25 November 2025

The Australia 200 trades 10 points (-0.11%) lower at 8515 as of 2.45pm AEDT

Early rally fades after strong start

The Australia 200 (ASX 200) started today’s session with the intent to extend yesterday’s strong rally and build on another firm performance on Wall Street overnight.

It quickly added 47 points (+0.55%) to an intraday high of 8572.6. However, follow-through buying failed to materialise and the market steadily retraced, finding support near the 200-day moving average (MA) at 8508.

The lack of follow-through buying today is not entirely surprising. Since mid-September, strong Monday gains on Wall Street have frequently been followed by softer price action through the remainder of the week - a trend that the local market has become attuned to.

The cautious sentiment has been amplified by uncertainty ahead of tomorrow’s monthly inflation update, which is expected to see headline inflation rise to 3.6% in October and 2.9% year-on-year (YoY) for the trimmed mean.

ASX 200 stocks

Financial sector

The heavyweight ASX 200 financials sector is down an astonishing 7.58% month-to-date (MTD), on track for its worst monthly decline since July 2022.

• Bendigo & Adelaide Bank plunged 9.18% to $9.99 before recovering to trade 6.5% lower at $10.29. This drop followed news of significant flaws in its efforts to detect and prevent money laundering and terrorism financing, breaking one of the key tenets of the banking and finance industry.
• Commonwealth Bank of Australia lost 1.35% to $152.87
• National Australia Bank slipped 1.03% to $40.25
• Westpac fell 0.67% to $37.73
• Australia and New Zealand Banking Group dropped 0.43% to $34.79.

Healthcare sector

• Ramsay Health Care soared 11.69% to $35.64 after reporting a 6.5% increase in first-quarter (Q1) revenue and a 5.8% rise in underlying earnings before interest and tax (EBIT).

Materials sector

The major miners gained ground as the price of iron ore futures rose 0.83% to $105.90 during the Asian trading session.

• Rio Tinto lifted 2.37% to $132.36
• Fortescue gained 2.10% to $20.91
• BHP climbed 0.75% to $40.93.

Technology sector

The ASX 200 information technology sector, which was down over 18% MTD at last week’s low, found support from the Nasdaq 100 futures’ outperformance overnight.

• Life360 surged 6.36% to $41.60
• Megaport added 4.25% to $14.00
• Zip rose 1.68% to $3.02
• TechnologyOne gained 1.23% to $30.41.

Travel stocks

• Webjet jumped 8.38% to $4.33 after reporting a 22% lift in total transaction value for the first half (H1) of financial year (FY) 2026, reaching a record of $3.17 billion, along with a 17% jump in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to a record of $81.7 million.

ASX 200 technical analysis

Monday’s robust rally back above the 200-day MA leaves Friday’s 8362 low as a strong candidate to be the bottom of the correction from the late October high of 9115 and sets the stage for a stronger rebound. Initial targets are short-term resistance at around 8630 - 8650, followed by 8730 - 8750.

Be aware that if the ASX 200 first loses the support of the 200-day MA and then falls below Friday’s 8362 low, it leaves the ASX 200 vulnerable to a test of 8200, which would mark a 10% correction from its October 9115 high.

ASX 200 daily chart

• _{Source: TradingView. The figures stated are as of  November 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.}