Weekly: XJO Slips 0.73% as Miners & Lithium Collapse Offset Consumer Staples Strength
Australian Market –The $S&P/ASX 200(XJO.AU)$ declined 0.73% to 8,764.2, as a brutal selloff in miners and lithium producers offset strong gains in consumer staples, gaming, and building materials.
Sectors: Construction Materials (+7.97%), Diversified Real Estate Activities (+7.76%), Specialized Consumer Services (+7.26%).
10 Popular Stocks:
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$JAMES HARDIE INDUSTRIES-CDI(JHX.AU)$ +8.73% — Surged on North American housing demand recovery and fibre cement pricing power.
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$ARISTOCRAT LEISURE LTD(ALL.AU)$ +6.81% — Advanced on resilient casino capex and digital gaming momentum.
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$WESFARMERS LTD(WES.AU)$ +5.81% — Climbed on Bunnings and Kmart trading strength.
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$WOOLWORTHS GROUP LTD(WOW.AU)$ +5.01% — Rose on defensive positioning and resilient grocery demand.
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$AMCOR PLC-CDI(AMC.AU)$ +5.08% — Gained on consumer staples resilience and sustainability packaging partnerships.
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$Rio Tinto Ltd(RIO.AU)$ -2.1% — Declined on Pilbara iron ore shipment concerns and copper profit-taking.
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$FORTESCUE LTD(FMG.AU)$ -3.44% — Fell on China property-sector weakness and falling 62% Fe prices.
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$BHP GROUP LTD(BHP.AU)$ -3.93% — Pulled back as copper profit-taking intensified and iron ore faced Chinese steel-demand headwinds.
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$SOUTH32 LTD(S32.AU)$ -5.33% — Slumped on manganese and aluminum price weakness.
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$PLS Group Ltd(PLS.AU)$ -14.29% — Collapsed on lithium oversupply fears and plunging carbonate prices as Chinese EV demand slowed.
Performance is subjected to market volatility
XJO AU market macro ahead June 29th to July 4th:
U.S. nonfarm payrolls & RBA meeting minutes to drive resource and banking stocks
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June 30: RBA June Monetary Policy Meeting Minutes, ANZ Consumer Confidence Index
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Key external catalysts for the full week: U.S. June nonfarm payrolls, tighter global liquidity amid the Independence Day holiday
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Domestic seasonal factor: June 30 marks Australia’s financial year-end, bringing market volatility driven by year-end portfolio rebalancing and position rotation
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