Mid-Market: S&P/ASX 200 Trading Lower; Tech Secor Declined By Almost 2%

Source: Kapitales Research

On 24 February 2026, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 28.20 points or 0.31%, and is currently trading at 8,997.80 levels. Out of 11, 6 sectors are trading lower along with the decline in the S&P/ASX 200.

The Materials and Energy sectors are the top 2 gaining sectors, gaining 1.43% and 0.74% in their index values. On the other hand, Information Technology and Consumer Discretionary sectors are the top 2 declining sectors, declining 1.97% and 1.48%% in their index values.

Monadelphous Group Limited (ASX: MND) and Imdex Limited (ASX: IMD) are the top-gaining stocks, gaining 12.965% and 9.375% in their stock prices. On the other hand, ARB Corporation Ltd (ASX: ARB) and Austal Limited (ASX: ASB) are the top-losing stocks and are declining by 15.344% and 10.161% in their stock prices.

Factors influencing the market-

• The Australian share market reversed earlier gains today, as fresh concerns about the impact of AI led to heavy selling in tech stocks, overshadowing gains in mining. Meanwhile, gold rose 2.5% to US$5,241.24 an ounce, and silver surged past US$88, amid continued market uncertainty following US President Donald Trump’s new round of tariffs.
• Monadelphous surged by 12.96% after reporting a record half-year revenue of $1.53 billion, surpassing analyst expectations, and providing an upgraded guidance of 30%, which was also better than forecasted.
• Woodside Energy gained 1% despite a 24% drop in its full-year profit to US$2.72 billion, which slightly exceeded estimates. The company also remained on track to appoint a permanent CEO this quarter, following the departure of Meg O'Neill to BP.
• Adore Beauty, however, saw a sharp decline of 15%, even though it confirmed its full-year guidance after posting strong sales and underlying earnings growth in the first half, driven by store openings and increased sales of its own-brand products.
• The Dow Jones closed down by 1.66%, S&P 500 declined by 1.04% and Nasdaq was down by 1.13% in the previous session.
• Hang Seng is down by 1.22%, and FTSE 100 is down by 0.02%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au