Stock Markets February 26, 2026

Australian equities climb as S&P/ASX 200 closes at record high

IT, consumer staples and telecoms sectors drive gains while select large caps post steep swings

By Hana Yamamoto TLX WOR
Australian equities climb as S&P/ASX 200 closes at record high
TLX WOR

Australian shares finished higher on Thursday, with the S&P/ASX 200 advancing 0.51% to reach a fresh all-time high. Information technology, consumer staples and telecoms services led the market, while individual large-cap stocks saw pronounced moves in both directions. Trading breadth was modestly positive, and volatility and commodity benchmarks showed small shifts by the close.

Key Points

  • S&P/ASX 200 rose 0.51% to a new all-time high, led by gains in IT, consumer staples and telecoms services.
  • Top gainers included Megaport (MP1), Telix Pharmaceuticals (TLX) and Ramsay Health Care (RHC); top decliners included Worley (WOR), Yancoal (YAL) and Qantas (QAN).
  • Market breadth was modestly positive with 619 advancers, 573 decliners and 363 unchanged; volatility and major commodity and currency benchmarks moved only marginally.

Australian equities ended the trading day on a positive note on Thursday, with the S&P/ASX 200 rising 0.51% to close at a new record. Sector strength was concentrated in information technology, consumer staples and telecoms services, which collectively helped lift the benchmark into fresh highs at the Sydney close.

The session’s largest percentage winners on the S&P/ASX 200 included Megaport Ltd (ASX:MP1), which climbed 13.58% - up 1.10 points to finish at 9.20. Biotech-linked Telix Pharmaceuticals Ltd (ASX:TLX) added 11.09% - gaining 1.02 points to end the day at 10.22. Health care group Ramsay Health Care Ltd (ASX:RHC) recorded a 10.09% advance - up 3.85 points to 42.02 in late trade.

At the same time, a number of prominent names posted notable declines. Worley Ltd (ASX:WOR) fell 9.89% - a decrease of 1.29 points to close at 11.75. Coal miner Yancoal Australia Ltd (ASX:YAL) retreated 8.77% - down 0.54 points to 5.62. Airline operator Qantas Airways Ltd (ASX:QAN) slipped 8.45% - losing 0.90 points to trade at 9.75 at the close.

Market breadth was modestly positive: rising issues outnumbered decliners on the Sydney Stock Exchange by 619 to 573, while 363 stocks finished unchanged. Notably, shares of Ramsay Health Care reached 52-week highs, moving up 10.09% or 3.85 to a closing price of 42.02.

Volatility, as measured by the S&P/ASX 200 VIX, was slightly lower, down 1.13% to 11.56 by the end of trading. In commodities, Gold Futures for April delivery eased 0.19% - down 10.10 to $5,216.10 a troy ounce. Crude oil for April delivery rose 0.34% - up 0.22 to hit $65.64 a barrel, while the May Brent oil contract increased 0.35% - gaining 0.25 to trade at $70.94 a barrel.

Currency movements were modest. AUD/USD was unchanged 0.14% at 0.71, and AUD/JPY fell 0.18% to 111.18. The US Dollar Index Futures declined 0.12% to 97.51 by the close.


These closing-level moves reflect a market session where sector leadership and large single-stock swings combined to push the benchmark to a new high, while commodity and currency benchmarks showed only small shifts by the end of the day.

Risks

  • Large single-stock moves can increase idiosyncratic risk for portfolios concentrated in individual names - sectors affected include technology, health care and mining.
  • Shifts in commodity prices, such as moves in crude oil and gold, create uncertainty for energy and materials-related businesses and valuations.
  • Currency fluctuations, evidenced by small moves in AUD/USD and AUD/JPY, can affect exporters and import-sensitive sectors through exchange-rate exposure.

More from Stock Markets

Arkema posts mixed Q4 results, flags modest 2026 EBITDA growth in constant currency Feb 26, 2026 Stellantis Books 20.1 Billion Euro H2 Net Loss After Large EV Writedowns Feb 26, 2026 Trip.com Stock Slips as Margin Compression Dampens Strong Q4 Results Feb 26, 2026 Rakuten Bank Plunges as Parent Reopens Fintech Restructuring Talks Feb 26, 2026 BlueScope Declines Revised Takeover Bid from Steel Dynamics and SGH Feb 26, 2026