ASX/200 Closed Higher by 0.15%, Lifted by Energy

By the end of the trading session on 29 May 2025, the benchmark index S&P/ASX 200 closed higher by 0.15% and settled at 8,409.80. Out of the 11 sectors, 07 sectors ended lower along with the S&P/ASX 200.

Energy and Telecommunications Services is the top-gaining sector, gaining 1.22% and 1.07% in their it’s value. On the other hand, A-REIT and Materials are the top-losing sector, losing 0.74% and 0.54% in their index value.

Capstone Copper Limited (ASX: CSC) and Nickel Industries Limited (ASX: NIC) are the top-gaining stocks, gaining 5.542% and 2.985% in their stock prices. On the other hand, Paladin Energy Limited (ASX: PDN) and Smartgroup Corporation Limited (ASX: SIQ) are the top-losing stocks, losing 5.728% and 4.189% in their stock prices.

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Top gainer for the day:

• Energy (Up 1.22%)
• Telecommunications Services (Up 1.07%)

Top loser for the day:

• A-REIT (Down 0.74%)
• Materials (Down 0.54%)

Other Factors influencing the market:

• Fisher & Paykel Healthcare shares declined 4.8% to $32.49, despite the company reporting a 43% increase in full-year net profit. RBC Capital Markets had earlier cautioned that the stock’s strong recent performance might prompt some investors to take profits ahead of the trading session.
• Mineral Resources fell 5.5% to $22.45 after revising its full-year iron ore production forecast downward once again, this time slashing it by up to 10%.
• Webjet’s shares surged 12.4% to $5.26 after the company announced a significant rebound in bookings and total transaction volumes, stating it had "recalibrated and is back on track."
• ALS Limited declined 7.6% to $16.30 following a capital raise in which it issued 21 million new shares to institutional investors, securing $350 million.
• A higher-than-expected rise in April’s Consumer Price Index signals potential challenges ahead for the Reserve Bank of Australia in its effort to steer inflation back to the midpoint of its 2–3% target range, according to Paul Bloxham, HSBC’s chief economist for Australia.
• Oil prices gained alongside equity markets as traders awaited the upcoming OPEC+ committee meeting and assessed the likelihood of additional US sanctions on Russia. Brent crude approached US$65 after losing 1% the previous day, while West Texas Intermediate moved above US$61.
• Global market indices showed mixed results. The Dow Jones Industrial Average slipped 0.58%, and the S&P 500 declined 0.56%, whereas the NASDAQ Composite rose 0.51%, highlighting continued volatility in US markets.
• Meanwhile, Hong Kong’s Hang Seng Index rose 0.87%, and the UK’s FTSE 100 dropped 0.59%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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