ASX/200 Closed Lower by 0.03%, Dragged down by Information Technology

By the end of the trading session on 22 April 2025, the benchmark index S&P/ASX 200 closed lower by 0.03% and settled at 7,816.70. Out of 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Financial and Consumer Staples are the top-gaining sectors, gaining 1.23% and 0.33% in their index values. Meanwhile, Information Technology and Energy is the top-losing sector, losing 2.26% and 1.91% in their index values.

West African Resources Limited (ASX: WAF) and Evolution Mining Limited (ASX: EVN) are the top-gaining stocks, gaining 6.611% and 4.846% in their stock prices. On the other hand, Paladin Energy Limited (ASX: PDN) and Zip Co Limited (ASX: ZIP) are the top-losing stocks, losing 12.528% and 9.037% in their stock prices.

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Top gainer for the day:

• Financial (Up 1.23%)
• Consumer Staples (Up 0.33%)

Top loser for the day:

• Information Technology (Down 2.26%)
• Energy (Down 1.91%)

Other Factors influencing the market:

• Deep Yellow Ltd dropped 8.2% to 83 cents after announcing a delay in development at its primary Namibian project, citing weak conditions in the uranium market.
• Bellevue Gold Ltd fell 7.1% to 91 cents, even though it informed investors of the closure of short-term hedge contracts that were locked in at prices significantly below current spot rates.
• AMP Ltd rose 0.4% to $1.15 following a buy rating upgrade from Citi. The investment bank noted the company’s appealing valuation and stated that much of the downside risk appears already factored into the share price.
• Gold prices have surged past US$3,500 per ounce for the first time, spurred by investor concerns that U.S. President Donald Trump might dismiss Federal Reserve Chair Jerome Powell—prompting a shift away from American stocks, bonds, and the dollar.
• Oil prices ticked up slightly after a sharp decline the day before, as markets remained unsettled by Trump’s continued public criticism of Fed Chair Powell.
• U.S. stock indices closed lower overnight, with the Dow Jones Industrial Average losing 2.48%, the S&P 500 declining 2.36%, and the NASDAQ retreating 2.55%.
• In today’s session, Hong Kong’s Hang Seng Index is up 0.58%, while London’s FTSE 100 has edged down 0.08%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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