Tuesday 28th April 2026
Daily Market Update: 28 April 2026
The Australian market closed at a three-week low as energy and utilities weighed
The S&P/ASX 200 Index (ASX: XJO) fell 20.1 points, or 0.2 per cent, to 8,766.40, its lowest close since April 7, as traders assessed reports that Iran had proposed reopening the Strait of Hormuz. Energy stocks declined as investors took profits, with Woodside Energy Group Limited (ASX: WDS) down 1.5 per cent to $32.13 and Santos Limited (ASX: STO) falling 1.8 per cent to $7.65.
Atlas Arteria Limited (ASX: ALX) surged after a takeover proposal from IFM Investors Pty Ltd
Utilities were the largest drag after Origin Energy Limited (ASX: ORG) dropped 5 per cent to $12.13 following weaker Australia Pacific LNG Pty Limited revenue and a reduced outlook for Octopus Energy Group Limited. Gold miners supported the market, with Newmont Corporation (ASX: NEM) up 6.8 per cent and Evolution Mining Limited (ASX: EVN) rising 2.5 per cent, while Atlas Arteria Limited (ASX: ALX) jumped 13.4 per cent after IFM Investors Pty Ltd made a $7 billion takeover offer.
US markets edged higher, led by technology and communication services stocks
The S&P 500 Index (NYSE: SPX) rose 0.1 per cent to a record 7,173.9, while the Nasdaq Composite Index (NASDAQ: IXIC) gained 0.2 per cent to a fresh high of 24,887 and the Dow Jones Industrial Average (NYSE: DJI) fell 63 points. Investors focused on earnings from Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL) and Meta Platforms, Inc. (NASDAQ: META), while NVIDIA Corporation (NASDAQ: NVDA) rose 4 per cent, Micron Technology, Inc. (NASDAQ: MU) gained 5.6 per cent, Qualcomm Incorporated (NASDAQ: QCOM) added 1 per cent and Apple Inc. (NASDAQ: AAPL) fell 1.3 per cent.
| Australian Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| ASX 200 | -0.3 | -2.1 | 3.0 | -0.9 | 13.2 |
| Financials | -0.5 | -2.8 | 0.9 | 5.2 | 14.2 |
| Resources | -0.1 | -1.3 | 7.2 | 5.6 | 57.5 |
| Information Technology | -1.0 | -2.1 | 11.1 | -15.1 | -17.4 |
| Global Indices | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| US 500 | 0.1 | 1.0 | 8.6 | 0.4 | 29.8 |
| Europe | 0.2 | -1.8 | 4.4 | -4.0 | 9.2 |
| Japan | 0.0 | -1.5 | 0.4 | -1.0 | 14.4 |
| China top 50 | -0.8 | -1.7 | 0.3 | -9.8 | 0.2 |
| India top 50 | -0.8 | -2.7 | 0.9 | -9.3 | -19.9 |
| Fixed Interest | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Australian Treasury Bond | -0.1 | -0.2 | 1.0 | 0.1 | -0.7 |
| Australian Corporate Bond | 0.1 | -0.2 | 1.1 | 0.1 | 0.2 |
| US Treasury | 0.1 | -0.2 | 1.0 | 0.1 | 2.8 |
| Cash | 0.0 | 0.1 | 0.4 | 0.9 | 3.8 |
| Commodities & Crypto | Daily % | Weekly % | 1 Month % | 3 Month % | 1 Year % |
| Gold | 0.0 | -1.8 | 0.9 | -9.3 | 28.1 |
| Silver | 0.4 | -5.4 | 6.4 | -34.7 | 102.9 |
| Crude Oil | 0.3 | 8.0 | 2.0 | 68.4 | 86.3 |
| Bitcoin | -0.6 | 3.0 | 12.7 | -14.2 | -26.6 |
