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

ASX/200 Closed Higher by 0.92%, Lifted by Energy

Apr 29, 2025

 

By the end of the trading session on 29 April 2025, the benchmark index S&P/ASX 200 closed higher by 0.92% and settled at 8,070.60. Out of the 11 sectors, 10 sectors ended higher along with the S&P/ASX 200.

Energy  and Utilities are the top-gaining sectors, gaining 2.33% and 1.87% in their index values. On the other hand, Consumer Staples are the top-losing sector, losing 0.08% in their index value.

Boss Energy Limited (ASX: BOE) and Mineral Resources Limited (ASX: MIN) are the top-gaining stocks, gaining 13.928% and 13.641% in their stock prices. On the other hand, Northern Star Resources Limited (ASX: NST) and Aukland International Airport Limited (ASX: AIA) are the top-losing stocks, losing 4.888% and 3.795% in their stock prices.

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Top gainer for the day:

  • Energy (Up 2.33%)
  • Utilities (Up 1.87%)

Top loser for the day:

  • Consumer Staples (Down 0.08%)

Other Factors influencing the market:

  • Mineral Resources (ASX: MIN) followed closely behind Boss Energy among the top gainers on the ASX, jumping 13.2% to $20.57. This surge came even as the company revised its iron ore output guidance downward, a move largely overlooked by investors.
  • Northern Star Resources (ASX: NST) slipped 4.7% to $19.88 after the company reduced its full-year gold production forecast, triggering a negative reaction in the market.
  • Whitehaven Coal (ASX: WHC) climbed 4.7% to $5.08 despite reporting lower quarterly output and sales. The decline was attributed to adverse weather in Queensland and slower-than-expected progress at its Narrabri operations, but investors appeared unbothered.
  • The Australian dollar reached a new high for 2025, benefiting from uncertainty surrounding U.S. trade policy developments, which put pressure on the U.S. dollar.
  • Crude oil prices edged lower as investors digested mixed U.S. economic indicators and monitored geopolitical developments related to trade tensions, particularly with China’s efforts to mitigate the impact of tariffs.
  • Wall Street closed the day with modest gains. The Dow Jones Industrial Average added 0.28%, the S&P 500 rose 0.06%, while the NASDAQ slipped slightly by 0.10%. 
  • In international markets, Hong Kong’s Hang Seng Index dipped 0.13%, and London’s FTSE 100 posted a marginal gain of 0.02%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

 

 

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