Market Close 09 Oct 25: Miners hit best level in history

The Aussie market managed its first lift of the week, though momentum was modest and buyer enthusiasm remained subdued. The ASX200 edged higher despite weakness across financials and tech stocks, with materials the clear standout, hitting a record high thanks to gains from gold and rare earth miners. Lynas Rare Earth surged to a 14-year peak while BHP, Rio Tinto and Fortescue also advanced. Meanwhile, Guzman y Gomez shares swung wildly after announcing a $100 million buyback, Liontown rose following changes to its Ford contract, and Netwealth delivered strong quarterly inflows. With few catalysts ahead of next week’s key events and RBA remarks due tomorrow, trade remained light as investors treaded cautiously near record highs. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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