Mid-Market: S&P/ASX 200 Trading Flat; JHX Declined By More Than 25%

On 24 March 2025, at AEDT 12:30 PM, the benchmark index S&P/ASX 200 is trading flat today, and is currently trading at 7,926.10 levels. Out of 11, 6 sectors are trading lower and 5 sectors are trading higher.

The Consumer Discretionary and Utilities sectors are the top 2 gaining sectors, gaining 0.83% and 0.44% in their index values. On the other hand, Materials and Consumer Staples sectors are the top 2 declining sectors, declining 1.14% and 1.10% in their index values.

Qantas Airways Limited (ASX: QAN) and Telix Pharmaceuticals Limited (ASX: TLX) are the top-gaining stocks, gaining 2.771% and 2.698% in their stock prices. On the other hand, Helia Group Limited (ASX: HLI) and James Hardie Industries PLC (ASX: JHX) are the top-losing stocks and are declining by 25.774% and 13.569% in their stock prices.

Factors influencing the market-

• The Australian share market is trading flat today as Donald Trump’s back-and-forth approach to tariffs kept traders cautious and a steep sell-off in James Hardie Industries weighed on the bourse.
• James Hardie Industries  PLC’s shares crashed after striking a deal to merge with NYSE-listed AZEK in a cash and share transaction worth US$8.8 billion ($14 billion). The deal will see AZEK shareholders receive stock and cash valued at US$56.88 and will own about 26% of the combined company, which will be listed on the New York Stock Exchange.
• Kelsian lifted after it commenced negotiations with Transport NSW over its provision of public bus services to Sydney’s inner west for a further year.
• Oil prices held steady today as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
• The Dow has closed up by 0.08%, the S&P 500 closed up by 0.08%, and the NASDAQ ended higher by 0.52%.
• Hang Seng is down by 2.19%, and FTSE 100 is down by 0.63%.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com