Sunday 30th November 2025
Daily Market Update: 28 November 2025
Australian market outlook
The S&P/ASX 200 index rose 10.8 points to close at 8,617.3, gaining 0.1 per cent, continuing a third straight session higher. The rise came despite a brief dip into negative territory in a thinly traded market ahead of the US Thanksgiving holiday. The rebound was bolstered by a strong finish on Wall Street overnight and optimism that the US Federal Reserve may cut interest rates soon.
Sector and stock movements
Tech names led the gains, with Xero (ASX: XRO) up 2.3 per cent, Life360 (NASDAQ: LIFC) rising 1.1 per cent (taking its five‑day gain past 13 per cent), and WiseTech (ASX: WTC) surging 6.9 per cent after appointing a new board member. Gold‑miners benefited from a jump in the spot price of gold overnight, boosting Newmont (NYSE: NEM) by 1.9 per cent, Evolution Mining (ASX: EVN) by 2.2 per cent and Bellevue Gold (ASX: BGL) by 3.2 per cent as it restarted development in a high‑grade zone. Meanwhile, energy stocks dragged as oil prices declined, Woodside (ASX: WPL) fell 1 per cent and Santos (ASX: STO) dropped 1.8 per cent, and iron‑ore majors reversed earlier gains with Fortescue Metals Group (ASX: FMG) down 0.9 per cent and Rio Tinto (ASX: RIO) off 1.4 per cent. Among other movers: Suncorp (ASX: SUN) and QBE (ASX: QBE) both dropped (1.9 per cent and 3.7 per cent respectively) on storm‑related insurance losses; Reece (ASX: REH) gained 4 per cent after announcing a share buyback; NRW Holdings (ASX: NWH) rose 3.5 per cent after upgrading guidance; Megaport (ASX: MP1) added 1.1 per cent after completing an acquisition; The Lottery Corporation (ASX: TLC) edged up 0.7 per cent after appointing a new CEO; and DroneShield (ASX: DRON) fell 7.8 per cent after recent strong gains.
Global markets context
In the United States, the market was closed due to Thanksgiving.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | 0.1 | 0.8 | -4.5 | -2.8 | 5.3 |
| Financials | 0.1 | 0.0 | -6.4 | -5.3 | 4.0 |
| Resources | -0.2 | -0.1 | 0.8 | 8.9 | 24.7 |
| Information Technology | 1.4 | 0.8 | -12.0 | -14.3 | -7.3 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.8 | 3.6 | -0.1 | 5.0 | 14.5 |
| Europe | 0.2 | 1.9 | 0.0 | 2.9 | 26.8 |
| Japan | 1.7 | -0.6 | 4.5 | 23.8 | |
| China top 50 | -0.7 | 0.0 | -3.1 | 2.2 | 35.6 |
| India top 50 | 0.0 | -0.9 | 0.7 | 3.0 | 2.7 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | 0.1 | -0.2 | -1.5 | -0.2 | 3.7 |
| Australian Corporate Bond | 0.0 | -0.2 | -1.3 | -0.1 | 4.5 |
| US Treasury | -0.1 | 0.8 | 0.3 | 2.1 | 5.0 |
| Cash | 0.0 | 0.1 | 0.3 | 0.9 | 4.1 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | -0.8 | 0.7 | 4.9 | 22.0 | 55.8 |
| Silver | 1.2 | 2.7 | 11.5 | 36.7 | 73.4 |
| Crude Oil | 0.6 | -1.8 | -5.2 | -7.9 | -4.1 |
| Bitcoin | 4.4 | 0.4 | -20.7 | -19.4 | -5.3 |
