Stock Markets January 23, 2026

Australian Shares Close Slightly Higher, Led by Gains in Gold and Mining Stocks

S&P/ASX 200 inches up as market volatility edges higher and commodity prices rise

By Marcus Reed
Australian Shares Close Slightly Higher, Led by Gains in Gold and Mining Stocks

The Australian stock market closed modestly higher on Friday, driven primarily by advances in the Gold, IT, and Metals & Mining sectors. The S&P/ASX 200 index ended the day up 0.13%, with several mining companies hitting significant price milestones. Meanwhile, market volatility measured by the S&P/ASX 200 VIX increased slightly, and key commodity prices such as gold and crude oil also moved upward.

Key Points

  • Australian stock market closed higher with the S&P/ASX 200 up 0.13%.
  • Gold, Information Technology, and Metals & Mining sectors were the main contributors to gains.
  • Several resource companies reached significant price milestones, including five-year and all-time highs.

Australian equities eked out a slight gain at the end of Friday's trading session, with the S&P/ASX 200 advancing by 0.13% as investor interest was supported by strong performance in the Gold, Information Technology, and Metals & Mining sectors.

Completing the trading day in Sydney, the index recorded a modest increase, reflecting a balanced market environment with more rising stocks than decliners. Among individual stocks, Life360 Inc (ASX:360) stood out as the day's top performer, climbing 27.76%—an increase of 7.37 points—to finish at 33.90. Regis Resources Ltd (ASX:RRL) followed with a 10.29% gain, or 0.78 points, closing at 8.36. Ramelius Resources Ltd (ASX:RMS) also saw notable gains, rising 7.97% or 0.37 points to close at a new high of 4.95.

On the downside, DroneShield Ltd (ASX:DRO) shed 5.50%, slipping 0.26 points to end the session at 4.47. AP Eagers Ltd (ASX:APE) declined 4.33%, falling 1.26 points to 27.84, while Abacus SK Pty Ltd Unit (ASX:ASK) was down 3.76%, a decrease of 0.06 points, closing at 1.54.

Market breadth favored advances, with 695 stocks rising compared to 509 retreating; 373 stocks remained unchanged, indicating a generally positive, albeit cautious, market tone.

Shares in Regis Resources surged to five-year highs, reflecting robust investor confidence with a 10.29% uptick. Ramelius Resources reached an all-time high, consolidating gains with a near 8% increase on the day.

The S&P/ASX 200 VIX, which reflects the implied volatility of options on the index, registered a 2.33% rise to 10.30, suggesting a slight increase in market uncertainty or anticipation of fluctuations ahead.

In commodity markets, February gold futures climbed 0.94%, adding 46.16 points to settle at $4,959.56 per troy ounce. Crude oil futures also posted gains, with March WTI crude rising 0.69% to hit $59.77 a barrel, and March Brent crude advancing 0.64% to reach $64.47 a barrel.

In currency trading, the Australian dollar held relatively steady against the US dollar, moving up 0.10% to 0.68, while AUD/JPY strengthened by 0.28% to 108.55. The US Dollar Index futures slightly declined by 0.04% to 98.14.

Risks

  • Increase in the S&P/ASX 200 VIX indicates rising market volatility and uncertainty.
  • Notable declines in some stocks like DroneShield and AP Eagers suggest uneven performance across sectors.
  • Commodity price fluctuations, such as in crude oil and gold, could impact related industries and investor sentiment.

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