ASX 200 +1.10% to 9,129.0 as banks and property rally; Life360 -15.32%
ASX 200 close: 9,129.0 (+1.10%) Breadth: 187 advancers / 26 decliners Sentiment: bullish
The S&P/ASX 200 closed at 9,129.0 on 10 November 2026, up 99.3 points or 1.10%, after the S&P 500 gained 2.35% overnight and Brent crude fell a further 1.11% to US$91.54 on hopes of a US and Iran deal. 360.AU fell 15.32% to $18.91 after Life360 trimmed its advertising revenue range to US$98m to US$102m, while MND.AU rose 15.30% on first-half profit guidance 23% above estimates. Australia's 3-year bond yield sits 40 bps below its 23 September peak of 5.09%, per Market Index, and A-REITs rose 2.23% to a three-month high.
What moved the index
The ASX 200 gained 110 bps on 10 November 2026 and never traded below Monday's 9,029.7 close; 9,159.8 was the session high.
- Banks: Financials +1.12%, worth about 37 bps. CBA.AU rose 1.82% to $168.99, NAB.AU 1.42%, WBC.AU 1.22%, ANZ.AU 1.00% and MQG.AU 1.45%, a day after Financials fell 1.11%.
- Miners: Materials +1.48%, worth about 31 bps. The All Ords Gold index rose 2.31% as gold gained 0.41% to US$4,131.50/oz; NST.AU +2.98%, EVN.AU +2.14%, BHP.AU +1.13%.
- Industrials: Industrials +2.31%, worth about 17 bps. QAN.AU gained 6.34% to $9.90 and MND.AU 15.30%; TCL.AU added 1.64%.
- Property trusts: A-REITs +2.23%, worth about 16 bps. GMG.AU rose 3.41% to $29.13, CHC.AU 2.25% and GPT.AU 1.60%.
Together, these four drivers account for about 101 bps of the 110 bps move; Consumer Discretionary (+0.56%) and Energy (+0.49%) add most of the residual, and advancers outnumbered decliners 187 to 26.
Session highlights
- 113 points was the index gain at 2:15pm AEDT, when Market Index put the ASX 200 within 1.5% of its 6 August record high.
- 78.2 was the Westpac-Melbourne Institute consumer sentiment reading for November, down 2.7% and the lowest since late 2022; mortgage-holder sentiment fell 11.6% to a record low of 68.1.
- -15 was the NAB business confidence reading for October, down 1 point, as forward orders fell 11 points to -12.
- LIN.AU +17.11%, IPX.AU +14.88%, PDN.AU +4.96%, LYC.AU +4.18% and ILU.AU +3.87% led critical minerals names higher.
- 4.59% was the Kospi gain in Seoul as Samsung Electronics and SK Hynix tracked the overnight US chip rally, per Bloomberg.
Sector scorecard
- Best: Industrials (+2.31%)
- Worst: Utilities (-0.38%)
- Dispersion (best minus worst): 2.69 pts
- Consumer Staples fell 0.20% with WOW.AU -0.92% and COL.AU -0.53%, one of two sectors to close lower.
- Communication Services rose 0.12%: TLS.AU +0.40%, SLC.AU -10.18%.
Top movers
| Ticker | Move | Reason |
|---|---|---|
| LIN.AU | +17.11% | Binding 30,000t monazite offtake with a rare earths refiner |
| MND.AU | +15.30% | 1H27 NPAT guidance $80m to $85m, midpoint 23% above estimates |
| IPX.AU | +14.88% | Unannounced, likely flow-driven. |
| OBM.AU | +7.19% | Unannounced, likely flow-driven. |
| MLX.AU | +7.14% | Unannounced, likely flow-driven. |
| 360.AU | -15.32% | Q3 result; ad revenue range cut to US$98m to US$102m |
| SLC.AU | -10.18% | FY27 EBITDA guidance $148m to $156m; capex up to $58m to $62m |
| SSM.AU | -5.91% | $404m placement at $2.03 to fund $975m Programmed purchase |
| TBN.AU | -4.65% | Unannounced, likely flow-driven. |
| ABB.AU | -2.39% | Unannounced, likely flow-driven. |
Notable announcements
- QAN.AU: Signed a multi-year technology outsourcing deal with Accenture that removes about 850 jobs; Qantas expects the first cuts by mid-2027, per Bloomberg.
- 360.AU: Third-quarter adjusted EBITDA margin of 20% beat the company's 18% guide; management said monthly active user growth is tracking the low end of its 17% to 20% range.
- SSM.AU: Completed the institutional part of its $475 million raising with 92.5% take-up; Service Stream expects to complete the Programmed acquisition around 1 March 2027, subject to ACCC approval.
- LIN.AU: The offtake covers 10,000dmt in a one-year first stage from January 2027, then 20,000dmt a year for five years.
- CXL.AU: Secured $10 million from a strategic investor for its Zesty green iron project in Kwinana; the shares rose 3.92%.
At the AU close (16:15 AEDT)
| Asset | Level | Change | Context |
|---|---|---|---|
| S&P 500 (cash) | 7,549.94 | +2.35% | Monday close; futures +0.26% at the AU close |
| Nikkei | 60,352.73 | +2.68% | Closed; chipmakers followed the US rally |
| Hang Seng | 24,580.4 | +0.54% | Still trading |
| Brent (Jan) | US$91.54 | -1.11% | Hopes of a US and Iran deal |
| Gold | US$4,131.50/oz | +0.41% | US dollar index flat at 101.65 |
| AUD/USD | 0.6929 | +0.02% | Holding Monday's 0.87% gain |
Nasdaq 100 futures were down 0.04% at the AU close, ahead of the October US CPI release.
Next catalysts (AEDT)
- Wednesday 00:30: US CPI and real earnings, October
- Wednesday 11:30: ABS lending indicators, September quarter
- Thursday: ANZ.AU trades ex-dividend for its 83 cent final dividend
- 7 to 8 December: RBA board meeting; Westpac expects a pause with the cash rate at 4.85%
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