Ziprecruiter Inc-A

Australian shares saw muted gains on Monday, with the benchmark index rising marginally as strength in gold miners countered weakness in financials and energy. The market remains cautious amid rising credit provisions and geopolitical oil price pressures.

Zip Co plans a $50 million share buyback after its stock plunged 37% in two days. The move comes despite management forecasting flat second-half earnings and increased credit losses.

Zip Co Ltd shares crashed 34.4% following its half-year report, as a forecast for flat profit growth in the second half rattled investors. The stock hit its lowest level since May 2025.

Zip Co shares advanced 2.8% to A$2.58 in Sydney trading, extending a two-session rally ahead of Thursday's half-year results. The buy-now-pay-later stock often experiences significant swings around earnings announcements.