S&P/ ASX 200 slips 0.07% as miners drag on November 12
Published on 11/12/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSASX 200 ends slightly lower
- The S&P/ASX 200 closed at 9,146.8 on Thursday, November 12, down 6.4 points or 0.07 percent from Wednesday.
- Materials fell 2.08 percent as gold and lithium miners weakened, while financials gained 1.10 percent.
- Morning losses linked to weaker US futures were largely recovered during the afternoon.
- Xero's upgraded outlook and share buy-back supported technology sentiment, while several major companies reported results or strategic updates.
The S&P/ASX 200 ended Thursday, November 12, at 9,146.8, down 6.4 points or 0.07 percent from Wednesday's close of 9,153.2. The close was reported for the Australian market's 4:30pm AEDT update by Samso. The modest decline followed a weaker start but left the benchmark close to its previous session level.
Miners weigh on the benchmark
Materials was the weakest of the 11 sectors, falling 2.08 percent, while the S&P/ASX All Ordinaries Gold index lost 3.59 percent. Large mining stocks also came under pressure: Rio Tinto declined 2.14 percent, Fortescue fell 2.40 percent and BHP Group dropped 1.29 percent. Lithium producers PLS Group and Liontown also finished lower, according to Samso's market account.
Financials provided the main counterweight, rising 1.10 percent. Commonwealth Bank gained 2.89 percent and Westpac rose 1.93 percent, helping the index recover from its intraday low. Health Care and A-REITs also finished higher, although the overall market breadth remained negative: Samso counted 448 advancing companies, 633 declining companies and 347 unchanged among the companies that traded.
US technology concerns fade later
The ASX 200 was down 0.5 percent at 9,110.9 by 11:51am AEDT. Samso said ShareCafe linked the morning weakness to falling US share futures and unconfirmed reports that Nvidia's board could remove chief executive Jensen Huang. The report also noted that Nvidia shares had fallen more than 8 percent in after-hours trading in New York. The index recovered most of that decline during the afternoon, although the sources reviewed did not identify a specific reason for the rebound.
Company news provided a mixed backdrop. Xero rose 6.08 percent after raising its revenue outlook for the year to March 2027 and announcing an on-market share buy-back of up to AUD 1 billion. Domino's Pizza Enterprises climbed 12.93 percent after a trading update, while Aristocrat Leisure fell 1.32 percent after reporting its full-year results and announcing a chief executive transition. Capital Brief likewise reported the 9,146.8 close and highlighted Domino's, BHP and Aristocrat developments.
Market focus turns to banks
The chief executives of NAB and Commonwealth Bank are due before Australia's House of Representatives economics committee on Friday, following appearances by ANZ and Westpac executives on Thursday. Investors may also continue to monitor how changes in US technology sentiment affect Australian miners and technology shares. Ongoing coverage of the index is available on the S&P/ASX 200 topic page.
