ASX/200 Closed Lower by 0.04%, Dragged down by Energy

By the end of the trading session on 16 April 2025, the benchmark index S&P/ASX 200 closed lower by 0.04% and settled at 7,758.90. Out of 11 sectors, 06 sectors ended lower along with the S&P/ASX 200. Financial and Consumer Staples are the top-gaining sectors, gaining 0.97% and 0.77% in their index values. Meanwhile, Energy and Information Technology is the top-losing sector, losing 2.65% and 1.31% in their index values. Zip Co. Limited (ASX: ZIP) and Genesis Minerals Limited (ASX: GMD) are the top-gaining stocks, gaining 16.216% and 8.395% in their stock prices. On the other hand, Perpetual Limited (ASX: PPT) and Mineral Resources Limited (ASX: MIN) are the top-losing stocks, losing 9.075% and 8.987% in their stock prices.

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Top gainer for the day:

• Financial (Up 0.97%)
• Consumer Staples (Up 0.77%)

Top loser for the day:

• Energy (Down 2.65%)
• Information Technology (Down 1.31%)

Other Factors influencing the market:

• Shares of Zip Co Limited (ASX: ZIP) surged 16.2% to $1.72, making it the second-best performer on the All Ordinaries index after the company raised its full-year earnings forecast, fueling investor optimism.
• Rio Tinto Limited (ASX: RIO) fell 2.7% to $103.37 as its main iron ore business reported its slowest quarterly start in a decade. The mining giant cited extreme weather disruptions, estimating a $150 million cost to address the impact.
• Bank of Queensland Limited (ASX: BOQ) climbed 5.5% to $6.86 after projecting improved earnings margins in the second half of the financial year, downplaying concerns over global economic uncertainty.
• China's economy grew faster than forecast in the first quarter, just ahead of retaliatory tariffs being imposed on its exports to the United States, highlighting underlying strength despite mounting trade tensions.
• Oil prices stabilised following Tuesday’s dip, as traders weighed concerns about oversupply and weakening demand due to the intensifying US-China trade dispute.
• In the US, equities saw mild gains overnight. The Dow Jones Industrial Average edged down 0.38%, the S&P 500 slipped 0.17%, and the NASDAQ eased by 0.05%.
• In international markets, Hong Kong’s Hang Seng Index dropped 2.37%, while London’s FTSE 100 rose by 1.41%, reflecting mixed sentiment across major global exchanges.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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