ASX/200 Closed Lower by 0.24%, Dragged down by Energy

By the end of the trading session on 02 June 2025, the benchmark index S&P/ASX 200 closed higher by 0.24% and settled at 8,414.10. Out of the 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Telecommunications Services and Industrials is the top-gaining sector, gaining 0.39% and 0.18% in their it’s value. On the other hand, Energy and Utilities are the top-losing sector, losing 1.39% and 0.82% in their index value.

Brickworks Limited (ASX: BKW) and Washington H Soul Pattinson & Company Limited (ASX: SOL) are the top-gaining stocks, gaining 27.590% and 16.436% in their stock prices. On the other hand, Clarity Pharmaceuticals Limited (ASX: CU6) and Mineral Resources Limited (ASX: MIN) are the top-losing stocks, losing 12.269% and 11.763% in their stock prices.

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Top gainer for the day:

• Telecommunications Services (Up 0.39%)
• Industrials (Up 0.18%)

Top loser for the day:

• Energy (Down 1.39%)
• Utilities (Down 0.82%)

Other Factors influencing the market:

• BlueScope Steel Ltd surged 5.1% as investors speculated it could benefit from former U.S. President Donald Trump’s decision to double tariffs on steel imports. The company’s strong presence in the U.S.—contributing nearly half of its total earnings—fueled market optimism.
• Washington H. Soul Pattinson and Company Limited (ASX: SOL) rallied 14.2%, and Brickworks Limited (ASX: BKW) jumped 23.8% after announcing a landmark merger. The planned $14 billion deal would establish a diversified ASX-listed powerhouse across investments, private capital, industrial property, and building products.
• James Hardie Industries plc climbed 2.3% after securing a $3.5 billion debt facility to support its acquisition of Azek. The financing received broad support from a consortium of 30 banks.
• Perpetual Limited rose 1.5% on reports that Bain Capital, led by Mike Murphy, submitted a preliminary offer for its wealth management division.
• China issued sharp criticism toward the United States on Monday, accusing Washington of taking actions that undermine Chinese interests. The allegations include imposing new export restrictions on AI chips, suspending sales of chip design software to Chinese firms, and reportedly considering the revocation of Chinese student visas.
• Global markets displayed a mixed performance, with the Dow Jones Industrial Average inching up by 0.13%, while the S&P 500 dipped marginally by 0.01% and the NASDAQ Composite fell 0.32%. 
• In Asia, the Hang Seng Index declined by 1.63%, whereas in Europe, London’s FTSE 100 recorded a 0.64% gain.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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