ASX 200 +0.27% to 9,153.2 as miners recover and CBA slips; GQG -19.59%
ASX 200 close: 9,153.2 (+0.27%) Breadth: 141 advancers / 81 decliners Sentiment: mixed
The S&P/ASX 200 closed at 9,153.2 on 11 November 2026, up 24.2 points or 0.27%, as Materials recovered from a 2.18% early loss to finish 0.77% higher while gold rose 0.85% to US$4,064.30/oz and copper 1.38% in Asian trade. GQG.AU fell 19.59% to $0.78 after US$6.7 billion of net outflows in October cut funds under management to US$131.6 billion. CBA.AU lost 1.21% to $166.94 after its September quarter update showed home loan arrears up 7 bps to 0.8%, and Financials fell 0.35%.
What moved the index
The ASX 200 gained 27 bps on 11 November 2026 from Tuesday's 9,129.0 close; 9,084.7 was the session low and the index closed at its session high of 9,153.2.
- Miners: Materials +0.77%, worth about 16 bps. BHP.AU recovered from -1.82% at its low to close up 0.87% at $60.39, and EVN.AU from -4.05% to +1.30%. Copper futures rose 1.38% to US$6.32/lb and gold traded back above US$4,060/oz in Asian hours.
- Banks and fund managers: Financials -0.35%, worth about -12 bps. CBA.AU -1.21% and NAB.AU -1.51% offset ANZ.AU +1.37% and MQG.AU +0.38%; GQG.AU fell 19.59%.
- Tech: Information Technology +1.52%, worth about 5 bps. WTC.AU rose 2.52% to $47.14, XRO.AU 1.77% and MP1.AU 4.39%, as Nasdaq 100 futures gained 1.45% during the Australian session.
- Utilities, energy and consumer names: Utilities +1.30%, Energy +0.72%, Consumer Discretionary +0.53% and Industrials +0.38%, together worth about 11 bps. AGL.AU gained 2.32% and ALD.AU 1.77% as Brent rose 1.29%.
Together, these four drivers account for about 20 bps of the 27 bps move; Health Care (+0.27%) and A-REITs (+0.30%) add most of the residual, and advancers outnumbered decliners 141 to 81.
Session highlights
- 15.5% was the quarterly fall in the value of new home loan commitments in the September quarter, the largest since the ABS series began in 2002; investor loan value fell 32.3%.
- 3.93% was the intraday fall in the All Ords Gold index at its low before it closed 0.04% lower.
- PLS.AU rose 6.53% to $3.10, IGO.AU 4.79% to $5.47 and MIN.AU 1.84%; Market Index ranked PLS.AU the most shorted ASX stock this week.
- 10.88 was the close of the ASX 200 VIX, down 5.97% and its second straight fall.
Sector scorecard
- Best: Information Technology (+1.52%)
- Worst: Financials (-0.35%)
- Dispersion (best minus worst): 1.87 pts
- Financials carried the widest internal spread: GQG.AU -19.59% and NAB.AU -1.51% against ANZ.AU +1.37%.
Top movers
| Ticker | Move | Reason |
|---|---|---|
| 360.AU | +10.05% | Rebound from Tuesday's 15.32% fall; broker upgrades on Q3 numbers, per ABC |
| CXO.AU | +8.00% | Unannounced, likely flow-driven. |
| SRL.AU | +7.69% | Unannounced, likely flow-driven. |
| MND.AU | +7.23% | Second day after 1H27 NPAT guidance of $80m to $85m; record high |
| AMI.AU | +7.06% | Unannounced, likely flow-driven. |
| GQG.AU | -19.59% | October net outflows US$6.7bn; FUM down 11.8% to US$131.6bn |
| PYC.AU | -4.51% | Unannounced, likely flow-driven. |
| BNZ.AU | -4.02% | Unannounced, likely flow-driven. |
| NXT.AU | -3.99% | Said it has no links with Megaspeed, per ABC |
| PXA.AU | -3.38% | FY27 revenue guidance cut to $355m to $380m from $385m to $415m |
Notable announcements
- CBA.AU: September quarter unaudited cash profit of $2.8 billion, up 8% on a year earlier; loan impairment expense was $300 million, or 11 bps of loans.
- GQG.AU: Year-to-date net outflows reached US$32.9 billion; investment performance cut a further US$11.0 billion from FUM in October.
- PXA.AU: Transfer volumes fell 15.2% to 566,000 in the September quarter; FY27 core NPAT guidance moved to between a $6 million loss and a $6 million profit.
- NWH.AU: Rose 6.47% to $6.91 after its Fredon arm won a data centre contract worth about $240 million, per Market Index.
- MQG.AU: Macquarie Bank must pay a $14 million penalty over introductory savings rates and has compensated 40,000 customers, per ShareCafe.
At the AU close (16:15 AEDT)
| Asset | Level | Change | Context |
|---|---|---|---|
| S&P 500 (cash) | 7,520.93 | -0.38% | Tuesday close after October CPI; futures +0.59% at the AU close |
| Nikkei | 61,226.19 | +1.27% | Closed |
| Hang Seng | 24,390.33 | -0.68% | Still trading |
| Brent (Jan) | US$92.67 | +1.29% | AGL.AU and ALD.AU gained |
| Gold | US$4,064.30/oz | +0.85% | Recovered after a 1.82% fall on Tuesday |
| AUD/USD | 0.6878 | +0.10% | After a 0.82% fall on Tuesday |
CoreWeave reported third-quarter revenue of US$3.66 billion against a US$3.55 billion estimate, per ABC.
Next catalysts (AEDT)
- Thursday 12 November: ANZ.AU trades ex-dividend for its 83 cent final dividend
- Saturday 00:30: US producer price index, October
- Wednesday 18 November 11:30: ABS Wage Price Index, September quarter
- Thursday 19 November 11:30: ABS Labour Force, October
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