Markets Score 32 Bullish

ASX 200 Rebounds as Mining and Energy Stocks Lead Gains

May 01, 2026 03:18 UTC

BHP, RIO, MIN, FMG, WDS, STO, ANZ, CBA, WBC, NAB

Immediate term

The Australian benchmark index recovered early losses on Monday, buoyed by positive momentum from Wall Street. Gains were primarily driven by iron ore miners and energy producers.

S&P/ASX 200 rose 17.60 points to 7,965.80
Rio Tinto and Mineral Resources gained over 2%
Woodside and Beach Energy advanced nearly 2%
ANZ Banking led the big four banks with a ~1% gain
AUD trading at $0.631

The S&P/ASX 200 index climbed 17.60 points, or 0.22%, to reach 7,965.80 during mid-market trading on Monday. This upward movement marks a reversal of a four-session losing streak, following positive signals from the U.S. markets on Friday. The broader All Ordinaries Index mirrored this trend, rising 17.10 points, or 0.21%, to 8,195.60. The recovery was characterized by broad sector strength, particularly within the materials and energy spaces. In the mining sector, Rio Tinto and Mineral Resources both saw gains of approximately 2%, while BHP Group edged up 0.1%. However, Fortescue Metals diverged from the trend, falling 1.5%. Energy stocks also showed strength, with Woodside Energy and Beach Energy both advancing nearly 2%, and Santos gaining almost 1%. Financials were mixed but generally positive, with ANZ Banking leading the big four with a nearly 1% gain. In technology, Xero and Zip both rose by approximately 1%, offsetting slight declines in Block and WiseTech Global. The Australian dollar was quoted at $0.631. Gold miners showed fragmented performance, with Gold Road Resources gaining nearly 1% while Resolute Mining dropped almost 2%.