Stock Markets March 17, 2026 01:35 AM

ASX Edges Higher as Mining and Materials Stocks Lead Gains

S&P/ASX 200 climbs 0.36% with Telix Pharmaceuticals among top risers; Temple & Webster hits 52-week low

By Ajmal Hussain
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TLX NHC

Australian equities closed higher on Tuesday, driven by advances in the Gold, Metals & Mining and Materials sectors. The S&P/ASX 200 finished up 0.36%, with Telix Pharmaceuticals, Westgold Resources and Genesis Minerals among the top performers. Retail and coal-linked names underperformed, while volatility eased and commodities prices moved higher.

ASX Edges Higher as Mining and Materials Stocks Lead Gains
TLX NHC
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Key Points

  • S&P/ASX 200 closed up 0.36%, led by gains in Gold, Metals & Mining and Materials sectors.
  • Top risers included Telix Pharmaceuticals (ASX:TLX), Westgold Resources (ASX:WGX) and Genesis Minerals (ASX:GMD); major decliners included Temple & Webster (ASX:TPW), New Hope (ASX:NHC) and Yancoal (ASX:YAL).
  • Volatility eased as the S&P/ASX 200 VIX fell 10.11% to 15.86; gold and oil prices moved higher during the session.

Australian stocks finished the trading day with modest gains on Tuesday, as strength in gold and broader materials industries helped lift the benchmark index.

At the close in Sydney, the S&P/ASX 200 rose 0.36%.

Top movers

  • Telix Pharmaceuticals Ltd (ASX:TLX) led gains on the index, rising 6.56% or 0.72 points to close at 11.70.
  • Westgold Resources Ltd (ASX:WGX) added 4.87% or 0.29 points to finish at 6.24.
  • Genesis Minerals Ltd (ASX:GMD) was up 4.01% or 0.24 points to 6.23 in late trade.

Largest decliners

  • Temple & Webster Group Ltd (ASX:TPW) fell 7.59% or 0.53 points to end at 6.45, dropping to 52-week lows.
  • New Hope Corporation Ltd (ASX:NHC) declined 6.42% or 0.34 points to close at 4.96.
  • Yancoal Australia Ltd (ASX:YAL) lost 4.90% or 0.39 points to finish at 7.57.

Market breadth on the Sydney exchange was positive: 623 stocks rose, 530 fell and 397 were unchanged.

Volatility and sentiment

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, declined 10.11% to 15.86, signaling lower implied market volatility at the close.

Commodities and energy

Precious metals and energy contracts moved higher during the session. Gold Futures for April delivery were up 0.76% or 38.00 to $5,040.20 a troy ounce. In oil markets, Crude oil for delivery in May rose 2.50% or 2.31 to $94.77 a barrel, while the May Brent contract advanced 2.50% or 2.51 to trade at $102.72 a barrel.

Currency and US dollar

In FX markets, AUD/USD was unchanged 0.20% to 0.71, while AUD/JPY rose 0.28% to 112.86. The US Dollar Index Futures was up 0.19% at 99.66.

Market implications

The session’s gains were concentrated in sectors tied to raw materials and precious metals, supporting miners and related names. Conversely, retail and coal-linked stocks were among the weakest performers, with several names posting notable declines. Volatility measures moderated as option-implied risk fell.


Note: Some stocks posted significant single-session moves that affected sector performance; individual company fundamentals were not detailed in this report.

Risks

  • Individual stocks can experience steep single-session moves, as seen with Temple & Webster falling 7.59% to a 52-week low - risk to retail sector sentiment.
  • Declines in coal-linked names such as New Hope (ASX:NHC) and Yancoal (ASX:YAL) suggest sector-specific downside risk affecting energy and resources exposure.
  • Commodity price volatility remains a factor - while gold and oil rose in the session, such swings can quickly alter market leadership and sector returns.

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