Market Wrap / ASX fade

Large share price moves still left the overall S&P/ASX 200 relatively flat, just 0.06% higher at 8972.40 points this Monday. The miners buoyed the ASX 200, with heavy-weight BHP and Rio Tinto both in the green. 

PLS also gained 2.4% despite the lithium miner posting a full year loss of just under $196 million. Meanwhile, the energy players benefitted from higher oil prices. Santos advanced by 0.6% as it also reported 1H25 sales revenue of $2.6 billion.The banks and insurers were in the red however, with nib bucking the trend as it said it is targeting around 3% policyholder growth for FY26 in its core health insurance business. Elsewhere, protective gear manufacturer Ansell jumped 10.3% as it said it will fully offset US tariffs through price increases, while its earnings came in higher for FY25. On the other side of the pendulum, plumbing-products supplier Reece says it expects a period of "soft activity" in its ANZ market. And the stock plunged 16.4%. Tomorrow, investors will look at the RBA Minutes, while Coles and Scentre Group report results.