S&P/ ASX 200 closes 0.57 percent higher after property rally

Property and mining shares lifted the S&P/ASX 200 despite a sharp technology selloff and weaker Australian consumer sentiment after the RBA hike.

The S&P/ASX 200 closed at 8,735.7 points on October 6, 2026, up 49.3 points or 0.57 percent from Monday's close. Samso reported a session high of 8,753.0 points. The advance extended the index's winning streak to three sessions despite a steep decline in technology stocks.

Property gains offset technology losses

Real estate was the strongest sector, rising 1.11 percent, while information technology fell 2.90 percent, according to ShareTrader. Nine of the 11 sectors gained, with materials and financials also supporting the benchmark. PerthNow said the rebound followed a strong lead from Wall Street, while easing oil prices also supported sentiment.

Stocks and market environment

Metcash was the best-performing S&P/ASX 200 stock cited by Investing.com, gaining 4.70 percent. Megaport was the weakest, falling 5.75 percent. PerthNow reported gains of 3.1 percent for Vicinity Centres and 2.7 percent for Scentre, while Codan dropped 4.3 percent after a strong recent run. The S&P/ASX 200 VIX fell 5.30 percent to 10.85.

Consumer confidence weakens

The Westpac-Melbourne Institute consumer sentiment index fell 4.7 percent to 80.4 in October from 84.4 in September. Australian Financial Review reported that confidence among respondents surveyed after the Reserve Bank of Australia's rate increase fell to 67.2 points. The weak reading did not prevent property and mining stocks from driving the broader index higher.

The next S&P/ASX 200 session is scheduled for Wednesday, October 7, 2026, with investors entering the session after the index's 0.57 percent gain and the technology sector's 2.90 percent decline.

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