners Sentiment: mixed

The S&P/ASX 200 closed at 8,809.9 on 26 October 2026, up 14.7 points or 0.17%, as materials gained 1.71% and the All Ords Gold index 2.93%, recovering an opening fall of 0.8%. TUA.AU fell 30.49% to $1.265 after Singapore's telecoms regulator, IMDA, issued a show cause notice to its Simba Telecom unit. December Brent eased 1.82% to US$114.59 from Friday's highest close since April, and markets priced a 61% chance of an RBA rate rise on 3 November (ABC).

What moved the index

Materials added about 38 bps to the ASX 200 on 26 October 2026, and financials took about 17 bps away.

• Materials: +1.71%, worth about 38 bps. BHP.AU rose 1.04% to $55.62 and FMG.AU 2.17% to $14.58; NST.AU gained 2.77% and EVN.AU 2.30% as spot gold rose 0.5% to US$4,017/oz by 4:13pm and LME copper 1.8% to US$14,098/t (ABC).
• A-REITs: +1.32%, worth about 9 bps. GMG.AU rose 2.57% to $25.92 after property opened lower (ABC).
• Financials: -0.52%, worth about -17 bps. NAB.AU fell 0.75%, WBC.AU 0.71% and CBA.AU 0.49% to $163.20, a session after the banks added about 81 bps. NAB.AU and WBC.AU recovered from opening losses but closed lower (ABC).
• Retail and staples: consumer staples -1.54% and discretionary -0.96%, together about -13 bps. WOW.AU fell 2.08% to $40.88, WES.AU 1.57% to $79.03 and COL.AU 1.51% to $24.18.

Together, these drivers account for about 17 bps of the 17 bps move; advancers led decliners 126 to 83 across the 227-name sweep, with 18 unchanged.

Session highlights

• 8,725.7 was the session low on hourly Yahoo data, 0.79% below Friday's 8,795.2 close; ABC had the index 0.8% lower at 8,729 at 10:18am.
• 61% was the market-implied chance of a rate rise at the RBA's 3 November meeting at noon (ABC), with Australia's September CPI due on Wednesday and the Australian 10-year yield at 5.17%.
• PLS.AU rose 8.40% to $2.84 after completing a US$700m senior unsecured notes offering; LTR.AU gained 6.25% and MIN.AU 1.58%.
• BOE.AU +5.39%, DYL.AU +4.44%, NXG.AU +2.28% and PDN.AU +2.18% as uranium names rose; LOT.AU, outside the ASX 200, gained 12.12% after it said Kayelekera is set for its first export.
• 2.94% was BSL.AU's gain to $33.31 after it lifted first-half earnings guidance to approaching $1.1bn, from $860m to $960m (ABC).

Sector scorecard

• Best: Materials (+1.71%), with the All Ords Gold index +2.93%
• Worst: Consumer Staples (-1.54%)
• Dispersion (best minus worst): 3.25 pts
• Materials had the widest internal spread, 11.85 pts, from PLS.AU +8.40% to SX2.AU -3.45%.
• A-REITs +1.32%, Information Technology +1.03%, Energy +0.92%, Industrials +0.03%, Financials -0.52%, Health Care -0.52%, Communication Services -0.52%, Utilities -0.63%, Consumer Discretionary -0.96%.

Top movers

Notable announcements

• TUA.AU: IMDA alleges Simba Telecom used spectrum without authorisation and raised compliance concerns; no findings have been made (Stockhead). The stock fell as much as 40% to $1.09, its lowest since June 2022 (ABC).
• CGF.AU: rejected TAL Dai-ichi Life's $11.80 per share takeover proposal, which values Challenger at about $8.4bn (ABC); talks continue, and shares fell 0.59% to $11.85.
• GGP.AU: September quarter gold output of 70,131 oz and 2,927 t of copper; Greatland started Havieron development and held FY27 guidance of 260,000 to 300,000 oz (Motley Fool).
• NXT.AU: NEXTDC said its chair will retire once it finds a successor, withdrew a director bonus resolution and cut director pay by 10% (ABC); shares fell 1.25% to $5.54.

At the AU close (16:15 AEDT)

S&P 500 futures rose 0.19% and Nasdaq futures 0.07% at the AU close.

Next 24h catalysts (AEDT)

• Mon 26 October: China's Communist Party fifth plenum began in Beijing (Investing.com)
• Wed 28 October, 11:30: Australia September CPI
• Thu 29 October, 05:00: FOMC decision
• Tue 3 November: RBA rate decision

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