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ASX Small Ordinaries fall 1.2% as uranium stocks drop; Healius surges on $160M asset sale

Market News
24 Sep 2026
Proactive Investors
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Bearish
ASX Small Ordinaries fall 1.2% as uranium stocks drop; Healius surges on $160M asset sale

The S&P/ASX Small Ordinaries index dropped 1.2% amid broad market weakness, with uranium stocks like Bannerman Energy, Boss Energy, and NexGen Energy leading declines due to lower uranium prices and higher bond yields raising financing costs. In contrast, Healius Limited jumped 11.11% after announcing a $160 million sale of Agilex Biolabs, expected to strengthen its cash position and focus on core pathology operations. The market remains cautious as higher bond yields pressure capital-intensive sectors, but long-term uranium demand supports the sector outlook. Completion of Healius's sale is targeted for late 2027, pending regulatory approvals.

The S&P/ASX Small Ordinaries index and uranium stocks are the story's subject, with Pluang's Basic Materials sector data providing context. For readers following Basic Materials, here is Pluang's market snapshot as of Sep 25, 2026 06:51 WIB: out of 38 priced US stocks, 27 fell and 11 rose. Among them, LAC dropped 1.72% with a 58% sell order activity, VALE declined 1.52% with a near-even buy/sell split, while NTR fell 1.33% but saw a strong 98% buy order activity, contrasting with the broader sector weakness.

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