The S&P/ASX 200 advanced 0.8% to 8,842 on Monday, rebounding from a notable decline last week as gold and uranium stocks led the gains. Gold miners were standout performers, with Genesis Minerals (8.8%), Regis Resources (7.5%), Vault Minerals (6.4%), and Capricorn Metals (6%) rallying on the back of a firmer gold price and renewed investor appetite for safe-haven assets. Uranium stocks also surged, with Peninsula Energy soaring 15%, while Boss Energy and Bannerman Energy added 7.3% and 4%, respectively. On the downside, Santos fell 1.6% after XRG withdrew its takeover proposal. Moreover, Regis Healthcare plunged 21.4% to a more than two-month low after the company warned that the government’s 4.7% increase to the Australian National Aged Care Classification base rate fell significantly short of industry expectations. Meanwhile, investor focus shifts to today’s PMI figures, followed by Wednesday’s Monthly CPI Indicator and RBA Payments System Board Annual Report 2025.
Check Also
Close
-
Chart of The Day – Gold – XAU/USDApril 10, 2025