ASX/200 Closed Higher by 0.58%, Lifted by Information Technology

By the end of the trading session on 20 May 2025, the benchmark index S&P/ASX 200 closed higher by 0.58% and settled at 8,343.30. Out of the 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Information Technology and A-REIT are the top-gaining sector, gaining 2.30% and 1.42% in their index value. On the other hand, Utilities and Energy are the top-losing sector, losing 0.55% and 0.15% in their index value.

Technology One Limited (ASX: TNE) and Clarity Pharmaceuticals Limited (ASX: CU6) are the top-gaining stocks, gaining 11.326% and 5.045% in their stock prices. On the other hand, Resmed Inc (ASX: LTR) and Polynovo Limited (ASX: PNV) are the top-losing stocks, losing 4.400% and 4.182% in their stock prices.

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Top gainer for the day:

• Information Technology (Up 2.30%)
• A-REIT (Up 1.42%)

Top loser for the day:

• Utilities (Down 0.55%)
• Energy (Down 0.15%)

Other Factors influencing the market:

• TechnologyOne shares surged 10.8% as the software firm announced a 30% increase in its interim dividend and posted solid revenue growth for the first half of the financial year.
• Telstra Corporation Ltd (ASX: TLS) gained 1.6% after revealing plans to increase prices on most mobile and internet plans by $3 to $5 per month in an effort to boost earnings.
• Tower Limited (NZX: TWR) advanced 3.8% after reporting a 53% jump in interim net profit, reaching NZ$49.7 million (approximately A$45.6 million) for the six months ending March.
• Kogan.com Ltd (ASX: KGN) dropped 10.3% following an investor update that revealed its New Zealand-based online business, Mighty Ape, isn’t expected to return to profitability until 2026 due to challenges from a recent website upgrade.
• Gold prices eased slightly as the safe-haven demand triggered by Moody’s downgrade of the United States credit rating began to subside, and investors shifted focus to improving trade relations between China and the US.
• Oil prices remained steady after two consecutive days of gains, with markets weighing signs that US President Donald Trump may be stepping back from his involvement in resolving the Russia-Ukraine conflict.
• On Wall Street, major US indices closed with modest gains: the Dow Jones Industrial Average rose 0.32%, the S&P 500 edged up by 0.09%, and the NASDAQ posted a slight increase of 0.02%.
• In international markets, the Hang Seng Index climbed 1.42%, while the FTSE 100 edged higher by 0.17%.       

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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