Mid-Market: S&P/ASX 200 Trading Higher; As US-Iran Ceasefire Boosts Market Sentiment

Source: Kapitales Research

On 08 April 2026, at AEST 11:30 AM, the benchmark index S&P/ASX 200 is trading higher today, gaining 216.10 points or 2.48%, and is currently trading at 8,944.90 levels. Out of 11, 8 sectors are trading higher along with the gain in the S&P/ASX 200. 

The Information Technology and Materials sectors are the top 2 gaining sectors, gaining 5.12% and 4.78% in their index values. On the other hand, Energy and Utilities sectors are the top 2 declining sectors, declining 7.71% and 3.52% in their index values.

Bellevue Gold Limited (ASX: BGL) and Zip Co Limited (ASX: ZIP) are the top-gaining stocks, gaining 15.974% and 12.724% in their stock prices. On the other hand, Karoon Energy Limited (ASX: KAR) and Droneshield Limited (ASX: DRO) are the top-losing stocks and are declining by 12.959% and 11.279% in their stock prices.

Factors influencing the market-

• Australian stocks surged today after the United States and Iran reached a last-minute ceasefire agreement, easing concerns over potential disruption in the Strait of Hormuz and sending oil prices lower. The two-week truce came just hours after US President Donald Trump warned he would “wipe out an entire civilisation” if Iran attempted to block commercial shipping through the crucial waterway, with Pakistan stepping in as a mediator to propose the temporary pause and ensure the safe passage of oil, gas, and other vessels.
• Greatland Resources Limited’ shares jumped today as rising gold prices boosted sentiment, following the production of 82,723 ounces in the March quarter, which increased its cash reserves by $260 million to $1.21 billion while remaining debt-free.
• DroneShield Limited dropped more than 10% after CEO Oleg Vornik stepped down and the company revealed chairman Peter James will retire next month, adding to investor concerns that had already been shaken when both executives sold their stakes five months earlier.
• Bellevue Gold climbed 15.9% after reporting record underlying free cash flow of $158 million for the March quarter, supported by stronger grades and stable output of around 41,000 ounces.
• Regis Resources gained following lifting its cash and bullion holdings to $1.13 billion by the end of March, following a $198 million increase over the quarter.
• Pro Medicus Limited’s shares roses after securing a five-year, $23 million deal with the University of Maryland Medical System to roll out its Visage 7 imaging platform.
• The Dow Jones closed down by 0.18%, S&P 500 gained by 0.08% and Nasdaq was up by 0.10% in the previous session.
• Hang Seng is up by 2.44%, and FTSE 100 is down by 0.84%.

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