Market Alert: Gold and Silver Continue to Outperform with Robust Gains.

ASX/200 Closer Lower by 0.79%, Dragged down by Financial

Jul 16, 2025

By the end of the trading session on 16 July 2025, the benchmark index S&P/ASX 200 closed lower by 0.79% and settled at 8,561.80. Out of the 11 sectors, 09 sectors ended lower along with the S&P/ASX 200.

Information Technology and Energy are the top-gaining sector, gaining 0.85% and 0.10% in their it’s value. On the other hand, Financial and Materials are the top-losing sectors, losing 1.36% and 1.16% in its index value.

NUIX Limited (ASX: NXL) and Lifestyle Communities Limited (ASX: LIC) are the top-gaining stocks, gaining 7.582% and 6.487% in their stock prices. On the other hand, Newmont Corporation (ASX: NEM) and IMDEX Limited (ASX: IMD) are the top-losing stocks, losing 5.730% and 4.015% in their stock prices.

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Top gainer for the day:

  • Information Technology (Up 0.85%)
  • Energy (Up 0.10%)

Top loser for the day:

  • Financial (Down 1.36%)
  • Materials (Down 1.16%)

Other Factors influencing the market:

  • Newmont Corporation (NYSE: NEM) declined by 5.7% to $87.70 following the unexpected resignation of Chief Financial Officer Karyn Ovelmen and the announcement of divestments in Greatland Resources and Discovery Silver, generating $470 million as part of a broader effort to streamline its asset portfolio.
  • Shares of South32 Limited (ASX: S32) dropped 3% to $2.88 after UBS revised its price target downward from $3.20 to $3.00, citing concerns over power supply reliability at the Mozal aluminium smelter and deteriorating drought conditions.
  • Evolution Mining Limited (ASX: EVN) recovered some of its earlier losses but still ended the session 2.3% lower. The miner projected robust cash flow starting FY26, underpinned by a record $2.3 billion in operating cash flow from its mining operations.
  • Lendlease Group (ASX: LLC) gave up early gains to close 1.7% lower after revealing it had acquired a premium development site at 175 Liverpool Street in Sydney’s CBD, earmarked for a $2.5 billion luxury residential tower project.
  • Meanwhile, crude oil prices continued to retreat in overnight trading, amid skepticism that US President Donald Trump’s pressure campaign on Moscow will significantly impact Russia’s crude exports.
  • In the latest market snapshot, the Dow Jones declined by 0.98%, the S&P 500 slipped 0.40%, while the NASDAQ Composite edged up 0.18%. 
  • Meanwhile, Hong Kong’s Hang Seng rose 0.14%, and the UK’s FTSE 100 fell by 0.66%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

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