Market Alert: COVID-19 Resurgence Renewed Pressure on Global Financial Markets

ASX/200 Closed Higher by 0.52%, Lifted by Energy

May 21, 2025

By the end of the trading session on 21 May 2025, the benchmark index S&P/ASX 200 closed higher by 0.52% and settled at 8,386.80. Out of the 11 sectors, 09 sectors ended lower along with the S&P/ASX 200.

Energy and Healthcare are the top-gaining sector, gaining 1.02% and 0.95% in their index value. On the other hand, Industrials and Consumer Discretionary are the top-losing sector, losing 0.52% and 0.16% in their index value.

Perseus Mining Limited (ASX: PRU) and Emerals Resources NL (ASX: EMR) are the top-gaining stocks, gaining 9.734% and 8.571% in their stock prices. On the other hand, Nufarm Limited (ASX: NUF) and Liontown Resources Limited (ASX: LTR) are the top-losing stocks, losing 30.100% and 7.747% in their stock prices.

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Top gainer for the day:

  • Energy (Up 1.02%)
  • Healthcare (Up 0.95%)

Top loser for the day:

  • Industrials (Down 0.52%)
  • Consumer Discretionary (Down 0.16%)

Other Factors influencing the market:

  • James Hardie Industries (ASX:JHX) dropped 6.2% to $36.11 after flagging weaker-than-anticipated conditions in the US renovations sector, casting a shadow over its ongoing and debated $14 billion acquisition of Azek.
  • Shares of Mayne Pharma Group (ASX:MYX) plummeted 30% to $4.55 following news that US-based Cosette Pharmaceuticals cited a significant deterioration in trading performance, potentially jeopardising its $672 million acquisition of the company.
  • Adriatic Metals (ASX:ADT) surged 25.3% to $4.71 after it granted due diligence access to Dundee Precious Metals, confirming media speculation about possible takeover negotiations involving the Canadian gold producer.
  • Nufarm Limited (ASX:NUF) tumbled 30.1% to $2.81 after cutting its earnings outlook, citing a decline in first-half profit. The agricultural chemical supplier attributed the weaker results to soft fish oil prices and rising operating expenses.
  • Meanwhile, Catapult Group International (ASX:CAT) soared 13.7% to $4.89 after announcing a 19% increase in annual revenue, reaching $US116.5 million ($181.4 million), marking strong growth in its full-year financial performance.
  • On Wall Street, major US indices ended the session with slight losses: the Dow Jones Industrial Average dipped 0.27%, the S&P 500 slipped 0.39%, and the NASDAQ edged down by 0.38%.
  • Today, the Hang Seng Index has risen by 0.62%, while the FTSE 100 is trading slightly higher with a gain of 0.06%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

 

 

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