BHP stock heads into the open after a 1.69 percent drop

At the close on September 24, 2026, BHP stock ended at AUD 61.02 after trading in a weaker materials sector; the ASX 200 fell 0.72 percent to 8,702.00.

BHP stock closed at AUD 61.02 on the ASX on September 24, 2026, down 1.69 percent. The decline was larger than the ASX 200s 0.72 percent fall to 8,702.00, while energy shares gained as oil prices stayed above USD 100.

September 24, 2026 in numbers

BHP Group Limited (ISIN US0886061086) fell 1.69 percent to AUD 61.02 on the ASX on September 24, 2026. The session move lagged the benchmark by 0.97 percentage points. BHP was among the mining stocks weighing on the materials sector, while Rio Tinto fell 0.69 percent to AUD 166.46 and Fortescue lost 0.59 percent to AUD 16.75.

As News.com.au reported that higher oil prices supported energy shares, while materials stocks declined as markets priced a high probability of a Reserve Bank of Australia rate increase at the September 28 to September 29 meeting. Reuters also reported that BHP fell after operations at the Escondida mine in Chile were suspended following a fatal worker accident.

RBA decision due next week

The Reserve Bank of Australia is scheduled to meet on September 28 and September 29, 2026. The event matters for BHP through its effect on Australian equities and domestic rate expectations. The September 24 Australian employment report showed unemployment at 4.6 percent, while market pricing put the probability of a 25 basis point rate increase at about 95 percent, according to Reuters.