ASX Midday Sector Update: Information Technology Firms Lead Market Jump

February 9, 2026 - 09:29

The Australian share market experienced a strong and broad-based rally on Monday, with every major sector trading higher by midday. Leading the charge was the Information Technology sector, which posted significant gains and set a positive tone for the entire exchange.

Investor sentiment was buoyant, with the benchmark index climbing steadily. The standout performance from tech firms provided a clear catalyst for the upward movement, reflecting renewed confidence in growth-oriented stocks. This sector's surge helped lift other areas of the market, creating a uniformly positive trading session.

Analysts pointed to a combination of factors supporting the rally, including a stable local economic outlook and a favorable lead from international markets. The collective strength across all sectors, from financials to materials, indicates a robust buying appetite among investors.

The midday figures confirm a strong start to the trading week, with the market's breadth—demonstrated by gains in every sector—suggesting the momentum may have room to continue. Market participants will be watching to see if this positive trend holds through the afternoon session.