Mid-Market: S&P/ASX 200 Trading Higher; Gold And Copper Stocks Rallied

Source: Kapitales Research

On 13 January 2026, at AEDT 12:45 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 87.30 points or 1.00%, and is currently trading at 8,846.40 levels. Out of 11, 8 sectors are trading higher along with the gain in the S&P/ASX 200.

The Materials and Financials sectors are the top 2 gaining sectors, gaining 2.04% and 0.90% in their index values. On the other hand, Energy and Utilities sectors are the top 2 declining sectors, declining 0.90% and 0.70% in their index values.

Iluka Resources Limited (ASX: ILU) and Austal Limited (ASX: ASB) are the top-gaining stocks, gaining 5.802% and 4.278% in their stock prices. On the other hand, GQG Partners Inc. (ASX: GQG) and Zip Co Limited (ASX: ZIP) are the top-losing stocks and are declining by 6.686% and 6.198% in their stock prices.

Factors influencing the market-

• The Australian share market is poised for its strongest session in three weeks on Tuesday, as sustained geopolitical instability and an inquiry involving Federal Reserve Chair Jerome Powell have driven metals prices higher.
• The materials sector rose by more than 2%, with spot gold surging toward US$4,600 as investors absorbed reports of a US Department of Justice investigation involving Jerome Powell. Copper prices also approached record levels, supported by a softer US dollar and ongoing supply constraints.
• Endeavour Group Limited’s shares saw a 3.5% decline after its projected pre-tax profit of $400 million to $411 million fell 7.5% short of analysts’ expectations, with significant discounting impacting sales.
• Fletcher Building rose by 0.6% after reporting a slight increase in key product sales volumes for the December quarter. However, the company cautioned that this improvement is insufficient to counterbalance earlier declines, with a significant recovery not anticipated until 2027.
• The Dow Jones closed up by 0.17%, S&P 500 gained by 0.16% and Nasdaq was up by 0.26% in the previous session.
• Hang Seng is up by 1.67%, and FTSE 100 is up by 0.16%.

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