Strong energy stocks and Wall Street gains lift ASX 200

The Australia 200 trades 26 points (0.30%) higher at 8879 as of 2.00pm AEST.

ASX 200 rises on Wall Street momentum

The Australia 200 (ASX 200) gained 35 points in early trading today to a high of 8888, taking its lead from a positive night on Wall Street. However, the local market's gains were contained due to a lack of follow-through buying, ahead of a busy week of central bank interest rate meetings and an update on the labour market here in Australia.

ASX 200 stocks

Energy sector

The energy sector gained for a second session as Ukrainian drone strikes on Russian oil infrastructure continued overnight, heightening fears of supply disruptions from Russia. A weaker United States (US) dollar, driven by expectations of a Federal Reserve (Fed) rate cut this week, further bolstered the crude oil price.

• Beach Energy gained 1.70% to $1.19
• Viva Energy rose 1.27% to $1.99
• Ampol increased 1.23% to $30.33.

Gold stocks

Gold hit a fresh record high today of $3689, about $40 above its level this time yesterday. Its gains came as US yields and the US dollar eased ahead of the expected resumption of Fed rate cuts on Thursday morning. 

• Regis Resources increased 1.62% to $5.65
• Perseus Mining rose 1.55% to $4.26
• Northern Star gained 0.80% to $20.96
• Resolute Mining advanced 0.58% to $0.86.

Health care sector

The Achilles' heel of the local market remains the ASX 200 health care sector, which slipped lower again today, retesting its April lows.

• Primary Health Care fell 2.83% to $0.77
• CSL declined 1.74% to $200.92
• Sonic Healthcare dropped 0.67% to $22.37.

Materials sector

Last week, the iron ore price increased 1% to settle at $105.70, its highest close since February 2025. The gains reflect resumed steel production in China following pollution-related restrictions for a military parade, along with tighter global supplies from major exporters like Australia and Brazil.

• Mineral Resources lifted 2.66% to $39.70
• Rio Tinto gained 1.72% to $117.29
• Fortescue Metals Group rose 1.45% to $19.18
• BHP added 1.03% to $41.00.

Uranium stocks

Uranium stocks surged on reports that the US is looking to boost its national strategic uranium stockpiles. 

• Bannerman Energy jumped 10.7% to $3.72
• Deep Yellow surged 7.09% to $2.04
• Boss Resources gained 6.23% to $1.96
• Silex Systems rose 5.86% to $4.25.

ASX 200 technical analysis

The heavy fall in the ASX 200 at the start of this month and the subsequent sideways price action has helped work off overbought readings. Ideally, we would like to see the current pullback extend into the 8630 – 8600 support band, which would account for a neat 5% pullback from the 9054.5 record high.

However, should the ASX 200 first reclaim resistance at 8880 – 8900ish, it would be an initial indication that the correction is complete at the recent 8731 low, and the uptrend has resumed.

ASX 200 daily chart

• _{Source: TradingView. The figures stated are as of  16 September 2025. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.}