ASX 200 ends little changed at 9,011 after early gains fade

  • The ASX 200 ended little changed at 9,011 after early gains in minerals, energy and logistics faded.
  • Woodside rose 1.6%, Santos gained 1.7%, and Ingenia Communities surged nearly 15%.
  • Ingenia rejected a Warburg Pincus takeover bid valuing the developer at a 30% premium, while China data are due this week.

The ASX 200 finished little changed at 9,011 on Monday after rising 33 points, or 0.4%, to 9,039 in morning trading. Gains in non-energy minerals, energy, logistics and other sectors were offset by declines in technology, commercial services and healthcare. Early sentiment benefited from broadly higher Asia-Pacific markets and signs the Trump administration might seek to prevent Iran from developing a nuclear weapon without a formal agreement, but advances faded as U.S. stock futures fell amid renewed Middle East tensions and reported tit-for-tat strikes by Washington and Tehran targeting vessels in the Strait of Hormuz and elsewhere. Australian August services growth was revised higher, confidence improved to near pre-war levels, and job advertisements rose for a second consecutive month, helped by seasonal Christmas hiring. China is due to release August CPI, PPI and trade data later this week, while Wall Street was closed for a holiday. Energy stocks outperformed, with Woodside up 1.6% and Santos 1.7%; Ingenia Communities surged nearly 15%, while technology lagged as Xero fell 3.9% and Wisetech dropped 3.8%.

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