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The Australian Stock Market closed on a high on Friday (December 19, 2025), with the S&P/ASX 200 ending the week with a gain of 33.20 points, or 0.39%, to 8,621.40. The broader index crossed above its 20-day moving average.

The gains in the ASX 200 were boosted by top-performing stocks in this index – DRONESHIELD LIMITED and BOSS ENERGY LTD, up 11.65% and 11.44%, respectively. The index has lost 0.87% for the last five days but has gained 5.67% over the last year to date.

ASX 200: Top gainers and losers

Shares on the S&P/ASX 200 saw notable gains led by DroneShield Limited (DRO), which closed at 2.780, up 0.290, or 11.646%. Boss Energy Ltd (BOE) also posted strong gains, rising 11.440% to end at 1.315. In the uranium space, Paladin Energy Ltd (PDN) advanced 0.770, or 9.254%, closing at 9.090, while Deep Yellow Limited (DYL) climbed 8.761% to 1.800. Rounding out the top five gainers, Catalyst Metals Limited (CYL) rose 0.570, or 8.237%, to finish at 7.490.

On the downside, Netwealth Group Limited (NWL) led the declines, falling 1.750, or 6.482%, to close at 25.250. Premier Investments Limited (PMV) declined 0.680, or 4.710%, ending the session at 13.760. Reliance Worldwide Corporation Limited (RWC) slipped 3.413% to 3.680, while Northern Star Resources Ltd (NST) dropped 0.900, or 3.369%, to close at 25.820. Fortescue Ltd (FMG) completed the list of top decliners, falling 0.730, or 3.229%, to finish at 21.880.

S&P/ASX: How other key indices performed

Australian equities finished higher, with major benchmarks posting modest gains across the board. The S&P/ASX 20 rose 0.4%, closing at 4,735.60 after opening at 4,718.70. Similarly, the S&P/ASX 50 advanced 0.3%, ending the session at 8,250.40, compared with an opening level of 8,224.80.
Broader market indices also recorded gains. The S&P/ASX 100 increased 0.4% to close at 7,164.00, up from an opening level of 7,139.00, while the S&P/ASX 300 outperformed slightly, rising 0.5% to finish at 8,584.70, after opening at 8,545.80.

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