Sydney, Feb 2, 2026, 17:14 AEDT — After-hours
- Telstra climbs 0.8% to A$4.92, bucking a softer local market
- ASX 200 falls 1.0%, weighed down by gold and mining sectors
- Attention turns to Tuesday’s RBA decision and Telstra’s half-year update on Feb. 19
Shares of Telstra Group Limited edged up 0.8% to A$4.92 on Monday, outperforming much of the market as investors favored reliable cash flow. The stock swung between A$4.88 and A$4.97, with roughly 16.6 million shares traded.
The S&P/ASX 200 dropped 1.02%, dragged down mainly by gold, metals, and materials sectors. Meanwhile, the benchmark’s volatility index hit a one-month peak, indicating rising demand for protection as risk assets faltered.
Telstra found itself under pressure, as it usually does when markets head south. Asian shares slipped, following Wall Street futures down amid volatile moves in precious metals and a drop in oil prices. Investors are gearing up for a packed week of earnings reports and central bank decisions. “We think this is a buying opportunity for both gold and silver,” said Vivek Dhar, mining and commodities strategist at Commonwealth Bank of Australia. Reuters
Australia’s focus shifts to the Reserve Bank of Australia’s policy announcement Tuesday at 2:30 pm AEDT, with a media briefing set for 3:30 pm. Any unexpected move on rates could ripple through bond yields and shake up “yield trades” — stocks prized for their dividends. Reserve Bank of Australia
Telstra usually trades as a defensive play, with sales that don’t fluctuate much with the economy. Phone and broadband bills are steady, which can give the stock an edge when commodity-linked shares take a hit.
It’s no free ride, though. Competition eats into pricing power, and network upgrades continue to pressure spending and cash flow—the key metrics income investors focus on.
An RBA leaning hawkish, even if it doesn’t surprise with a sudden move, could still pressure dividend payers. Higher yields would push investors to look for cash-like returns outside stocks. That’s the key short-term risk for the sector.
Traders are watching closely to see if the global metals shock eases or spills over into other markets. Australia’s benchmark, loaded with miners, could quickly face broader equity troubles if commodities take another dive.
Telstra’s next major event is its half-year results, set for Thursday, Feb. 19. The investor calendar also shows the stock going ex-dividend on Wednesday, Feb. 25, so those buying after won’t get the upcoming payout. The interim dividend is scheduled for Friday, March 27.
