BHP dethrones Commonwealth Bank as Australia’s largest stock, widens market capitalisation gap to nearly $3 billion; what it shows about the Australian sharemarket

BHP has reclaimed its position as Australia's largest stock by market capitalization, surpassing Commonwealth Bank. This shift reflects growing investor optimism in the resources sector, driven by a rally in global commodity prices and a surge in metals markets. BHP's market cap exceeded A$253 billion, making it a significant portion of the S&P/ASX 200 Index.