The materials sector jumped almost 3% at midday Monday as iron ore prices jumped over 1.8% to $102.4 per tonne.

The ASX/S&P 200 hit an intraday trading record of 9054.50 points earlier in the session.

Pilbara Minerals (ASX:PLS), whose shares were up 4%, reported that it swung to a loss of AU$0.0633 per share in fiscal year 2025 from a profit of AU$0.845 a year earlier. Operating revenue for the 12 months ended June 30 was AU$768.9 million, compared with AU$1.25 billion a year earlier

On the other hand, the consumer staples sector fell 1%.

Endeavour Group (ASX:EDV), whose shares were down 2%, reported fiscal year 2025 earnings of AU$0.237 per share, down from AU$0.286 a year earlier. Revenue for the 12 months ended June 30 was AU$12.06 billion, compared with AU$12.31 billion a year earlier. Analysts surveyed by FactSet expected AU$12.09 billion.