Market Alert: ASX200 at Critical Support – Reversal or Further Fall?

%Mid-Market: S&P/ASX 200 Trading Higher; Rebounded From A Six -Month Low

Mar 10, 2025

On 10 March 2025, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 26.20 points or 0.33%, and is currently trading at 7,974.40 levels. Out of 11, 7 sectors are trading higher along with the gain in the S&P/ASX 200.

The Energy and Materials sectors are the top 2 gaining sectors, gaining 1.58% and 0.72% in their index values. On the other hand, Consumer Discretionary and Healthcare sectors are the top 2 declining sectors, declining 0.43% and 0.42% in their index values.

Polynovo Limited (ASX: PNV) and Vault Minerals Limited (ASX: VAU) are the top-gaining stocks, gaining 5.416% and 3.658% in their stock prices. On the other hand, Johns Lyng Group Limited (ASX: JLG) and Liontown Resources Limited (ASX: LTR) are the top-losing stocks and are declining by 8.750% and 3.937% in their stock prices.

Factors influencing the market-

  • Australian shares rebounded today from a six-month low, in line with gains on Wall Street, as bargain hunters stepped in after tariff announcements unleashed chaos in equity markets last week.
  • Star Entertainment Group Limited’s shares traded flat after it has confirmed it is considering a last-minute rescue bid from US casino operator Bally’s, just days after agreeing to sell a 50% stake in its Queen’s Wharf precinct in an alternative deal.
  • Oil prices are falling today as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets.
  • The Dow has closed up by 0.52%, the S&P 500 closed up by 0.55%, and the NASDAQ ended higher by 0.70%.
  • Hang Seng is down by 0.11%, and FTSE 100 is down by 0.03%.

 

 

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