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

ASX/200 Closed Higher by 0.60%, Lifted by Materials

Apr 24, 2025

By the end of the trading session on 24 April 2025, the benchmark index S&P/ASX 200 closed higher by 0.60% and settled at 7,968.20. Out of the 11 sectors, 08 sectors ended higher along with the S&P/ASX 200.

Materials and Healthcare are the top-gaining sectors, gaining 1.16% and 1.10% in their index values. On the other hand, Energy and Consumer Staples are the top-losing sectors, losing 0.55% and 0.44% in their index values.

Paladin Energy Limited (ASX: PDN) and Clarity Pharmaceuticals Limited (ASX: CU6) are the top-gaining stocks, gaining 12.096% and 10.096% in their stock prices. On the other hand, Woodside Energy Group Limited (ASX: WDS) and Sigma Healthcare Limited (ASX: SIG) are the top-losing stocks, losing 2.008% and 1.955% in their stock prices.

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Top gainer for the day:

  • Healthcare (Up 1.22%)
  • Materials (Up 1.15%)

Top loser for the day:

  • Energy (Up 0.70%)
  • Consumer Staples (Up 0.45%)

Other Factors influencing the market:

  • Sleep device manufacturer ResMed gave a significant boost to the ASX 200’s healthcare sector, jumping 8.5% to $36.08 after informing investors it had secured an exemption from former U.S. President Donald Trump’s trade tariffs.
  • Generation Development Group dropped 14.9% to $4.13 after its trading update failed to meet market expectations, despite reporting asset growth across all its investment arms.
  • Shares of PWR Holdings fell 5.7% to $6.32 following the announcement that its founder and CEO, Kees Weel, would be taking a temporary medical leave to undergo treatment.
  • Botanix Pharmaceuticals reported a surge in revenue during the first quarter, driven by the successful commercial rollout of its Sodfra topical gel.
  • James Hardie Industries gained 3.1% after Australian Treasurer Jim Chalmers raised the issue of the ASX allowing a company to change its primary listing location without shareholder approval, during a discussion with the exchange's chairman.
  • Oil prices, however, posted their largest two-week decline as traders assessed the possibility of increased output from OPEC+ alongside continued trade-related uncertainty between the U.S. and China.
  • On the international front, Wall Street ended the trading day on a positive note, the Dow Jones Industrial Average climbed 1.07%, the S&P 500 rose 1.67% and the NASDAQ jumped 2.50%
  • Meanwhile, regional markets were mixed: the Hang Seng Index fell 1.22%, while the FTSE 100 advanced 0.90%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

 

 

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