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ASX today – All eyes will be on how the ASX responds this morning after both Wall Street and oil prices climbed overnight.
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The AFR is forecasting the S&P/ASX 200 may be a muted or lower. That follows yesterday’s fall with the S&P/ASX 200 dropping 16.20 points or 0.18 per cent to 9,053.80 and crossing below its 20-day moving average.
Overseas, Wall Street rose overnight on positive news on an easing of US treasury bond yields.
The major indexes all rose, led by the S&P 500 up 0.32 per cent to 7,716.51, the Nasdaq gaining 0.21 per cent to 26,345.60, and the Dow advancing 0.18 perc cent to 53,440.95
Meanwhile, the US government debt has passed US$40 trillion, more than doubling in a decade.
Locally, the Australian Energy Regulator (AER) is set to repay energy company AGL $25 million in penalties after the full Federal Court upheld an appeal by AGL Retail Energy and three other subsidiaries of AGL Energy.
AGL won the appeal against findings and penalties imposed by the Federal Court in December 2024 for allegedly failing to comply with their overcharging obligations related to Centrepay payments.
The AER says it took this court action against AGL in December 2022 because of the seriousness of the alleged conduct that it impacted a large number of customers including those who were likely to be experiencing vulnerability and financial hardship.
“We are also considering the judgment in the context of Federal Court proceedings instituted against four Origin Energy subsidiaries in December 2025 for alleged breaches of overcharging rules in relation to Centrepay payments,” the AER stated.
On the market news front:
In further reporting season news, Super Retail Group’s (ASX: SUL) sales were up 3.2 per cent to $4.2 billion.
MD and CEO, Paul Bradshaw, said FY26 delivered a solid result, achieving record sales in the face of significant headwinds that included geopolitical instability in the Middle East, unfavourable weather and increasing interest rate pressure on households.
“In my first nine months as CEO, I have seen firsthand the commitment of our 15,500 team members and their ability to respond quickly to external challenges to our business.”
Cleanaway Waste Management (ASX: CWY) delivered growth in key financial metrics compared to the 12 months ended 30 June 2025 or prior corresponding period (pcp)).
Gross revenue was up 13.5 per cent to $4,371.3 million and net revenue up 13.1 per cent to $3,736.7 million supported by the Contract Resources ($319.8 million) and Citywide Waste ($103.3million) acquisitions.
Heartland Group Holdings (ASX: HGH) has announced a net profit after tax (NPAT) for the financial year ended 30 June 2026 of $93.2 million (up from $38.8 million in the financial year ended 30 June 2025).
Management noted that through FY2026, Heartland has established a strong foundation to support its next phase of growth. Heartland met all FY2026 underlying guidance metrics, delivering an improved return on equity (ROE) and turnaround in profitability, driven by margin expansion and strengthened asset quality.
On the mining front, Westgold Resources (ASX: WGX) has reported solid numbers in its latest mineral resource estimate and ore reserve statement.
The company reported a 41 per cent increase in ore reserve to 4.1 million ounces achieved at a modest reserve addition investment of just $27 per ounce.
It also revealed an eight per cent growth in mineral resource to 14.4. million ounces after adjusting for non-core asset divestments of three million ounces.
Buck and ore
Now – in forex, the Oz dollar is buying US$0.712
Looking at commodities, all in the greenback,
Iron Ore is down 0.12 per cent to $95.17 a tonne in Singapore today,
Brent Crude gained 0.60 per cent to $91.570 per barrel
Gold is selling at $4517.78
US natgas futures were up 0.25 per cent to $2.7830per gigajoule.
That’s HotCopper’s Market Open, I’m Colin Sandell-Hay – happy trading.
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