S&P/ ASX 200 closes 0.57 percent higher as property stocks rebound

The index rose to 8,735.7 after Wall Street gains, while real estate and miners advanced and technology stocks fell 2.90 percent.

The S&P/ASX 200 closed at 8,735.7 on Tuesday, October 6, 2026, up 49.3 points or 0.57 percent, as real estate and mining stocks led a broad rebound. Samso reported that the index reached an intraday high of 8,753.0 at about 2:05 p.m. AEDT before ending the session.

Drivers of the day

The advance extended the index's gains to a third session. AAP attributed the move to easing oil prices and confidence from the US market, where technology stocks lifted Wall Street. The rebound followed recent selling in property stocks and miners.

Real estate rose 1.11 percent, while nine of the 11 sectors advanced. The market's gains came despite a weaker domestic consumer reading: the Westpac-Melbourne Institute consumer sentiment index fell 4.7 percent to 80.4 in October from 84.4 in September, according to ABC News.

Single stocks and sectors

Information technology was the weakest sector, falling 2.90 percent. WiseTech Global declined about 2 percent, while Codan fell 4.3 percent after a strong recent rally, according to International Business Times Australia. Goodman Group slipped 0.7 percent even as the broader real estate sector advanced.

The next S&P/ASX 200 session is scheduled for Wednesday, October 7, 2026. Investors will carry the contrast between stronger global technology markets and weak Australian consumer confidence into the next session, with bond yields and the recent Reserve Bank of Australia rate increase still part of the market backdrop, as 7NEWS reported.

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