Australian shares edged higher on Monday as a broad rally in miners outweighed losses in the big banks, led by ANZ after its full-year results. Across the Tasman, the NZX 50 slipped as investors weighed a cliffhanger general election that has left the shape of the next government unresolved.
MoneyTurkey Foreign Markets Desk | 9 November 2026
Key points
- The S&P/ASX 200 was up 0.36% at 9,053.5 at about 3:45pm Sydney time, from Friday’s close of 9,020.8, after trading below 9,000 around midday.
- BHP rose 2.92% to A$59.30 (about US$40.87); ANZ fell 3.62% to A$38.88 (about US$26.80).
- New Zealand’s NZX 50 closed down 0.18% at 13,973.62.
What happened in Sydney
The benchmark spent much of the session in the red. It was down about 0.4% at 8,981.5 at 12:30pm Sydney time, with just two of 11 sectors higher, the Australian Financial Review reported, before miners pulled it back above Friday’s close in the afternoon.
Materials did the heavy lifting. Rio Tinto gained 2.04% to A$152.99 (about US$105.44) and BHP firmed as copper prices rebounded for a second session, AAP reported. Uranium producers led the gainers’ list, with Paladin Energy up 11.4% to A$8.31 (about US$5.73).
Banks were the main drag. ANZ, which reported a full-year profit of A$7.3 billion (about US$5.0 billion), according to the ABC, reversed early gains as investors went through the detail. Commonwealth Bank slipped 0.98% to A$165.87 (about US$114.32).
New Zealand after the vote
Saturday’s general election produced no clear winner. Preliminary results give Prime Minister Christopher Luxon’s National Party 42 seats and Labour 36, with National, ACT and New Zealand First on a combined 67 of a projected 131 seats, Reuters and RNZ reported. Special votes are still to be counted, and the Electoral Commission expects to publish official results on 27 November.
The NZX 50 eased 0.18% in the first session since the vote. The New Zealand dollar was little changed at 0.5592 US dollars, while the Australian dollar fell 0.56% to 0.6892 US dollars, lifting the kiwi 0.47% against the Aussie to 0.8109 Australian dollars.
What to watch
- The special-vote count and any coalition talks in Wellington before official results on 27 November
- Whether copper’s rebound holds for BHP, Rio Tinto and the wider materials sector
- Further bank reporting and how investors read ANZ’s results
For information only. Not investment advice.
Sources
- Yahoo Finance market data (index, stock and currency quotes, about 04:45 to 05:05 London time): finance.yahoo.com
- Australian Financial Review, on the midday market: afr.com
- AAP, on miners and copper: aapnews.aap.com.au
- ABC News, on ANZ’s results and the session: abc.net.au
- Reuters, on New Zealand’s election: reuters.com
- RNZ, preliminary election results: rnz.co.nz
- New Zealand Electoral Commission: electionresults.govt.nz
