ASX/200 Closed Lower by 0.31%, Dragged down by Materials

By the end of the trading session on 12 June 2025, the benchmark index S&P/ASX 200 closed lower by 0.31% and settled at 8,565.10. Out of the 11 sectors, 04 sectors ended lower along with the S&P/ASX 200.

Information Technology and Telecommunications Services is the top-gaining sector, gaining 0.66% and 0.43% in their it’s value. On the other hand, Materials and Financial is the top-losing sector, losing 1.00% and 0.52% in its index value.

Genesis Minerals Limited (ASX: GMD) and Clarity Pharmaceuticals Limited (ASX: CU6) are the top-gaining stocks, gaining 6.026% and 4.932% in their stock prices. On the other hand, Mineral Resources Limited (ASX: MIN) and Champion Iron Limited (ASX: CIA) are the top-losing stocks, losing 7.818% and 6.237% in their stock prices.

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Top gainer for the day:

• Information Technology (Up 0.66%)
• Telecommunications Services (Up 0.43%)

Top loser for the day:

• Materials (Down 1.00%)
• Financial (Down 0.52%)

Other Factors influencing the market:

• Cettire Limited (ASX: CTT) was one of the day’s weakest performers, plunging 31.2% to 32 cents after CEO Dean Mintz highlighted declining demand in the US market. The luxury e-commerce retailer posted a modest 1.7% increase in annual sales revenue, reaching $693.8 million.
• Monash IVF Group (ASX: MVF) saw its shares jump 9.1% to 66 cents following the announcement that CEO Michael Knaap has stepped down. His resignation comes after the company reported a second embryo-related incident within two months.
• Cochlear Limited (ASX: COH) edged up 0.7% to $272.30, even as the hearing device maker revised its full-year earnings forecast downwards. The company now expects net profit to fall between $390 million and $400 million, compared to its earlier estimate of $410 million to $430 million, citing slower-than-anticipated sales growth.
• Department store Myer Holdings (ASX: MYR) saw a 0.7% dip in share price to 69 cents after announcing that long-standing board member Jacquie Naylor will retire at the end of June, following six years of service.
• Meanwhile, oil prices surged after the US government initiated a partial evacuation of its embassy staff in Iraq due to escalating security threats.
• On the global markets front, the Dow Jones Industrial Average remained unchanged, the S&P 500 slipped by 0.27%, and the NASDAQ Composite fell 0.50%. 
• In other regions, Hong Kong’s Hang Seng Index dropped by 0.96%, while the FTSE 100 in the UK recorded a marginal gain of 0.03%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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