Market Alert: Strong Breakout Setup Emerging in ASX 200 Utilities Sector

ASX/200 Closed Higher by 0.36%, Lifted by Energy

Apr 28, 2025

 

By the end of the trading session on 28 April 2025, the benchmark index S&P/ASX 200 closed higher by 0.36% and settled at 7,997.10. Out of the 11 sectors, 10 sectors ended higher along with the S&P/ASX 200.

Energy  and Information Technology are the top-gaining sectors, gaining 1.59% and 1.42% in their index values. On the other hand, Materials are the top-losing sector, losing 0.59% in their index value.

Iluka Resources Limited (ASX: ILU) and IDP Education Limited (ASX: IEL) are the top-gaining stocks, gaining 5.235% and 4.294% in their stock prices. On the other hand, Clarity Pharmaceuticals Limited (ASX: CU6) and Telix Pharmaceuticals Limited (ASX: TLX) are the top-losing stocks, losing 8.297% and 6.583% in their stock prices.

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Top gainer for the day:

  • Energy (Up 1.59%)
  • Information Technology (Up 1.42%)

Top loser for the day:

  • Materials (Down 0.59%)

Other Factors influencing the market:

  • Index heavyweight Brambles Limited (ASX: BXB) dragged on the broader market, falling 5% to $19.83 after it downgraded its sales revenue growth forecast, citing ongoing uncertainty around consumer demand.
  • Telix Pharmaceuticals Limited (ASX: TLX) also faced selling pressure, declining 6.6% to $26.68 at the time of writing, after the US Food and Drug Administration (FDA) rejected its new drug application for TLX101-CDx, an imaging agent used in managing glioma, a type of brain cancer.
  • Meanwhile, Ainsworth Game Technology Limited (ASX: AGI) shares surged 31.1% to 97 cents following news that majority shareholder Novomatic plans to acquire all remaining shares, valuing the poker machine maker at approximately $336.8 million.
  • ALS Limited (ASX: ALQ) gained 3.9% to $16.36 after the company assured investors that newly announced tariffs from the US and its trade partners were unlikely to cause any material increase in input costs.
  • Oil prices remained steady after a turbulent week, with traders evaluating the latest trade war developments, awaiting details on China’s economic support measures, and monitoring geopolitical tensions involving Iran.
  • On Wall Street, all three major indices ended higher — the Dow Jones Industrial Average edged up 0.05%, the S&P 500 advanced 0.74%, and the NASDAQ gained 1.26%.
  • In international markets today, the Hang Seng Index has risen 0.30%, while the FTSE 100 is up 0.09%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

 

 

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