ASX/200 Closed Higher by 0.02%, Lifted by Telecommunication Services

By the end of the trading session on 08 July 2025, the benchmark index S&P/ASX 200 closed higher by 0.02% and settled at 8,590.70. Out of the 11 sectors, 04 sectors ended lower along with the S&P/ASX 200.

Telecommunications Services and Finance is the top-gaining sector, gaining 0.48% and 0.32% in their it’s value. On the other hand, Consumer Staples and Utilities are the top-losing sector, losing 1.44% and 1.10% in their index value.

Vault Minerals Limited (ASX: VAU) and West African Resources Limited (ASX: WAF) are the top-gaining stocks, gaining 7.792% and 5.240% in their stock prices. On the other hand, HMC Capital Limited (ASX: HMC) and NUIX Limited (ASX: NXL) are the top-losing stocks, losing 5.353% and 4.673% in their stock prices.

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Top gainer for the day:

• Telecommunication Services (Up 0.48%)
• Financial (Up 0.38%)

Top loser for the day:

• Consumer Staples (Down 1.44%)
• Utilities (Down 1.10%)

Other Factors influencing the market:

• South32 shares declined by 1.9% to $3.04 after Goldman Sachs downgraded its rating to “neutral” and set a short-term price target of $2.90.
• Amplitude Energy surged 4.6% to 23¢ following the announcement that Ian Davies will succeed John Conde as chairman in November.
• Domino’s Pizza Enterprises Ltd (ASX: DMP) rose 2.4% to $18.45 after UBS upgraded its rating on the stock to “buy” from “neutral,” following a dip last week when CEO Mark van Dyck unexpectedly announced his resignation.
• Platinum Asset Management gained 3% to 52¢ after it confirmed the final terms of its planned merger with L1 Capital, a deal that would form a $16.5 billion investment powerhouse.
• Reserve Bank of Australia Governor Michele Bullock defended the RBA’s approach to communication, stating that post-meeting press conferences are intended to clarify the reasoning behind monetary policy decisions.
• The Australian dollar and bond yields rose sharply after the RBA surprised markets by keeping the cash rate steady at 3.8%.
• In global markets, the Dow Jones Industrial Average dropped 0.94%, the S&P 500 slid 0.79%, and the NASDAQ lost 0.92%.
• Meanwhile, the Hang Seng rose 1.09%, and the FTSE 100 edged up by 0.10%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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