Market News
There is a broad-based rally on the ASX led by resources and technology stocks. Gold stocks are outperform, especially Capricorn Metals (CMM) +3.9%, Kingsgate Consolidated (KCN) +2.9% and West African Resources (WAF) +2.4%.
S&P/ASX 200 Intraday

ABS producer price index (PPI) rises 0.4% in the March quarter 2026 and is 3.0% higher for the year. Cost in the manufacturing industry were up 2.1% in the quarter while building construction costs increased by 1.0%. Annual fee rises lifted higher education prices by 5.4%.
Producer Price Index (Yearly % change) and Inflation Target Band

ANZ Group (ANZ) slumps 2.8% after reporting a 5.9% increase in first-half cash earnings to $3,780 million. Operating income was down 0.9% to $11,079 million.
Coles Group (COL) rallies 3.7% after reporting group sales of $10,703 million in the March quarter 2026, up 3.1% on the same period a year earlier. But analysts warn that rising costs cloud the outlook.
ResMed Inc (RMD) sinks 3.5% despite posting a 17.2% rise in net income for the March quarter 2026 versus a year earlier. Revenue was up 10.8% to US$1,431.4 million.
S&P/ASX Sector Indices (% change)

Gold miner Evolution Mining (EVN) gains 2.1% after releasing its annual mineral resources and ore reserves statement for December 2025. Group mineral resources are now estimated at 31 million ounces of contained gold.
SkyCity Entertainment (SKC) dives 5.6% after saying it now expects underlying FY26 EBITDA to be NZ$180-190 million, down from its previous guidance of NZ$190-210 million.
Lenders mortgage insurance provider Helia Group (HLI) improves 0.2% after reporting gross written premium (GWP) of $34.5 million in the March quarter 2026, down from $51.0 million a year earlier.
Atlas Arteria (ALX) falls initially but recovers to close flat after saying that suitor IFM Investors' takeover proposal 'represents a premium of less than 10%' to the last closing price and is 'subject to many conditions.'
S&P/ASX Market Moving Stocks

US stocks gain ground on hopes for a positive resolution of the Iran conflict. Analysts say that the US now has the upper hand with its naval blockade.
S&P 500 rises for a fifth consecutive week, its longest streak since 2024.
US housing foreclosures jump to a six-year high with an increase of 26% in the March quarter 2026.
The gold price falls US$15.80 to US$4,614.40 per ounce in New York trading.
Asset Class Performance (Yearly % total return)