ASX 200 ends week +1.28% at 8,908.1 as miners gain 4.06% and staples fall 5.13%
ASX 200 week close: 8,908.1 (+1.28%) S&P 500 Friday close: 7,580.07 (-1.82%) Sentiment: mixed
The week on the ASX
The S&P/ASX 200 closed at 8,908.1 on 30 October 2026, up 112.9 points or 1.28% from 8,795.2 on 23 October, as materials rose 4.06% and A-REITs 3.77% while consumer staples fell 5.13%. Materials added about 90 bps to the index and financials about 35 bps; staples and consumer discretionary took about 40 bps away. The index rose on four of five sessions: +0.17% on Monday to 8,809.9, +0.46% on Tuesday to 8,850.1 as BHP.AU gained 4.26%, -0.03% on Wednesday to 8,847.3, +0.50% on Thursday to 8,891.8 as the ASX 200 Banks index rose 2.10%, and +0.18% on Friday.
The ASX 200 fell from a morning high of 8,933.3 on Wednesday to close down 0.03% after the 11:30am September CPI release, and the ASX Rate Tracker put the chance of a hike to 4.85% on Tuesday at 80% as at Thursday's close (Market Index). COL.AU lost 11.77% for the week after its first-quarter update, while WES.AU fell 4.48% to $76.69 and WOW.AU 3.66% to $40.22 after AGM trading updates. BHP.AU rose 4.56% to $57.56 after last week's 8.30% fall, and the Small Ordinaries gained 2.65% to 3,147.9.
Sector scorecard (5-day)
The S&P/ASX 200 Materials index rose 4.06% in the week to 30 October 2026, the best of the 11 sectors, while Consumer Staples fell 5.13%.
- Best: Materials (+4.06%), with Resources +3.75% and the All Ords Gold index +5.03%.
- Worst: Consumer Staples (-5.13%): COL.AU -11.77% to $21.66 and WOW.AU -3.66%.
- Dispersion (best minus worst): 9.19 pts
- 3.77% was the A-REITs gain, led by GMG.AU +6.85% to $27.00, a week after the sector rose 0.23%.
- 5.03% was the All Ords Gold index gain even as December gold fell 3.12% to US$3,884.9/oz; NST.AU rose 4.59% and EVN.AU 3.98%, recovering part of last week's 10.08% index fall.
- Financials +1.05% (CBA.AU +1.66% to $166.72), Energy +1.39%, Information Technology +1.29%, Health Care +0.66%, Industrials +0.38%, Communication Services -0.68%, Utilities -0.73%, Consumer Discretionary -2.35%.
Top movers, week ending 30 October
| Ticker | Week | Reason |
|---|---|---|
| MSB.AU | +27.32% | Quarterly report showed 44% Ryoncil revenue growth; +23.40% on Thursday |
| SDR.AU | +22.74% | Reaffirmed mid-20s FY27 ARR growth at its AGM on Wednesday |
| ZIP.AU | +22.60% | Unannounced, likely flow-driven. |
| IPX.AU | +21.13% | Titanium powder output rose to 8.7 t in the September quarter from 1.4 t |
| TCG.AU | +20.47% | A$120m placement at $0.60 to buy the remaining 20% of Afema |
| 4DX.AU | -33.51% | AGM pay resolutions defeated; fell 25.61% on Friday with no price-sensitive filing |
| TUA.AU | -29.95% | Singapore IMDA show cause notice to its Simba Telecom unit |
| CYL.AU | -17.47% | FY27 gold guidance cut to 90,000 to 105,000 oz from 130,000 to 150,000 oz |
| CIA.AU | -13.35% | September-quarter net loss of C$48.4m on C$403.9m revenue; no interim dividend |
| COL.AU | -11.77% | Flat first-half Supermarkets earnings of about $1.23bn against $1.32bn consensus |
ZIP.AU recovered part of the previous week's 32.72% fall, including 10.96% on Monday. 4DX.AU reported a 66% rise in first-quarter revenue on Wednesday, and The Bull put its October fall at 42.59%. CYL.AU fell 24.76% on Friday after September-quarter gold production dropped 30% to 22,200 oz (Stockhead).
Friday US session
- S&P 500: 7,580.07 (-1.82%)
- Nasdaq: 25,437.00 (-2.86%)
- Dow: 51,770.31 (-1.09%)
- VIX: 19.42 (+12.91%)
The Nasdaq fell 2.86% on Friday 30 October, its biggest one-day drop since 5 June (Reuters), after quarterly results from Intel, Amazon and Alphabet renewed doubts about returns on AI spending. INTC.US lost 28.58% to US$65.76 on its forecast, AMZN.US fell 1.41% to US$240.35 after a 4.25% drop on Thursday, and GOOGL.US slipped 1.40% after a 12.64% fall on Thursday. For the week the S&P 500 fell 0.57%, the Nasdaq 2.00% and the Dow 0.85%.
December gold fell 3.63% on Friday to US$3,884.9/oz, from US$3,997.5/oz at the ASX close. December Brent rose 2.45% on Friday to US$117.70, up 0.68% for the week. AUD/USD ended at 0.7035, down 0.32% on Friday and 0.04% for the week. Nasdaq 100 futures had already fallen 1.95% by the ASX close on Friday, and the ASX 200 gave back most of a 1.14% early gain.
Macro themes that played out
Australia's September CPI rose 4.3% annual on Wednesday 28 October, against 4.2% expected, with monthly CPI up 0.8% and annual trimmed mean steady at 3.6% (ABS, Market Index). The September-quarter trimmed mean rose 1.0% against the RBA's 0.8% forecast (ABC). Automotive fuel prices rose 9.4% in September after a 14.8% jump in August. Governor Michele Bullock said the board would decide on 3 November whether this year's four rate hikes had been enough (Market Index). The Bank of Canada raised its rate 25 bps to 2.5% on Wednesday, its first hike since July 2023, and the RBNZ held at 2.75% on a 4-3 vote.
The US Federal Reserve held its target range at 3.75% to 4.00% on 28 October on a 10-2 vote, a month after a 25 bp rise (Federal Reserve). The RBA cash rate stands at 4.60% after a 25 bp rise effective 30 September, so a Tuesday hike would take it to 4.85%.
Chinese lithium carbonate futures fell 4.0% on Wednesday and 8.4% on Thursday to 88,360 yuan a tonne (Market Index); LYC.AU gained 12.98% for the week after a record 2,082 t of NdPr output in the September quarter. Japan's Nikkei fell 2.32% and Korea's KOSPI 4.24% on Friday after SK Hynix and Advantest each dropped more than 6% (Market Index).
Week ahead, Monday to Friday (AEDT)
- Mon 2 Nov: WBC.AU full-year result and final dividend; 11:30am ABS building approvals for September; about 12:45pm RatingDog China manufacturing PMI.
- Tue 3 Nov: 2:30pm RBA decision and Statement on Monetary Policy, with a 3:30pm media conference. Melbourne Cup is a Victorian public holiday; the ASX trades normally. 2:00am US ISM manufacturing PMI for October.
- Wed 4 Nov: 11:30am ABS household spending indicator for September and the RBA chart pack; 2:00am US JOLTS for September. US midterm election results arrive through the AU session.
- Thu 5 Nov: NAB.AU full-year result; 11:30am ABS international trade in goods for September; WBC.AU trades ex-dividend; 5:45pm RBA Deputy Governor Andrew Hauser speaks at the ANU. 2:00am US ISM services PMI.
- Fri 6 Nov: MQG.AU first-half result; 9:00am JHX.AU second-quarter result.
- Sat 7 Nov: 12:30am US nonfarm payrolls for October.
US times are AEDT; US clocks move back an hour on Sunday 1 November, so 10:00am ET is 2:00am AEDT the next day.
Context only, not financial advice. Track your own trades with Swingfolio.