Market Wrap / reporting season round-up

A late afternoon surge saw the Australia sharemarket post a third consecutive day of gains with the S&P/ASX200 climbing 0.25% to a fresh record cloding high of 9,198.60 points.

Investor sentiment remained positive as the index finished the month with a gain of 2.9%, growth unseen since May 2025. 

However, financials weighed as heavyweight Commonwealth Bank reported to police amid concerns that $1 billion worth of home loans may have been fraudulently obtained, sending the share price 2% into the red. 

Elsewhere, Coles closed out earnings season for the top 200 index, with net profit down 11% to $511 million, slumping 6.6% over the day's trade. 

Harvey Norman fell 9% after its earnings missed expectations, as consumer-facing heavyweights remained under pressure.

It was a tale of two sides though, with Block jumping 27.8% after unveiling a sweeping 40% company-wide job cut, echoing Wisetech’s cost cutting move earlier in the week.

While in other company news, Bapcor plunged 49.3% as trading resumed following a $200 million capital raise, after the compay reported a hefty first-half loss. 

Tonight, investors turn to the US where core PPI data is set to be released.