S&P/ ASX 200 closes 0.6 percent higher after Firmus cancels float
Published on 10/09/2026 at 18:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- The S&P/ASX 200 closed at 8,717 points on October 9, 2026, up 0.6 percent.
- Firmus withdrew its planned ASX float as technology shares rebounded despite the cancellation.
- China's September CPI and PPI are scheduled for October 14 at 9:30 a.m. Beijing time.
S&P/ASX 200 closed at 8,717 points on October 9, 2026, up 0.6 percent after technology and consumer discretionary shares rallied despite the withdrawal of Firmus's planned float, as Samso reported. The benchmark added 56 points and recovered most of Thursday's 0.8 percent decline.
Technology shares lead the rebound
Information technology rose 2.2 percent and consumer discretionary gained 2.2 percent, while telecommunications fell 0.6 percent and materials slipped 0.03 percent. Nine of the 11 sectors finished higher, according to ABC News.
Generation Development Group advanced 7.3 percent and West African Resources gained 5.4 percent. Weebit Nano fell 11.1 percent, while Sunrise Energy Metals dropped 11 percent, with the moves documented in the same market summary.
Firmus cancellation shapes the session
Firmus withdrew its application to list on the ASX after major investors questioned its pricing and growth prospects. Maas Group, which holds a 3.2 percent stake in Firmus, fell 6.7 percent after resuming trading, Australian Financial Review reported.
A better-than-expected US bond auction pushed Treasury yields and the greenback lower, supporting precious metals and copper, according to Riverine Herald. Brent crude traded at USD 102.80 a barrel, while gold reached USD 4,198 an ounce.
What comes next
The next ASX session is Monday, October 12, 2026. China's September CPI and PPI are scheduled for October 14 at 9:30 a.m. Beijing time, followed by September trade data, according to Admiral Markets. Australian September labor-market data is due on October 15, while the index ended the week 0.4 percent higher, as Morningstar reported.
