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I’m Colin Sandell-Hay
The S&P/ASX 200 was lower again today, dropping 20.10 points or 0.23% to 8,766.40 and crossing below its 125-day moving average.
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The index has lost 2.09% for the last five days, but is virtually unchanged year to date.
The market saw weakness across sectors such as energy and utilities with mixed quarterly report news weighing on performance.
There was also no doubt the market was a lot slower than a normal Monday due to half the nation having the day off to commemorate the Anzacs.
Unfortunately, the ASX didn’t follow the lead of the S&P 500 and the Nasdaq 100 which set new record highs last week despite the ongoing issues related to the Middle East crisis and its impact on the resource sector.
Gainers today included
Atlas Arteria (ASX: ALX) after the toll road business specialist received an unsolicited $6.95 billion takeover offer from IFM;
Newmont (ASX: NEW) was up 6.9% after reporting record quarterly earnings and free cash flow for the first quarter of 2026;
Megaport (ASX: MP1) which landed a three-year, $35.4 million compute contract; and
Vulcan Energy (ASX: VUL) which jumped on news it had broken ground at the Lionheart lithium chemicals facility.
Decliners today included Origin Energy (ASX: ORG) which announced lower March production and realised LNG prices compared to the prior quarter;
That’s the ASX Today, and I’m Colin Sandell-Hay. See you in the morning.
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