Market Alert : Uranium Surge and ASX 200 Technical Outlook: Key Resistance Levels in Focus

S&P/ASX 200 Closed Lower; Records Second Weekly Drop In A Row

By the end of the trading session on 07 November 2025, the benchmark index S&P/ASX 200 ended lower by 0.66% and settled at AU$8,769.70. Out of 11, 5 sectors closed lower along with the ASX 200.

The Telecommunication Services and Consumer Staples sectors were the top 2 gaining sectors, gained 0.72% and 0.61% in their index values. On the other hand, the Information Technology and Financial sectors were the top 2 declining sectors, declined by 2.25% and 1.27% in their index values.

AUB Group Limited (ASX: AUB) and ASX Limited (ASX: ASX) were the top gainers, with 6.285% and 3.773% growth in share prices, respectively. On the other hand, Block Inc. (ASX: XYZ) and Zip Co Limited (ASX: ZIP) were the top losers, with a 15.756% and 6.649% drop in share prices, respectively.

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Top Performers for the day:

  • Telecommunication Services (Up 0.72%)
  • Consumer Staples (Up 0.61%)

Top Loser for the day:                                    

  • Information Technology (Down 2.25%)
  • Financial (Down 1.27%)

Other Factors influencing the market:

  • The Australian share market closed lower on Friday, marking its second straight weekly decline. Investor sentiment weakened after the Reserve Bank of Australia kept the cash rate unchanged on Tuesday, leading markets to scale back expectations of an interest rate cut in the current cycle.
  • The technology sector led the market lower, mirroring declines on the Nasdaq. Sydney-based Iren slumped 12%, while WiseTech Global dropped 2.7% to $66.17, Life360 fell 3.6% to $46.64, and Xero slipped 2.5% to $141.74.
  • News Corp climbed 3% to $46.35 after reporting stronger-than-expected September quarter revenue of US$2.14 billion ($3.31 billion), supported by solid performances from Dow Jones and its real estate services division, which helped offset weaker advertising in Australian print publications.
  • Afterpay’s parent company, Block, tumbled 15.8% to $95.12 following a third-quarter revenue result of US$6.11 billion, missing expectations of US$6.34 billion.
  • Qantas slid 6.6% to $9.51 after projecting first-half FY26 domestic unit revenue growth of around 3% - at the lower end of its guidance—and flagging that corporate demand outside the resources sector was expanding more slowly than leisure travel.
  • The Dow has closed down by 0.84%, the S&P 500 closed down by 1.12%, and the NASDAQ ended lower by 1.90%.
  • Hang Seng is down by 0.90%, and FTSE 100 is down by 0.40%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

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