The ASX200 closed the week on a positive note, reclaiming the 8,600 level as bulls eye the possibility of a “Santa Claus rally” in the final trading days of December. The index closed the week at 8,621.40, representing a 0.39% increase for the day and a 0.2% gain since the beginning of December.
DroneShield Ltd (DRO) and SILEX Systems Ltd (SLX) were among the top performers, while Netwealth Group Ltd (NWL) and Summerset Group Holdings Ltd (SNZ) moved the other way.
DroneShield shares surged 11.65% to $2.78 after the company announced a substantial $49.6 million contract from a European military client for handheld counter-drone systems. Deliveries are slated for Q1 2026.
SILEX Systems shares also saw a significant rise, climbing 9.96% to $8.06. This boost followed the announcement that Global Laser Enrichment (GLE), its exclusive licensee, had completed a large-scale enrichment demonstration at its North Carolina facility, enhancing the commercial prospects of SILEX’s uranium enrichment technology.
Top Australian Brokers
- Pepperstone - Top Australian broker - Read our review
- eToro - Invest in ASX and international shares - Read our review
Paladin Energy Ltd (PDN) also gained, increasing by 9.26% to $9.09 amid rising uranium prices and positive sentiment towards nuclear energy. Greatland Resources Ltd (GGP) rounded out the top performers, climbing 7.65% to $10.55.
On the other hand, Netwealth Group Ltd (NWL) experienced the largest decline, dropping 6.48% to $25.25, off the back of a $100million compensation payout. Summerset Group Holdings Ltd (SNZ) followed, falling 5.09% to $10.06 amid regulatory challenges and rising operational costs. Premier Investments Ltd (PMV) decreased by 4.71% to $13.76, influenced by concerns over consumer spending, and the continued search for a permanent CEO.
Reliance Worldwide Corporation Ltd (RWC) fell by 3.41% to $3.68, and Northern Star Resources Ltd (NST) dropped by 3.37% to $25.82. Fortescue Ltd (FMG) also experienced a decline, decreasing by 3.23% to $21.88 amid iron ore price volatility.
Elsewhere in Aussie markets, the All Ords (XAO) closed the day 0.48% higher, outperforming the blue chip index, and recapturing a psychologically important level of it’s own at 8,900. In closing at 8,918.30, the All Ordinaries has added 0.1% since the start of December, half that of the ASX 200.
