ASX surges on broad market rally

The S&P ASX 200 closed the session in the green, rallying 1.02% on a broader market surge that saw all 11 sectors finish higher. The gain came after a softer-than-expected inflation print eased concerns that the Reserve Bank would raise interest rates imminently. Traders reacted to the data by selling off the rate-hike hedge, pushing defensive and value stocks higher across the board.

The biotechnology-heavy sector has been struggling this year, falling about 19% year-to-date. However, it has staged a strong recovery over the last two months, rallying approximately 22% from its early June lows. CSL led the charge with a 6.7% jump, while Sigma climbed 2.59% and Resmed added 3.87%. The rally in healthcare and other defensive sectors like consumer staples and telecommunications provided the bulk of the market’s momentum.

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Mach7 Technologies managed a third consecutive quarter of positive operating cashflow, netting $1.1 million in Q4. Despite cash receipts dropping 7.3% to $7.4 million, the company reaffirmed its FY26 revenue guidance. This guidance sits about 15% below its FY25 numbers, largely due to a delayed capital deal conversion. New contracts, including a five-year deal with AMRADNET and a partnership with Howard Medical, aim to expand the company’s reach into more than 3,700 hospitals.

Greatland Resources delivered 79,100 ounces of gold this quarter, handily beating cost estimates. The miner’s full-year production came in at 328,987 ounces, outstripping the upper end of guidance. With $1.289 billion in the bank and a debt-free balance sheet, Greatland is predicting production of 260-300,000 ounces for FY27. The company is also preparing for the Havieron development, which is due to come online in FY29.

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Aeris Resources produced 42,100 tonnes of copper equivalent in FY26, landing at the lower end of its 40–49,000t estimates. The company’s gold and silver production also beat forecasts. However, operating costs associated with care and maintenance and exploration spending exceeded estimates. Aeris is delaying forward guidance for FY27 until early August 2026.

RooLife Group inked a binding agreement to acquire Kabunga Holdings’ renewable energy business through its subsidiary Aurora. The deal is 100% scrip-based, involving 80 million upfront shares plus up to 400 million performance rights tied to revenue targets.