- 01The ASX 200 closed at 9,082.2, up 0.19% for the week.
- 02The Small Ordinaries fell 1.24% to 3,231.7.
- 03Industrials rose 2.00%, while gold stocks fell 2.51%.
- 04Brent crude rose 1.41% over the week and gold fell 5.18%.
- S&P/ASX 200
- 9,082.2
- +0.19%
- S&P/ASX Small Ordinaries
- 3,231.7
- −1.24%
- All Ordinaries
- 9,204.5
- −0.01%
Financials helped the ASX 200 finish slightly higher while mining losses and weakening breadth left small caps behind.
Financials Cushion The Benchmark As Miners Retreat
The S&P/ASX 200 rose 0.19% for the week to close at 9,082.2, as gains in financials helped offset weakness in materials. The result was measured from the previous Thursday's close. The broader All Ordinaries fell 0.01% to 9,204.5, while the S&P/ASX 300 rose 0.13% to 8,985.4.
The tension was visible on Thursday, when Commonwealth Bank of Australia (ASX:CBA) rose 2.89% and BHP Group Ltd (ASX:BHP) fell 1.29% in the session. The benchmark ended the week below its recent high but remained above its short- and long-term averages. It was 0.85% below its 60-session high and had risen 4.16% over the past 21 sessions.
Daily closes; the shaded band is the week of Mon 9 Nov – Fri 13 Nov.
- 60-session low
- 8,613.2
- Close 5.45% above
- 60-session high
- 9,159.8
- Close 0.85% below
- 20-day average
- 8,929.7
- Close 1.71% above
- 50-day average
- 8,820.5
- Close 2.97% above
- 200-day average
- 8,837.5
- Close 2.77% above
Recent range and moving averages at the week's close.
Small Caps Trail As Breadth Weakens
The S&P/ASX Small Ordinaries fell 1.24% over the week to 3,231.7, trailing the large-cap ASX 200. Participation weakened late in the week: on Friday, 338 traded stocks rose and 630 fell, leaving 34.9% of traded stocks higher. The small-cap index fell 1.75% in that session.
G8 Education Ltd (ASX:GEM) rose 71.43% for the week to $0.180 after announcing a process deed with Majority Capital. Big River Industries Ltd (ASX:BRI) gained 40.54% to $1.56 after signing a scheme implementation deed with CTL. Fortifai Ltd (ASX:FTI) rose 30.61% to $0.320.
Among the laggards, Lake Resources NL (ASX:LKE) fell 17.24% to $0.024 and Cettire Ltd (ASX:CTT) dropped 17.11% to $0.315. Smart Parking Ltd (ASX:SPZ) fell 14.47% to $0.680; it released an AGM presentation during the week.
Gainers
- GEMG8 Education Ltd+71.4%G8 Education enters Process Deed with Majority Capital
- BRIBig River Industries Ltd+40.5%BRI signs Scheme Implementation Deed with CTL
- FTIFortifai Ltd+30.6%
- WCNWhite Cliff Minerals Ltd+22.8%
- JGHJade Gas Holdings Ltd+21.5%
Decliners
- LKELake Resources NL−17.2%
- CTTCettire Ltd−17.1%
- SPZSmart Parking Ltd−14.5%AGM Presentation
- NXLNuix Ltd−13.4%
- OMAOmega Oil & Gas Ltd−11.8%
Change from the previous Friday's close, as traded and not adjusted for dividends, among stocks with at least $1 million traded in the week.
Industrials Lead As Gold Stocks Fall
Industrials was the strongest sector, rising 2.00% over the week. Qantas Airways Ltd (ASX:QAN) rose 6.34% on Tuesday, while Computershare Ltd (ASX:CPU) gained 2.10% and Brambles Ltd (ASX:BXB) rose 0.72% on Friday. Energy gained 1.45% for the week and technology rose 1.37%.
Gold was the weakest sector, falling 2.51%, while materials dropped 1.19%. RIO Tinto Ltd (ASX:RIO) fell 2.14% and Fortescue Ltd (ASX:FMG) declined 2.40% on Thursday. Northern Star Resources Ltd (ASX:NST) fell 2.83% on Friday, a session in which bullion rose.
Financials gained 0.86% for the week. Westpac Banking Corp (ASX:WBC) rose 1.93% on Thursday, while National Australia Bank Ltd (ASX:NAB) fell 1.51% on Wednesday.
- Industrials+2.00%
- Energy+1.45%
- Technology+1.37%
- Utilities+1.22%
- Financials+0.86%
- Staples+0.55%
- Telecom+0.23%
- Healthcare−0.04%
- REITs−0.27%
- Discretionary−0.79%
- Materials−1.19%
- Gold−2.51%
Acquisitions And Raisings Fill The Filings
Service Stream Ltd (ASX:SSM) agreed to acquire Programmed for $975 million before adjustments and launched a $475 million equity raising. It completed approximately $404 million of the institutional offer and placement at $2.03 per new share; the retail entitlement offer was yet to open. The acquisition is expected to complete on or around 1 March 2027.
Goodman Group (ASX:GMG) and Digital Realty acquired a 9.9% interest in Nextdc Ltd (ASX:NXT) through a 50:50 vehicle, at an average $9.22 per share. The parties said they had no present intention of making a control proposal or takeover offer. Codan Ltd (ASX:CDA) agreed to acquire Eventide Communications through Zetron at an enterprise value of approximately $244 million.
Pacific Lime and Cement Ltd (ASX:PLA) received commitments for an A$50 million placement at A$0.36 per CDI and signed a proposed US$15 million convertible note term sheet with DFC. Arrow Minerals Ltd (ASX:AMD) received commitments for a $5.5 million placement at $0.02 per share.
Franco-Nevada became a substantial holder in Minerals 260 Ltd (ASX:MI6), disclosing 5.68% voting power and $30,000,000 in acquisition consideration. Vault Minerals Ltd (ASX:VAU) shareholders approved the scheme for Genesis to acquire Vault, with 99.74% of scheme votes in favour; court approval is the next step.
- Goodman Group (ASX:GMG): Acquisition of a 9.9% interest in NEXTDC
- Codan Ltd (ASX:CDA): Acquisition Announcement
- Vault Minerals Ltd (ASX:VAU): Results of Scheme Meeting
- Ingenia Communities Group (ASX:INA): Receipt of non-exclusive proposal from Warburg Pincus
- Service Stream Ltd (ASX:SSM): Acquisition of Programmed and $475m Equity Raise
- Southern Cross Electrical Engineer Ltd (ASX:SXE): Completion of Entire acquisition
- Service Stream Ltd (ASX:SSM): Successful completion of Placement & Institutional Offer
- Pacific Lime and Cement Ltd (ASX:PLA): $50 Million Equity Raise and DFC Financing Term Sheet
- Solaris Australian Equity Income (ASX:SET): Successful Placement and Launch of Entitlement Offer
- Solaris Australian Equity Income (ASX:SET): Placement and Non-Renounceable Entitlement Offer
- Arrow Minerals Ltd (ASX:AMD): $5.5 Million Capital Raising
- Auric Mining Ltd (ASX:AWJ): $17m Placement to Accelerate Growth
Large-Cap Moves And Unusual Turnover
Monadelphous Group Ltd (ASX:MND) led the named large-cap gainers, rising 19.30% for the week to $33.94 alongside a business update. NRW Holdings Limited (ASX:NWH) rose 10.02% to $6.70 after announcing a Fredon Industries contract award. Xero Ltd (ASX:XRO) gained 8.75% to $76.93 after releasing its interim report.
Dyno Nobel Ltd (ASX:DNL) fell 12.57% to $3.34 for the week after its FY26 results announcement. Ventia Services Group Ltd (ASX:VNT) declined 12.22% to $5.03 alongside a strategy and outlook announcement. Paladin Energy Ltd (ASX:PDN) fell 3.89% to $7.17 for the week, including a one-day fall of 17.59% on Friday after announcing completion of an A$525 million equity raising.
Average daily volume in Big River Industries was 99.2 times its prior 20-session average, alongside its scheme announcement. For 3P Learning Ltd (ASX:3PL), volume was 442.2 times its prior average; its shares rose 1.67% for the week to $0.305. Energy World Corporation Ltd (ASX:EWC) traded at 215.4 times its prior average and rose 11.11% to $0.070.
Gainers
- MNDMonadelphous Group Ltd+19.3%Monadelphous Business Update
- NWHNRW Holdings Limited+10.0%Fredon Industries Contract Award
- TEATasmea Ltd+9.6%
- XROXero Ltd+8.8%Appendix 4D & FY27 Interim Report
- SRLSunrise Energy Metals Ltd+8.6%
Decliners
- DNLDyno Nobel Ltd−12.6%FY26 Results Announcement
- VNTVentia Services Group Ltd−12.2%Evolution of strategy, simplification and FY26 outlook
- APEEagers Automotive Ltd−6.5%
- MSBMesoblast Ltd−4.9%
- PDNPaladin Energy Ltd−3.9%Paladin successfully completes A$525M equity raising
Change from the previous Friday's close, as traded and not adjusted for dividends, among stocks with at least $1 million traded in the week.
- 3PL 3P Learning Ltd+442.2
- EWC Energy World Corporation Ltd+215.4
- BRI Big River Industries Ltd+99.2
- CYG Coventry Group Ltd+43.7
- SND Saunders International Ltd+18.3
- ACQ Acorn Capital Investment Fund Ltd+10.4
- ALC Alcidion Group Ltd+10.0
- VVA Viva Leisure Ltd+7.6
Average daily volume this week as a multiple of the prior 20 sessions' average.
Oil Swings And Inflation Lift Rate Expectations
Oil fell sharply earlier in the week, supporting a rebound in Asian shares and semiconductor stocks. Saudi tankers also crossed the Strait of Hormuz with US coordination. By Friday's close, Brent crude was US$95.77 a barrel, up 1.41% over the comparison week, while WTI rose 1.08% to US$88.39 a barrel.
Hotter-than-expected US inflation fuelled expectations of more aggressive Federal Reserve rate rises, and Japanese government bonds followed US Treasuries lower. Through Thursday, the US 10-year Treasury yield rose 20.0 basis points over the week to 5.10%, while the two-year yield rose 28.0 basis points to 4.86%. The Nasdaq Composite fell 1.44% to 25,366.09 and the Dow Jones Industrial Average declined 1.98% to 52,297.09 over the week, both as of Thursday. Australia's benchmark finished higher despite the offshore losses.
The Australian dollar fell 3.02% over the week to US$0.6796. Australia's 10-year government bond yield was 5.04% as of Wednesday, up 5.5 basis points in that session, and the three-year yield was 4.73%, up 6.7 basis points. September dwelling approvals rose to 18,311 from 17,173. Reserve Bank of Australia assistant governor Sarah Hunter spoke during the week about the economy and cheaper intelligence.
Gold fell 5.18% over the week to US$3,903.70 an ounce, while copper declined 3.29% to US$6.16 a pound. Silver fell 4.79% to US$50.00 an ounce.
- AUD/USD
- 0.6796
- −3.02%
- USD per AUD
- Australia 10-Year Government Bond Yield
- 5.04
- Australia 3-Year Government Bond Yield
- 4.73
- Gold
- 3,903.70
- −5.18%
- US$/oz
- Brent Crude
- 95.77
- +1.41%
- US$/bbl
- Copper
- 6.16
- −3.29%
- US$/lb
Change is the move over the week.
What's Next
US headline and core producer prices are scheduled after the ASX close. In Australia, the Reserve Bank's November board minutes are due on 17 November, followed by the wage price index and state accounts on 18 November. Australian consumer price index data is scheduled for 25 November.
- Sat, 14 Nov00:30Core PPI m/mUnited States0.3%
- Sat, 14 Nov00:30PPI m/mUnited States0.4%
- Tue, 17 Nov11:30Minutes of the November 2026 Monetary Policy Board MeetingAustralia
- Wed, 18 Nov11:30Wage Price Index, AustraliaAustralia
- Wed, 18 Nov11:30Australian National Accounts: State AccountsAustralia
- Wed, 25 Nov11:30Consumer Price Index, AustraliaAustralia
- Thu, 26 Nov11:30BulletinAustralia
General information only, prepared without taking into account your objectives, financial situation or needs. It is not a recommendation to buy or sell any security. Past performance is not a reliable indicator of future performance.
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The ASX small-cap stories that matter, filed before 9am AEST. Curated by the Small Caps desk.