Top 5 ASX 200 Highlights to Watch on Friday, January 23, 2026
The S&P/ASX 200 Index displayed a robust performance on Thursday, January 22, 2026, climbing by 0.75% to reach 8,848.7 points. Market watchers are curious if this upward momentum will continue into Friday.
ASX 200 Expected to Open Higher on January 23, 2026
The Australian stock market is anticipated to rise on Friday, bolstered by positive trends from the United States. SPI futures indicate that the ASX 200 will open 6 points higher, a modest increase of 0.1%.
Wall Street Performance
- Dow Jones increased by 0.95%
- S&P 500 rose by 0.8%
- Nasdaq gained 1.15%
Impact of Falling Oil Prices
The energy sector, specifically ASX 200 companies like Santos Ltd and Woodside Energy Group Ltd, may face challenges due to a decline in oil prices. Data from Bloomberg reported that
- WTI crude oil fell by 2.2% to US$59.27 per barrel
- Brent crude decreased by 2% to US$63.95 per barrel
This downturn was influenced by recent comments from Donald Trump regarding international relations, particularly with Greenland and Iran.
Market Recommendations for Lynas and Regis Resources
Sell Rating on Lynas Rare Earths
Analysts at Bell Potter have voiced concerns regarding Lynas Rare Earths Ltd, suggesting its stock is overvalued. The brokerage reiterated a sell rating with a revised target price of $11.15, reflecting a potential downside of 33% for current investors.
Positive Outlook for Regis Resources
Conversely, Bell Potter maintained a buy rating on Regis Resources Ltd, raising its price target from $7.05 to $8.85. This suggests a possible upside of 17% as the company is deemed favorable due to its all-Australian portfolio, steady cash generation, and debt-free status.
Gold Prices and Mining Stocks
Gold shares in the ASX 200, such as Evolution Mining Ltd and Newmont Corporation, may benefit from rising gold prices. As reported by CNBC, gold futures have increased by 1.8% to US$4,925.4 per ounce, driven by safe-haven demand.
As investors gear up for Friday’s trading session, keeping an eye on these developments will be crucial for those involved in the ASX 200.
