ASX 200 Live Today - Wednesday, 8th April
Today’s ASX 200 Updates
Welcome to our live ASX coverage for Wednesday, April 8. Expect a high volume of posts pre-market and more periodic updates throughout the day. We'll be wrapping the blog up a little earlier than usual, at ~12:00 pm AEST. Let us know how we can make it even better.
ASX 200 up 2.45%, that’s a wrap from us today
[12:17 pm] The ASX 200 is up 2.45% with 8 of 11 sectors in the green.
Information Technology leads the charge, up 6.29%, followed by Materials (+4.27%), Discretionary (+3.60%), Real Estate (+3.08%) and Financials (+2.93%).
Energy remains the notable laggard, down 7.91%, dragged lower by the oil price plunge following Trump's Iran ceasefire announcement, with Utilities also in the red, down 4.44%.
That's all from us today. Make sure to come back tomorrow morning for more coverage. As always, thanks for tuning in.
By Stephanie Gardner
Uranium stocks broadly higher
[12:11 pm] Uranium stocks are broadly higher with the Uranium price remaining stable at US$85.15/lb overnight. The S&P/ASX 200 Materials Index is up 4.45%.
Ticker | Company | % Chg | Price |
|---|---|---|---|
LOT | Lotus Resources | 9.02% | $1.45 |
T92 | Terra Critical Minerals | 8.11% | $0.08 |
DEV | Devex Resources | 8.11% | $0.20 |
BOE | Boss Energy | 7.77% | $1.67 |
PDN | Paladin Energy | 6.84% | $12.26 |
BMN | Bannerman Energy | 5.41% | $3.90 |
AGE | Alligator Energy | 5.26% | $0.04 |
DYL | Deep Yellow | 5.06% | $1.87 |
EL8 | Elevate Uranium | 4.14% | $0.30 |
AEE | Aura Energy | 4.00% | $0.13 |
NXG | NexGen Energy | 3.67% | $16.96 |
PEN | Peninsula Energy | 0.38% | $0.53 |
By Stephanie Gardner
Gold stocks surge
[12:05 pm] Gold stocks have surged after the gold price jumped more than 2% overnight to above US$4,800/oz.
Ticker | Company | % Chg | Price |
|---|---|---|---|
BGL | Bellevue Gold | 16.93% | $1.83 |
BC8 | Black Cat Syndicate | 12.44% | $1.18 |
OBM | Ora Banda Mining | 12.29% | $1.30 |
SBM | St Barbara | 9.45% | $0.70 |
CMM | Capricorn Metals | 9.28% | $12.25 |
WGX | Westgold Resources | 9.25% | $6.73 |
BMR | Ballymore Resources | 8.82% | $0.19 |
CYL | Catalyst Metals | 8.29% | $6.79 |
GMD | Genesis Minerals | 8.29% | $6.53 |
EVN | Evolution Mining | 7.96% | $13.83 |
PNR | Pantoro Gold | 7.56% | $3.84 |
AMI | Aurelia Metals | 7.41% | $0.29 |
RMS | Ramelius Resources | 7.35% | $4.02 |
EMR | Emerald Resources | 6.92% | $6.18 |
RRL | Regis Resources | 6.64% | $7.31 |
ALK | Alkane Resources | 6.43% | $1.66 |
NST | Northern Star Resources | 6.13% | $23.72 |
VAU | Vault Minerals | 6.06% | $4.47 |
NEM | Newmont Corporation | 5.24% | $172.57 |
RSG | Resolute Mining | 4.53% | $1.50 |
PRU | Perseus Mining | 4.46% | $5.62 |
MEK | Meeka Metals | 1.14% | $0.18 |
By Stephanie Gardner
Real estate stocks broadly higher
[11:52 am] The S&P/ASX 200 Real Estate Index is up 3.37% today as Australia's 10-year government bond yield retreated to 4.896%, a four-week low.
Goodman Group (GMG) leads the charge, up 6.72%, followed by Lendlease (LLC) up 3.94% and Charter Hall (CHC) up 2.91%.
Ticker | Company | % Chg | Price |
|---|---|---|---|
GMG | Goodman Group | 6.72% | $28.02 |
LLC | Lendlease Group | 3.94% | $3.30 |
CHC | Charter Hall Group | 2.91% | $19.28 |
BWP | BWP Trust | 2.07% | $3.71 |
GPT | GPT Group | 2.03% | $4.53 |
SCG | Scentre Group | 1.92% | $3.45 |
MGR | Mirvac Group | 1.86% | $1.76 |
SGP | Stockland | 1.63% | $4.05 |
VCX | Vicinity Centres | 1.46% | $2.43 |
PXA | Pexa Group | 0.29% | $12.27 |
NSR | National Storage REIT | 0.18% | $2.79 |
DXS | Dexus | 0.17% | $5.93 |
RGN | Region Group | 0.00% | $2.25 |
HDN | HomeCo Daily Needs REIT | -0.25% | $1.20 |
By Stephanie Gardner
Bank of Queensland strikes Challenger deal: mixed broker reaction
[11:41 am] BOQ announced a whole-of-loan sale and forward flow arrangement covering its equipment finance portfolio with Challenger, with the street broadly supportive of the capital-light direction but cautious on earnings quality and disclosure.
Brokers are split, with UBS the key bull welcoming the shift toward specialist banking and flagging execution as a potential re-rating catalyst, while JPMorgan stays neutral citing limited disclosure and core business pressure clouding enthusiasm
Capital return structure and timing remain undefined, with brokers divided between buybacks and special dividends, limiting near-term conviction
Sell-side skews bearish with 21% buy, 43% hold and 36% sell, and an average target of $6.33 implying 12.1% downside
Company page: Bank of Queensland (BOQ)
By Stephanie Gardner
Telix Pharmaceuticals Q1: revenue beat lifts guidance confidence
[11:34 am] Telix delivered a stronger than expected Q1, with Precision Medicine outperformance and Gozellix-driven pricing uplift putting the company on track to meet or exceed FY26 guidance.
Revenue came in ahead of expectations, driven by improved product mix and Gozellix uptake supporting higher average pricing in US PSMA imaging, with Illuccix remaining resilient alongside the premium product shift
Management reaffirmed FY26 guidance, with consensus revenue estimates nudging up 0.7% to $965.72m and multiple brokers flagging delivery above guidance as plausible
Pipeline milestones and upcoming regulatory catalysts were cited as additional upside optionality, with reinvestment into growth viewed as the appropriate capital allocation strategy
Sell-side sentiment is unanimously bullish at 100% buy with an average target of $24.82, implying 82.7% upside
Company page: Telix Pharmaceuticals (TLX)
By Stephanie Gardner
Copper stocks broadly higher
[11:20 am] Copper stocks are higher today despite an overnight session that saw copper close down 0.17% at US$5.63/lb, recovering from a deeper intraday dip of 1.17%.
The S&P/ASX 200 Materials Index is currently up 4.85%.
Ticker | Company | % Chg | Price |
|---|---|---|---|
HCH | Hot Chili | 18.04% | $1.51 |
FFM | Firefly Metals | 14.87% | $1.97 |
SFR | Sandfire Resources | 9.56% | $18.10 |
CSC | Capstone Copper | 8.68% | $12.40 |
MC2 | Marimaca Copper | 8.31% | $9.25 |
29M | 29Metals | 6.11% | $0.38 |
AR1 | Austral Resources Australia | 6.10% | $0.09 |
TAR | Taruga Minerals | 5.56% | $0.02 |
HGO | Hillgrove Resources | 5.56% | $0.04 |
AIS | Aeris Resources | 5.06% | $0.42 |
BHP | BHP Group | 4.52% | $55.31 |
CYM | Cyprium Metals | 4.05% | $0.39 |
By Stephanie Gardner
Tech stocks surge
[11:09 am] The S&P/ASX 200 Information Technology Index is up 5.48%, well ahead of a flat NASDAQ overnight (+0.10%), with the rally largely domestically driven.
Catapult Sports (CAT), SiteMinder (SDR) and Audinate Group (AD8) lead the charge, up 12.22%, 11.61% and 11.35%, while Wisetech Global (WTC) and Xero (XRO) are up 7.46% and 4.27% respectively.
Ticker | Company | % Chg | Price |
|---|---|---|---|
CAT | Catapult Sports | 12.22% | $3.54 |
SDR | SiteMinder | 11.61% | $3.13 |
AD8 | Audinate Group | 11.35% | $2.80 |
360 | Life360 | 9.87% | $21.27 |
PME | Pro Medicus | 8.03% | $131.78 |
WTC | Wisetech Global | 7.46% | $42.08 |
TNE | Technology One | 5.44% | $29.06 |
WBT | Weebit Nano | 5.16% | $3.67 |
MP1 | Megaport | 5.13% | $7.48 |
CDA | Codan | 5.04% | $34.81 |
XRO | Xero | 4.27% | $78.57 |
NXL | Nuix | 3.87% | $1.26 |
DGT | Digico Infrastructure REIT | 3.51% | $1.77 |
OCL | Objective Corporation | 3.41% | $11.82 |
BVS | Bravura Solutions | 3.34% | $2.01 |
IRE | Iress | 3.20% | $7.10 |
DDR | Dicker Data | 3.13% | $8.89 |
MAQ | Macquarie Technology Group | 3.03% | $66.38 |
DTL | Data#3 | 1.86% | $6.85 |
NXT | NEXTDC | 1.79% | $12.83 |
HSN | Hansen Technologies | 1.66% | $4.91 |
PPS | Praemium | 1.49% | $0.68 |
ELS | Elsight | 1.18% | $6.85 |
By Stephanie Gardner
Guzman y Gomez Q3: Australia beats, US disappoints
[10:56 am] GYG delivered a stronger than expected Q3, driven by Australian same-store sales growth, with management reiterating its rollout and margin outlook.
Australian same-store sales beat expectations with volume, not price, driving the result, supported by value messaging, mini offers and the Uber Eats delivery partnership
The US remains the key drag, with sales improving from Q2 but still lagging expectations as the delivery transition and low brand awareness continue to weigh
Sell-side sits 62% buy with an average target of $23.03, implying 27.8% upside; shares are up 18.6% yesterday and a further 9.2% today
Company page: Guzman y Gomez (GYG)
By Stephanie Gardner
Energy stocks dip
[10:42 am] The S&P/ASX 200 Energy Index is the worst performing sector today, down 7.68%, after WTI crude futures dropped more than 15% to below $95 per barrel following President Trump's announcement of a two-week delay to threatened strikes on Iran, framed as a "double-sided ceasefire" contingent on Iran reopening the Strait of Hormuz.
Ticker | Company | % Chg | Price |
|---|---|---|---|
BRK | Brookside Energy | -15.87% | $0.53 |
KAR | Karoon Energy | -12.16% | $1.92 |
WDS | Woodside Energy Group | -10.70% | $31.97 |
VEA | Viva Energy Group | -8.90% | $2.41 |
YAL | Yancoal Australia | -8.61% | $7.54 |
NHC | New Hope Corporation | -8.21% | $5.37 |
BPT | Beach Energy | -6.92% | $1.21 |
CUE | Cue Energy Resources | -6.45% | $0.15 |
STO | Santos | -5.81% | $7.62 |
WHC | Whitehaven Coal | -4.86% | $8.61 |
ALD | Ampol | -3.68% | $32.20 |
By Stephanie Gardner
Top ASX 200 gainers and losers
[10:33 am] Here are today's top gainers and losers on the S&P/ASX 200.
DroneShield (DRO) is the worst performer on the day, down 14%, after announcing CEO Oleg Vornik's departure despite a strong March quarter result reported earlier this morning.
Ticker | Company | % Chg | Price |
|---|---|---|---|
BGL | Bellevue Gold | 15.65% | $1.81 |
VGN | Virgin Australia | 14.35% | $2.63 |
GGP | Greatland Resources | 13.47% | $15.16 |
ZIP | Zip Co | 11.38% | $1.86 |
WGX | Westgold Resources | 10.39% | $6.80 |
OBM | Ora Banda Mining | 9.96% | $1.27 |
CMM | Capricorn Metals | 9.37% | $12.26 |
LOV | Lovisa | 9.29% | $23.41 |
HUB | HUB24 | 9.17% | $89.51 |
GDG | Generation Development Group | 9.07% | $4.45 |
Ticker | Company | % Chg | Price |
|---|---|---|---|
DRO | DroneShield | -14.04% | $3.43 |
WDS | Woodside Energy Group | -10.25% | $32.13 |
YAL | Yancoal Australia | -8.61% | $7.54 |
VEA | Viva Energy Group | -8.52% | $2.42 |
NHC | New Hope Corporation | -8.12% | $5.38 |
BPT | Beach Energy | -7.31% | $1.21 |
STO | Santos | -6.06% | $7.60 |
WHC | Whitehaven Coal | -5.75% | $8.53 |
ALD | Ampol | -4.37% | $31.97 |
MEZ | Meridian Energy | -2.59% | $4.52 |
By Stephanie Gardner
ASX 200 jumps 2.65% as Iran ceasefire hopes lift sentiment
[10:14 am] The ASX 200 has opened sharply higher this morning, up 2.65% to 8,960 from a previous close of 8,728, with 8 of 11 sectors trading in the green.
Information Technology leads the charge, up 4.84%, followed by Materials up 4.30% and Real Estate up 3.89%. Discretionary and Financials are also performing strongly, up 3.68% and 3.35% respectively, while Health Care, Industrials and Telcos round out the winners with more modest gains. On the downside, Staples and Utilities are both in the red, down 0.37% and 1.93%, while Energy is the notable laggard, off 7.52%.
S&P/ASX 200 sectors (Source: Market Index)
By Stephanie Gardner
Ramelius Resources Q3: weather-hit quarter but guidance intact
[9:57 am] Ramelius Resources reported a weaker Q3 due to rainfall, haul road disruptions and a planned mill shutdown, with the street treating the miss as a timing issue and FY26 guidance reaffirmed.
Heavy rainfall and haul road disruptions delayed high-grade ore deliveries into Mt Magnet, with a planned mill shutdown compounding the impact, though management flagged a stronger Q4 from improved ore availability across Dalgaranga, Penny, Cue and Never Never
Cash generation held up better than the production result implied, with buyback activity reinforcing confidence in the underlying free cash flow profile
Diesel costs remain the key swing factor on AISC into H2, with brokers flagging elevated cost pressure risk despite management noting fuel supply had not affected Mt Magnet
Sell-side remains constructive with 92% buy ratings and an average target of $5.67, implying 51.7% upside
Company page: Ramelius Resources (RMS)
Stephanie Gardner
DroneShield reshuffles leadership as revenue momentum accelerates
[9:36 am]
DroneShield (DRO) has unveiled a leadership transition, with CEO Oleg Vornik stepping down after more than a decade and Chief Product Officer Angus Bean appointed to lead the next phase of growth.
The changes come alongside strong trading momentum, with March quarter revenue of $63 million and record customer cash receipts of $77 million, up sharply year-on-year.
With $140 million in committed revenue already booked early in FY26, the company is entering the year with significant visibility as demand for counter-drone technology continues to build.
Pro Medicus lands $23m contract with Maryland health system
[9:34 am]
Pro Medicus (PME) has secured a 5-year, $23 million contract with the University of Maryland Medical System, expanding its footprint in the US healthcare market.
The deal will see its Visage 7 imaging platform deployed via the cloud across the network, using a transaction-based model that offers potential upside beyond the base contract value.
Implementation is set to begin immediately, with rollout targeted for early 2027, as demand for cloud-based imaging continues to accelerate amid radiologist shortages.
Strong quarter for Greatland as output and cash surge
[9:33 am]
Greatland Resources (GGP) delivered a solid March quarter, producing 82,723oz of gold alongside copper output, with year-to-date production nearing 250koz.
Cash generation was the defining feature, with the company adding $260 million over the period to finish with $1.208 billion and no debt, even after tax payments and investment.
The business remains leveraged to gold prices, while operational risks appear contained, with secure fuel supply, gas-powered processing, and more than 12 months of stockpiles underpinning stability.
Bellevue hits record cash flow as grades lift
[9:31 am]
Bellevue Gold (BGL) delivered March quarter production of ~41koz, supported by higher grades, and remains on track to meet FY26 guidance.
The key highlight was a surge in underlying free cash flow to a record ~$158 million, up sharply from $62 million in the prior quarter, driven by improved mining performance and strong margins.
Cash and gold on hand rose to $181 million, while forward sales commitments were cut, increasing exposure to spot prices. Management also highlighted low diesel exposure, with ~90% of power sourced from renewables.
Regis builds war chest as cash and bullion hit $1.13bn
[9:30 am]
Regis Resources (RRL) reported March quarter gold production of 90.6koz, taking FY26 year-to-date output to 277.5koz, broadly tracking guidance.
The standout was the balance sheet, with cash and bullion rising by $198 million over the quarter to $1.128 billion, despite a $92 million tax payment.
Operations at Duketon and Tropicana remain on track, with no disruption to fuel supply despite broader uncertainty. Management said it continues to monitor costs and supply chains closely ahead of its full quarterly release later this month.
Iran agrees to two-week ceasefire amid tentative negotiations
[9:20 am]
Iran’s Supreme National Security Council has agreed to a two-week ceasefire in its conflict with the US and Israel.
The move follows comments from Trump, who said he had received a 10-point proposal from Iran and was open to negotiations.
Details of the proposal remain unclear, including whether it addresses the reopening of the Strait of Hormuz - a key condition outlined by Trump in recent threats.
Trump delays Iran strikes, flags path to ceasefire
[9:19 am]
Donald Trump says he will delay planned strikes on Iran for two weeks, describing the move as a “two-sided ceasefire.”
In a post on Truth Social, Trump said the decision followed discussions with Pakistan’s leadership and a request to pause military action. The delay is conditional on Iran reopening the Strait of Hormuz immediately and safely.
Trump added that the US has already achieved its key military objectives and is progressing towards a longer-term peace agreement in the Middle East. He also confirmed receiving a 10-point proposal from Iran, which he said provides a credible foundation for negotiations.
With Trump's deadline approaching, here's what you need to know
[8:35 am]
President Trump escalated his warnings toward Iran overnight, cautioning that “an entire civilisation could be wiped out tonight” if an agreement is not reached
If the deadline (10 am today, AEST) arrives without a deal, Trump warned there would be a four-hour destructive blitz on civilian infrastructure, including power plants and bridges.
In Iran, civilians have started to form human chains at bridges and power plants in protest of potential US and Israeli attacks.
Traders remained hopeful that a proposal brokered by Pakistan may result in an eleventh-hour deal between the US and Iran
Pakistan’s Prime Minister asked Trump to postpone for two weeks the deadline to attack Iran’s power plants and bridges.
Pakistan also requested Iran to open the Strait of Hormuz for two weeks “as a goodwill gesture.”
The White House says it will address Pakistan’s request, with press secretary Karoline Leavitt confirming a response will be forthcoming
Good morning!
[8:32 am]
ASX 200 futures are up 13 pts (+0.14%) as of 8:30 am AEDT.
In a nutshell:
US markets were in a holding pattern overnight, awaiting news at Trump's deadline (10 am, AEST)
All of the Dow, S&P 500 and Nasdaq closed less than 0.2% from their opening
Pakistan’s Prime Minister asked Trump to postpone for two weeks the deadline to attack Iran’s power plants and bridges.
Pakistan also requested Iran to open the Strait of Hormuz for two weeks “as a goodwill gesture.”
