Local shares staged a relief rally today, reclaiming ground after yesterday's bruising 2.9% sell-off. Sentiment shifted following comments from President Trump suggesting the Middle East conflict could conclude "very soon," cooling the panic that recently gripped global markets. While the index faded from its morning peaks, it remained firmly in the green as oil prices retreated below $90 a barrel. The Energy sector, yesterday's lone winner, reversed course to lead the declines, with Woodside and Santos sliding as supply fears eased. In contrast, Materials and Financials powered the rebound. BHP snapped a five-day losing streak, while cancer diagnostic firm Telix Pharmaceuticals soared 8% on positive Phase 3 trial results. However, gold miner Pantoro plummeted 22% after a guidance downgrade overshadowed a revenue jump.

Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean.

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Erscheinungs­datum: 10.3.2026, 07:01:49