Wednesday 19th November 2025
Daily Market Update: 20 November 2025
Selloff deepens, but light in the materials sector, Northern Star (ASX:NST), BHP (ASX:BHP) rally, and Droneshield (ASX:DRO) tanks
The local market posted another loss, deepening the correction to date, falling 0.2 per cent on Wednesday. While the headlines were poor, five of the 11 sectors finished higher, led by materials, as both gold and iron miners were winners. BHP (ASX:BHP) rallied strongly, adding 1 per cent, while Northern Star (ASX:NST) managed a near 3 per cent gain as investors once again big the gold price higher amid growing uncertainty and poor sentiment towards market valuations. The mess at Droneshield (ASX:DRO) continues, with the share price sinking another 17 per cent, taking losses to more than 45 per cent just in the last month. This time the driver was the unexpected and immediate departure of US CEO Matt McCrann from the business with no warning.
KMD Brands (ASX:KMD) surge on Kathmandu, WebJet (ASX:WEB) delivers weak result, but Helloworld (ASX:HLO) lobs bid
The owner of Rip Curl and Kathmandu brands, KMD Brands (ASX:KMD) had a strong session, turning the corner for the retail sector, with shares gaining more than 5 per cent on a better than expected update. The firm reported 7.9 per cent same store sales growth for the quarter, driven by Rip Curl, which grew 6.6 per cent and a massive jump in sales of Kathmandu clothing, which was up 13.9 per cent. Shares in Webjet (ASX:WEB) were likely flat after the company reported another 1 per cent drop in revenue, but a 16 per cent increase in profit to $7.8 million. Struggling under weaker bookings and increasing competition, the share price rallied 17 per cent after competitor Helloworld (ASX:HLO) lobbed a 90 cent per share bid during the session.
Markets rally as NVIDIA (NYSE:NVDA) result nears, US job data cancelled for October, rate cut hopes take a hit
It was a positive day for markets ahead of the long anticipated NVIDIA (NYSE:NVDA) result, with shares in the chip maker gaining more than 2 per cent, and pushing the Nasdaq to a 0.6 per cent gain. The Dow Jones gained 0.1 per cent and the S&P500 added 0.4 per cent. It was bad news for those betting on a rate cut, as the US government will not release the October jobs report after a long delay. Shares in Alphabet (NYSE:GOOGL) posted a solid gain on reviews of its latest Gemini AI model. Adobe (NYSE:ADBE) fell more than 2 per cent, as the company announced it had agreed to buy marketing software company Semrush, for US$1.9 billion, as it seeks to diversify amid growing pressure against its key business line. Target (NYSE:TGT) saw its weak sales continue to fall in the third quarter, amid growing competition and a weakening economy.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | -0.3 | -3.9 | -5.8 | -3.8 | 4.7 |
| Financials | -1.2 | -4.1 | -5.3 | -3.5 | 5.0 |
| Resources | 1.0 | -3.2 | -2.4 | 9.1 | 21.4 |
| Information Technology | -1.5 | -8.1 | -14.6 | -19.5 | -10.4 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.4 | -2.6 | -0.7 | 3.1 | 13.1 |
| Europe | -0.9 | -3.2 | -1.4 | 0.3 | 25.4 |
| Japan | -0.7 | -3.1 | -0.5 | 0.4 | 22.4 |
| China top 50 | -0.5 | -3.4 | 0.8 | 2.3 | 32.2 |
| India top 50 | -0.1 | 0.7 | 0.1 | 0.4 | 3.2 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.1 | -0.1 | -1.4 | 0.2 | 5.2 |
| Australian Corporate Bond | 0.0 | -0.1 | -1.2 | 0.3 | 5.9 |
| US Treasury | 0.1 | -0.2 | -0.8 | 1.8 | 4.8 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 4.1 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 1.5 | -1.0 | -3.9 | 21.2 | 53.2 |
| Silver | 2.6 | -1.6 | -7.1 | 31.5 | 62.2 |
| Crude Oil | 2.1 | 3.8 | 6.5 | 0.1 | 0.4 |
| Bitcoin | 1.6 | -11.0 | -14.3 | -21.2 | -5.4 |
