ASX/200 Closed Lower by 0.36%, Dragged down by Industrials

By the end of the trading session on 23 June 2025, the benchmark index S&P/ASX 200 closed lower by 0.36% and settled at 8,474.90. Out of the 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Financial and Energy  is the top-gaining sector, gaining 0.35% and 0.13% in their it’s value. On the other hand, and Industrials and Materials are the top-losing sector, losing 1.40% and 1.32% in their index value.

Viva Energy Group Limited (ASX: VEA) and Metcash Limited (ASX: MTS) are the top-gaining stocks, gaining 4.347% and 2.702% in their stock prices. On the other hand, Bellevue Gold Limited (ASX: BGL) and Brambles Limited (ASX: BXB) are the top-losing stocks, losing 6.383% and 5.009% in their stock prices.

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Top gainer for the day:

• Financial (Up 0.35%)
• Energy (Up 0.13%)

Top loser for the day:

• Industrials (Down 1.40%)
• Materials (Down 1.32%)

Other Factors influencing the market:

• Qantas shares fell 1.9% to $10.08 amid rising oil prices. However, Ten Cap’s Liu noted that the modest decline suggested investors were optimistic that the conflict between Israel and Iran would be short-lived.
• Adairs, a homewares and furniture retailer, saw its stock tumble nearly 20.5% to $2.05 after cautioning that its annual earnings would fall short of last year’s figures. The company said increased promotional efforts had boosted sales but would negatively affect profit margins.
• Temple & Webster, another homewares retailer, dropped 2.3% to $20.87. According to Liu, this may have been a reaction to Adairs’ downbeat earnings outlook, which likely raised concerns among investors.
• Meanwhile, supermarket wholesaler Metcash gained 2.7% to $3.80. Although it reported a 2.4% decline in underlying net profit to $275.5 million, the result slightly exceeded market expectations.
• Gold prices slipped after initially rising, as global markets awaited Iran’s next move following joint strikes by the US and Israel on the Islamic Republic over the weekend.
• The Australian dollar eased to US64.35¢ from US64.50¢ earlier in the session, as traders remained cautious about potential Iranian retaliation.
• On international markets, the Dow Jones Industrial Average inched up 0.08%, while the S&P 500 dipped 0.22% and the NASDAQ Composite fell 0.51%. 
• In contrast, the Hang Seng gained 0.53%, whereas the FTSE 100 declined 0.20%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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