Forex
BHP Stock Plunges by 1.69 Percent Amid Weaker Materials Sector
BHP Group Limited's stock closed at AUD 61.02 on September 24, 2026, after a decline of 1.69 percent.
This drop was more significant than the broader ASX 200 index, which fell by 0.72 percent to 8,702.00.
The materials sector as a whole was weighed down by BHP and other mining stocks, including Rio Tinto, which lost 0.69 percent to AUD 166.46, and Fortescue, which declined by 0.59 percent to AUD 16.75.
The energy sector, however, performed better, with oil prices remaining above USD 100 per barrel, supporting shares in that segment.
The Reserve Bank of Australia is set to meet on September 28 and 29, 2026, which may impact BHP's stock price due to its effect on Australian equities and domestic interest rates.