Market Close 20 Oct 25: Banks and miners play tug of war

The Aussie sharemarket kicked off the week on a positive note, supported by strong gains in the big banks which offset weakness across the miners. The ASX200 rose 0.4%, climbing back above 9,000 points and sitting just shy of last week’s record high. CBA led the banks, while gold and iron ore declines weighed on BHP and the miners. Linus Rare Earths jumped 6.5% on talk of US supply deals, while Deep Yellow slumped 19% after a sudden CEO exit. Bapcor fell sharply on weak guidance, while Neuren Pharmaceuticals rose on fast-track approval for one of its drugs. Locally, results from BHP and South32 are due tomorrow, with US earnings from Netflix and Tesla also in focus this week. 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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