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Markets3h 26m ago

The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector, while BHP and Macquarie reached record levels and ARN Media surged after settling a legal dispute.

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Australia

Who
Ricardo Goncalves, Cameron Gleeson, Stephanie Youssef, Belinda Allen
What
The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector, while BHP and Macquarie reached record levels and ARN Media surged after settling a legal dispute.
When
Wed, 17 Jun 2026 08:24:10 GMT · 3h 26m ago
Where
Australia ·
Why
The Australian sharemarket's rise to a nine-week high was influenced by record performances from individual companies like BHP and Macquarie, and a surge in ARN Media after a legal dispute, even as falling oil prices negatively impacted energy stocks.
The Frontline Impact

How this affects you

The Australian sharemarket's performance, marked by a nine-week high for the overall market but weakness in energy due to falling oil prices, indicates a complex market dynamic where some sectors and companies thrive while others face headwinds.

Story chain

4 events in this thread
  1. Markets1h 46m ago
    The Australian stock market closed at a two-month high on Wednesday, with the S&P/ASX 200 index ending 0.5% higher at 8966.30 points.
    Open article
  2. Markets1h 46m ago
    The Australian stock market closed at a two-month high on Wednesday, with the S&P/ASX 200 index ending 0.5% higher at 8966.30 points, its highest level since April 15.
    Open article
  3. Markets3h 26m ago
    The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector.
    Open article
  4. Currently Reading3h 26m ago
    The Australian sharemarket climbed to a nine-week high despite weakness in energy stocks as falling oil prices weighed on the sector, while BHP and Macquarie reached record levels and ARN Media surged after settling a legal dispute.

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