ASX All Ords Today, January 28: Miners Lead Broad 52-Week Highs
All Ords today is edging higher as ASX miners rally and stack up fresh 52-week highs. Strength spans iron ore, copper, gold, and lithium, signalling firm commodity momentum and a rotation into resources. BHP.AX has reclaimed the market-cap top spot from CBA.AX, while names like MIN, S32 and IGO print new peaks. We outline key numbers, near-term catalysts, and practical ideas for Aussie portfolios watching All Ords today.
Miners drive the index
ASX 52-week highs are broad across iron ore, copper, gold and lithium producers, backing the move in All Ords today. Today’s list of new highs is consistent with the recent upswing noted by local market trackers, pointing to momentum and rotation into resources. See the latest round-up of breakouts from MarketIndex for context source.
Mineral Resources (MIN.AX) set a 52-week high at A$64.06 and trades at A$63.98, up 2.70%. South32 (S32.AX) touched A$4.54 and trades near A$4.50, up 2.51%. IGO (IGO.AX) hit A$9.50 and is at A$9.37, up 0.64%. This cluster of highs adds positive breadth to All Ords today.
BHP retakes market-cap crown
BHP.AX trades around A$50.04, up 3.31%, after printing an intraday A$50.86 and clearing a prior 52-week high of A$50.08. Market cap is A$252.64b, now ahead of CBA. BHP reports on 16 Feb 2026, a key date for dividends, costs and capital plans that could extend today’s strength in the All Ords.
CBA.AX trades near A$150.07, up 0.39% today, but is down 6.86% year-to-date. Market cap sits at A$250.89b, just behind BHP. With banks soft and miners firm, the style tilt in All Ords today favours cyclicals and commodities while investors reassess earnings leverage and payout resilience.
What is powering the ASX miners rally
Firm pricing across iron ore, copper, gold and lithium is supporting producer cash flows, while the tape shows strong breadth. That mix is drawing capital into resources ETFs and could bring index rebalance demand if outperformance holds. For added colour on the 52-week-high cohort cited today, see this local wrap source.
BHP’s RSI is 70.92 and IGO’s is 80.03, both overbought. That flags a risk of short pullbacks even as trends stay strong. Average True Range is rising, so position sizing matters. For All Ords today, we see momentum leadership intact, but respect stops and avoid chasing breakouts without a plan.
How to position around All Ords today
Focus on trend leaders and buy dips near rising 50-day averages: BHP A$45.14, MIN A$54.10, S32 A$3.60 and IGO A$7.78. Scale entries, use alerts at prior breakout levels, and trail stops under recent swing lows. Avoid overcrowding and keep position sizes modest while All Ords today remains momentum driven.
Watch BHP results on 16 Feb 2026 and CBA on 11 Feb 2026 for sector read-throughs on dividends, costs and demand. Company updates on production, costs and balance sheets can shift flows across All Ords today. Also monitor any index rebalance windows that could amplify resource weightings.
Final Thoughts
All Ords today is being steered by miners as multiple ASX names punch to 52-week highs and BHP moves back above CBA on market cap. The setup favours resource leaders while banks lag. For near-term positioning, track pullbacks toward rising 50-day averages, use staged entries, and keep stops tight given overbought signals in several winners. Key catalysts land in mid‑February with BHP and CBA results, which could reset expectations for dividends, costs and capital plans. Stay selective, stick to liquid names, and reassess exposures after earnings updates. This is not financial advice; always do your own research.
FAQs
What is driving the All Ords today?
Miner strength is the big driver. Iron ore, copper, gold and lithium names are posting 52-week highs, signalling firm commodity momentum and broad participation. That breadth is pulling capital toward resources, while bank shares lag. Index and ETF flows may reinforce the move if leadership holds through February results.
Which ASX stocks hit 52-week highs today?
Mineral Resources (MIN.AX) set A$64.06, South32 (S32.AX) reached A$4.54 and IGO (IGO.AX) hit A$9.50. BHP cleared a prior peak with an intraday A$50.86, trading near A$50.04. These breakouts add breadth to All Ords today and support the miners-first leadership theme.
Did BHP reclaim the top spot from CBA?
Yes. BHP’s market cap is A$252.64b versus CBA’s A$250.89b. BHP trades around A$50.04, up 3.31% today, after setting fresh highs. CBA is near A$150.07, up 0.39% on the day but down 6.86% year to date, which helped the shift at the top of the ASX.
Are miners overbought after recent gains?
Some are. BHP’s RSI is 70.92 and IGO’s is 80.03, both overbought. Trends remain strong, but near-term pullbacks can happen. Consider scaling entries on dips toward 50-day averages and use stops under recent swing lows to manage volatility while All Ords today remains momentum led.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
