ASX 200 -0.07% to 9,146.8 as gold and lithium miners fall; XRO.AU +6.08%, DMP.AU +12.93%
ASX 200 close: 9,146.8 (-0.07%) Breadth: 88 advancers / 126 decliners Sentiment: mixed
The S&P/ASX 200 closed at 9,146.8 on 12 November 2026, down 6.4 points or 0.07%, as Materials fell 2.08% on a firmer US dollar and lower commodity prices while Financials rose 1.10%. XRO.AU gained 6.08% to $75.17 after lifting FY27 revenue guidance to NZ$3.77 billion to NZ$3.83 billion and announcing an on-market buyback of up to A$1 billion. December gold traded at US$3,983.50/oz at the close, down 0.42% and below US$4,000, and AUD/USD fell 0.22% to 0.6837.
What moved the index
The ASX 200 lost 7 bps on 12 November 2026 from Wednesday's 9,153.2 close; it opened at that level, which was also the session high, and 9,100.5 was the low.
- Miners: Materials -2.08%, worth about -44 bps. The All Ords Gold index fell 3.59%, with EVN.AU -4.21% and NST.AU -2.24%. RIO.AU lost 2.14%, FMG.AU 2.40% and BHP.AU 1.29%. Market Index tied the early selling in miners to higher bond yields and a stronger US dollar.
- Banks: Financials +1.10%, worth about +35 bps. CBA.AU rose 2.89% to $171.76 and recovered Wednesday's 1.21% fall; WBC.AU added 1.93%, ANZ.AU 1.15% and NAB.AU 0.54%.
- Health care and property: Health Care +0.61% and A-REITs +0.62%, together worth about 10 bps. CSL.AU gained 1.42% to $204.54.
- Utilities: Utilities -1.03%, worth about -2 bps.
Together, these four drivers account for about -1 bps of the -7 bps move; Consumer Discretionary (-0.26%) and Consumer Staples (-0.27%) add most of the residual, and decliners outnumbered advancers 126 to 88.
Session highlights
- 9,100.5 was the session low, 0.58% below the open, before banks pulled the index back toward flat.
- PLS.AU fell 8.06% to $2.85 and gave back Wednesday's 6.53% gain; MIN.AU lost 5.23% and IGO.AU 5.12%.
- XRO.AU reached $80.02 in the morning, up 12.9%, before closing at $75.17. Information Technology closed 0.25% higher as PME.AU fell 2.18% and WTC.AU 1.17%.
- NVDA.US fell 8.2% to US$159.42 in after-hours trade on reports that its board was weighing CEO Jensen Huang's future, per Market Index; Nasdaq 100 futures were down 0.95% at the AU close.
- 10.72 was the close of the ASX 200 VIX, down 1.42% and its third straight fall.
Sector scorecard
- Best: Financials (+1.10%)
- Worst: Materials (-2.08%)
- Dispersion (best minus worst): 3.18 pts
- Materials carried the widest internal spread: ORI.AU +4.47% on its full-year result against PLS.AU -8.06% and ELV.AU -8.35%.
Top movers
| Ticker | Move | Reason |
|---|---|---|
| DMP.AU | +12.93% | Day after its AGM showed same-store sales declines slowing |
| XRO.AU | +6.08% | FY27 revenue guidance raised; buyback of up to A$1 billion |
| AUB.AU | +5.05% | FY27 NPAT guidance floor raised to $250m; EQT and CVC talks ended |
| IMR.AU | +4.72% | Unannounced, likely flow-driven. |
| TUA.AU | +4.67% | Unannounced, likely flow-driven. |
| GQG.AU | -8.97% | Second day after October net outflows of US$6.7bn |
| MI6.AU | -8.52% | Fell with gold miners; Bullabulling works approval granted the same morning |
| ELV.AU | -8.35% | Lithium names fell: PLS.AU -8.06%, LTR.AU -6.99% |
| PLS.AU | -8.06% | Reversed Wednesday's 6.53% gain as lithium names fell |
| BTR.AU | -7.43% | Fell with gold miners despite a 305m at 2.66g/t gold intercept |
Notable announcements
- ORI.AU: Rose 4.47% to $23.82 after FY26 underlying NPAT rose 9% to $589.7 million, its highest earnings in more than 15 years, and the unfranked final dividend rose 11% to 35.5 cents.
- XRO.AU: First-half revenue rose 46% to NZ$1.75 billion and subscribers rose 12% to 5.15 million; statutory NPAT fell 86% to NZ$18.5 million on a full half of Melio losses.
- ALL.AU: FY26 normalised NPATA rose 2% to $1.58 billion and CEO Trevor Croker will retire in April; the shares fell 6.5% in the morning and closed down 1.32% at $65.02.
- PDN.AU: In a trading halt until 13 November for a $525 million raising at $7.80 a share, a 10.3% discount to its $8.70 close.
- CBA.AU: ASIC began civil penalty proceedings alleging its CommBiz platform overcharged about 42,000 business customers $8.5 million in fees; CBA said it expects to defend parts of the claim.
- GEM.AU: Rose 90% to $0.19 after a non-binding 26 cent a share takeover proposal from Majority Capital Partners.
At the AU close (16:15 AEDT)
| Asset | Level | Change | Context |
|---|---|---|---|
| S&P 500 (cash) | 7,619.38 | +1.31% | Wednesday close; futures -0.41% at the AU close on the Nvidia reports |
| Nikkei | 60,747.98 | -0.82% | Closed |
| Hang Seng | 24,073.62 | -1.00% | Still trading |
| Brent (Jan) | US$92.50 | -0.28% | Energy +0.10% on the ASX |
| Gold (Dec) | US$3,983.50/oz | -0.42% | All Ords Gold index -3.59% |
| AUD/USD | 0.6837 | -0.22% | US Dollar Index 103.00, +0.09% |
Next catalysts (AEDT)
- Friday 13 November: PDN.AU placement due to complete and the trading halt to lift
- Saturday 14 November 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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