Sydney, 12 December 2025 — Australia’s sharemarket rallied on Friday as investors piled into resources and financials, with the S&P/ASX 200 up about 1.2% in early afternoon trade and most sectors in the green. ABC
But the real fireworks were in individual names: a cluster of small-cap stocks posted double‑digit jumps, while large-cap miners (including gold-linked names) dominated the ASX 200’s risers list. Market Index+2Market Index+2
Below is a detailed look at today’s biggest gainers on the Australian stock market (ASX), what’s driving the moves, and the key macro and commodity themes shaping the session.
Why the ASX is rising today: miners, banks and a global “rotation” away from tech
The day’s tone was set by a familiar mix of resources strength and bank buying, supported by an offshore backdrop where materials and financials have been outperforming amid renewed caution on highly priced “AI trade” names. Reuters+2FNArena.com+2
In its live market coverage, ABC highlighted broad gains across the ASX 200’s major sectors and pointed to an overnight U.S. lead where the Dow hit records even as the Nasdaq lagged. ABC+1
Commodities remained front and centre. Around early afternoon AEDT, ABC’s market snapshot showed spot gold still extremely elevated near US$4,274/oz, iron ore around US$106/t, and Brent crude near US$61.70/bbl—a mix that typically feeds straight into Australia’s resource-heavy index leadership. ABC
Meanwhile, FNArena’s overnight report pointed to record highs in copper and silver and a continued bid for precious metals—exactly the kind of setup that tends to inflate the day’s “top risers” list with miners and commodity‑linked cyclicals. Fnarena
Biggest ASX gainers today (all stocks): the top percentage risers
Market Index’s “Top Gainers” scan (which tracks ASX-listed shares above 1 cent) showed micro and small caps leading the market on a percentage basis during Friday’s session. Market Index
Here are today’s standout gainers (prices and moves as shown in the scan):
- Rhythm Biosciences (ASX:RHY) — +38.55% to $0.115 Market Index+1
- Metal Bank (ASX:MBK) — +28.57% to $0.027 Market Index+1
- Hawk Resources (ASX:HWK) — +22.73% to $0.027 Market Index
- Heavy Rare Earths (ASX:HRE) — +22.22% to $0.011 Market Index+1
- BMC Minerals (ASX:BMC) — +21.50% to $2.43 Market Index
- Pathkey.Ai (ASX:PKY) — +18.75% to $0.019 Market Index
- Emperor Energy (ASX:EMP) — +18.42% to $0.045 Market Index
- Energy World Corporation (ASX:EWC) — +18.42% to $0.045 Market Index
- OD6 Metals (ASX:OD6) — +16.67% to $0.021 Market Index
- X2M Connect (ASX:X2M) — +16.67% to $0.175 Market Index
Important context: Microcaps often top “percentage gainer” lists because a relatively small amount of capital can move prices sharply. These moves can also reverse quickly, especially when news flow cools or liquidity dries up.
ASX 200 top gainers today: large caps led by materials and commodity-linked names
On the large-cap side, Market Index’s ASX 200 live coverage reported that materials dominated the top-performing big names, with gold-linked and miner exposures repeatedly appearing near the top of the leaderboard. Market Index
Top ASX 200 gainers around midday (per Market Index):
- Alcoa (AAI) — +5.46% to $70.15 Market Index
- Newmont (NEM) — +5.27% to $149.50 Market Index
- Genesis Minerals (GMD) — +5.07% to $6.74 Market Index
- West African Resources (WAF) — +4.89% to $2.90 Market Index
- Emerald Resources (EMR) — +4.80% to $5.90 Market Index
- Bellevue Gold (BGL) — +4.53% to $1.50 Market Index
- Perseus Mining (PRU) — +4.10% to $5.47 Market Index
- Paladin Energy (PDN) — +4.07% to $9.33 Market Index
- Greatland Resources (GGP) — +3.96% to $8.93 Market Index
- Vault Minerals (VAU) — +3.78% to $5.22 Market Index
Later in the session, ABC’s live blog noted Boss Energy was the top ASX 200 mover in afternoon trade, up about 7.2%, underlining how strongly uranium-linked and resource exposures were performing on the day. ABC
What’s driving today’s biggest gainers: key stock stories and sector themes
1) Rhythm Biosciences (RHY): surge on ColoSTAT commercialisation milestone
Today’s biggest percentage gainer, Rhythm Biosciences, jumped after an update tied to the rollout of its ColoSTAT colorectal cancer blood test.
TipRanks’ coverage of the update said the company initiated commercialisation following an updated ISO15189:2022 accreditation, with rollout through a certified Melbourne laboratory and further accreditation-related steps planned for January 2026. TipRanks
Why it matters for investors: in diagnostics, the market often reacts strongly to milestones that move a product from “development narrative” into “commercial execution” — particularly if reimbursement pathways, clinician uptake, and lab capacity become the next visible catalysts.
2) Metal Bank (MBK): attention on share distribution mechanics
Metal Bank was another standout, up sharply on the day. A TipRanks company-announcement item reported that Hastings Technology Metals completed the distribution of Metal Bank shares to its shareholders following a divestment, a type of corporate action that can trigger short-term bursts of volume and price discovery. TipRanks
These events can drive volatility because they abruptly change who holds the stock (and why), often producing a wave of forced or opportunistic buying/selling.
3) Heavy Rare Earths (HRE): exploration optimism meets a tight global supply narrative
Heavy Rare Earths surged as a TipRanks announcement summary pointed to promising assay results from reconnaissance sampling at Radium Hill. TipRanks
Rare earths also remain a strategically sensitive theme globally. Reuters reported Vietnam approved revisions to its mineral law that restrict exports of refined rare earths while reaffirming an ore export ban, part of the ongoing reshaping of supply chains outside China. Reuters
While a single small explorer’s move will still be mostly company-specific (assays, tenements, next drill steps), broader geopolitics can amplify investor interest in the sector.
4) Gold miners dominate: Newmont, Bellevue, Genesis, West African, Emerald and more
Across the ASX 200 risers list, gold-linked names were a repeated theme. Market Index+1
The “why” is largely macro:
- ABC’s market snapshot showed spot gold still around US$4,274/oz in early afternoon, keeping the bullion tailwind intact for producers and developers. ABC
- FNArena’s overnight report described a market environment where precious metals were rallying, with silver hitting fresh highs and metals strength feeding broader materials outperformance. Fnarena
In practice, when gold is strong (or even just stubbornly high), Australian investors often bid up:
- producers on near-term cash flow leverage, and
- developers on improved project economics and easier funding expectations.
5) Uranium-linked names: Boss Energy and Paladin feature in ASX leaders
Uranium exposures also surfaced near the top of the ASX 200 movers. ABC specifically cited Boss Energy as the day’s leading ASX 200 mover in afternoon trade, while Market Index listed Paladin Energy among the biggest large-cap gainers around midday. ABC+1
Even without a single headline catalyst, uranium stocks can move fast when the market is in a “resources risk-on” mood—especially when traders are rotating out of crowded tech positions and into commodity leverage.
The macro lens: what today’s move says about 2026 positioning
One reason today’s gainers skew so heavily toward resources is that the market is increasingly trading “2026 narratives” in advance: metals demand, infrastructure spending, energy security, and the interest-rate path.
FNArena’s overnight report framed the global setup as:
- record highs in some industrial/precious metals,
- ongoing debate about the pace of easing (with the Fed’s dot plot signalling fewer cuts than markets were pricing), and
- a view that softer Australian jobs data reduced pressure for near-term RBA tightening. Fnarena
Overlay that with the offshore “rotation” dynamic: Reuters reported the S&P 500 and Dow closed at record highs while investors shifted into materials and financials and away from tech after Oracle’s sharp drop. Reuters
For ASX investors, that combination tends to produce a familiar playbook:
- buy miners (commodity beta),
- buy banks (index heavyweights, dividend appeal),
- sell/trim tech (valuation sensitivity when the market flinches).
What investors are watching next (and the risks behind today’s biggest gainers)
Today’s biggest gainers list mixes company-specific catalysts (diagnostics rollout, assay results, corporate actions) with macro-driven sector flows (gold/uranium/metal strength and value rotation).
A few watch points heading into the next session and beyond:
- Follow-through vs. fade: Microcap percentage spikes can be one-day events. Look for confirming volume, further announcements, and whether the stock holds gains into the close/next open.
- Commodity volatility: Metals have been strong, but they can reverse quickly on USD moves, rate expectations, or headline risk.
- Rotation durability: If global markets keep rotating into value and cyclicals, ASX resources and banks can remain supported. If the market swings back to growth/AI, today’s leadership can flip just as fast.
Bottom line
Biggest ASX gainers today (12 December 2025) were led by Rhythm Biosciences (+38.55%), followed by Metal Bank (+28.57%) and Heavy Rare Earths (+22.22%), while materials-heavy large caps—including gold and uranium-linked names—dominated the ASX 200’s risers list during the session.
The broader message from Friday’s tape: in a market shaped by metals strength and a global rotation into materials and financials, Australia’s resource exposure is back in the driver’s seat—at least for now.
