ASX 200 -0.71% to 9,082.2 as miners and property fall; PDN.AU -17.59% after its raise
ASX 200 close: 9,082.2 (-0.71%) Breadth: 40 advancers / 175 decliners Sentiment: bearish
The S&P/ASX 200 closed at 9,082.2 on 13 November 2026, down 64.6 points or 0.71%, as Materials fell 1.61% after December gold dropped 3.06% overnight and the US 10-year yield rose to 5.10%. PDN.AU fell 17.59% to $7.17 on its return from a trading halt, below the $7.80 price of its completed $525 million equity raising. The index rose 0.68% for the week, from 9,020.8 on 6 November.
What moved the index
The ASX 200 lost 71 bps on 13 November 2026; it opened at Thursday's 9,146.8 close, which was also the session high, and 9,057.3 was the low.
- Miners: Materials -1.61%, worth about -34 bps. The All Ords Gold index fell 2.53%, with EVN.AU -2.91% and NST.AU -2.83%, after December gold fell US$122.60 overnight to US$3,877.90/oz. BHP.AU lost 1.26%, FMG.AU 1.33% and RIO.AU 0.70%.
- Financials: Financials -0.44%, worth about -15 bps. MQG.AU fell 1.07%, CBA.AU 0.52% to $170.87 and WBC.AU 0.47%, while two big four bank chiefs appeared before a parliamentary committee, per ABC. RPL.AU lost 10.41%.
- Property: A-REITs -1.27%, worth about -9 bps, with the US 10-year yield up 10.5 bps to 5.10%. GMG.AU fell 2.04% to $28.85 and LLC.AU 8.43%.
- Health care: Health Care -0.45%, worth about -4 bps. CSL.AU lost 0.79% to $202.92.
Together, these four drivers account for about -62 bps of the -71 bps move; Information Technology (-0.78%), Energy (-0.51%) and Industrials (-0.35%) add most of the residual, and decliners outnumbered advancers 175 to 40.
Session highlights
- 9,057.3 was the session low, 0.98% below the open; the index closed 24.9 points above it.
- 1.28% was the gain in Utilities, the best sector, with APA.AU +1.61%, ORG.AU +1.15% and AGL.AU +0.89%.
- PDN.AU closed 8.1% below its $7.80 placement price; DYL.AU fell 4.91% to $0.775.
- XRO.AU added 2.34% to $76.93, a second day of gains after its FY27 guidance upgrade.
- 11.00 was the close of the ASX 200 VIX, up 2.56%.
Sector scorecard
- Best: Utilities (+1.28%)
- Worst: Materials (-1.61%)
- Dispersion (best minus worst): 2.89 pts
- Financials carried the widest internal spread: CPU.AU +2.10% against RPL.AU -10.41%.
Top movers
| Ticker | Move | Reason |
|---|---|---|
| GNC.AU | +5.29% | Day after FY26 underlying EBITDA of $223m, in line with guidance |
| WAM.AU | +3.03% | Unannounced, likely flow-driven. |
| XRO.AU | +2.34% | Second day after FY27 revenue guidance raised and A$1bn buyback |
| CPU.AU | +2.10% | Day after its AGM |
| ALL.AU | +2.03% | Recovered part of Thursday's 1.32% fall after FY26 results |
| PDN.AU | -17.59% | Resumed below the $7.80 price of its $525m raising |
| CU6.AU | -11.46% | Gave back part of Thursday's 23.49% gain on FDA designation |
| RPL.AU | -10.41% | Flagged limited second-half CY26 performance fees |
| LLC.AU | -8.43% | Began redeeming about A$1.22bn of bonds |
| IPX.AU | -6.99% | Unannounced, likely flow-driven. |
Notable announcements
- PDN.AU: Completed a $499 million placement at $7.80 a share and a C$25 million Canadian bought deal at C$7.62, and plans a share purchase plan of up to $50 million at $7.80 opening 23 November, to fund Patterson Lake South development.
- LLC.AU: Started redeeming about A$1.22 billion of outstanding bonds, with completion expected by month end, per MT Newswires.
- RPL.AU: Expects at least $122.7 million of CY26 fund performance fee revenue and no material further fees in the second half, per Financial Standard.
- GNC.AU: FY26 underlying EBITDA of $223 million and a $10 million net loss after tax; final dividend of 14 cents fully franked.
- GEM.AU: Shareholder Allan Gray Australia backed the non-binding Majority Capital Partners takeover proposal, per MT Newswires; the shares fell 5.26% to $0.18.
At the AU close (16:15 AEDT)
| Asset | Level | Change | Context |
|---|---|---|---|
| S&P 500 (cash) | 7,592.40 | -0.35% | Thursday close; futures -0.08% at the AU close |
| Nikkei | 61,109.48 | +0.48% | Closed |
| Hang Seng | 23,675.54 | -1.39% | Still trading |
| Brent (Jan) | US$95.86 | +0.04% | Held Thursday's 3.54% gain after Trump's Iran comments |
| Gold (Dec) | US$3,902.90/oz | +0.45% | All Ords Gold index -2.53% after the overnight fall |
| AUD/USD | 0.6793 | -0.25% | US 10-year yield 5.10% |
Next catalysts (AEDT)
- Saturday 14 November 00:30: US producer price index, October
- Wednesday 18 November 00:30: US import and export price indexes
- Wednesday 18 November 11:30: ABS Wage Price Index, September quarter
- Thursday 19 November 11:30: ABS Labour Force, October
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