S&P/ASX 200 ends week with a drop as Australian shares ease after record run, Guzman y Gomez sees big dip; check top gainers and losers

Australian shares finished the week lower, closing a few pips lower on Friday 20 February 2026, but maintained weekly gains after being supported by strong corporate profits as banks pared losses on the day. The S&P/ASX 200 closed just 4.80 points lower at 9,081.40 points on Friday. The four-day winning streak has ended, but the indicator is up 1.8% for the week after reaching a record high of 9,118.3 on Thursday, February 19, 226.

According to the ASX website, the underperforming stocks on this index were GUZMAN Y GOMEZ LIMITED and MEGAPORT LIMITED, down 13.94% and 11.79% respectively. Over the past five days, the index has gained 1.84% and is now 0.40% below its 52-week high.

Investors now await results from Woodside Energy, Woolworths, Coles and Qantas, while markets rebounded on solid earnings from BHP and National Australia Bank. In the week investors rejoiced as earnings from companies such as QBE Insurance Group rose 7.1% on the day, while failures such as rival Suncorp Group were punished.

S&P/ASX 200: Top gainers and losers

The top five countries in the S&P/ASX 200 have made solid progress. TLX, Telix Pharmaceuticals Limited, rose $1,300, or 14.238%, to close at $10,430. QBE, QBE Insurance Group Limited, rose $1,420, or 7.078%, to close at $21,480. ASB, Austal Limited ended the session at $6,300 and gained $0.330, or 5.527%. PDN, Paladin Energy Ltd, rose $0.720, or 5.442%, to settle at $13.950. BGA, Bega Cheese Limited, rounded out the top five at $6,540, up $0.330 or 5.314%.

Among the biggest decliners, GYG, Guzman y Gomez Limited fell $2,840, or 13,943%, to close at $17,530. MP1, Megaport Limited, lost $1,290, or 11,792%, to $9,650. LTR, Liontown Limited, ended at $1.620, down $0.110, or 6.359%. MIN, Mineral Resources Limited, fell $2,840, or 5.251%, to $51,250. NEM, Newmont Corporation, fell $8,650, or 4,908%, to close at $167,600.

S&P/ASX 200: Sectors ended mixed

Sectors ended mixed. According to the ASX website, 6 out of 11 sectors fell, along with the S&P/ASX 200 Index. The utilities sector was the best performing sector, recording gains of +0.73% and +1.04% respectively in the last five days. Miners that day fell 0.7% after Rio Tinto, the world’s largest iron ore producer, fell 3.1% after reporting annual profits after market hours that missed forecasts on Thursday. Despite this, the subindex is up 0.9% this week, boosted by upbeat earnings from rival BHP, whose shares rose 0.2% on the day.