ASX/200 Closed Higher by 0.07%, Lifted by Consumer Discretionary

By the end of the trading session on 24 March 2025, the benchmark index S&P/ASX 200 closed higher by 0.07% and settled at 7,936.90. Out of 11 sectors, 03 sectors ended higher along with the S&P/ASX 200.

Consumer Discretionary and Financial is the top-gaining sector gaining 1.14% and 1.06% in their index value. On the other hand, Consumer Staples and Information Technology are the top-losing sectors losing 1.69% and 1.07% in their index value.

Mineral Resources Limited (ASX: MIN) and Telix Pharmaceuticals Limited (ASX: TLX) are the top-gaining stocks, gaining 6.898% and 4.360% in their stock prices. On the other hand, Helia Group Limited (ASX: HLI) and James Hradie Industries PLC (ASX: JHX) went down by 25.567% and 14.530% respectively are the top-losing stocks.

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Top gainer for the day:

• Consumer Discretionary (Up 1.14%)
• Financial (Up 1.06%)

Top loser for the day:

• Consumer Staples  (Down 1.69%)
• Information Technology (Down 1.07%)

Other Factors influencing the market:

• Mineral Resources Limited (ASX: MIN) surged 4.5% after reopening its Onslow Iron haul road, which had been temporarily shut last week following a sixth truck incident.
• Fortescue Metals Group (ASX: FMG) climbed 1.9% after UBS upgraded its rating from "sell" to "neutral", citing a more optimistic outlook on iron ore prices and reduced concerns over low-grade discounts.
• Synlait Milk Limited (ASX: SML) dropped 8.2% as investors reacted negatively to its latest financial results. Despite reporting a 105% surge in profit to $4.8 million, the company's performance failed to meet market expectations.
• South32 Limited (ASX: S32) declined 1.7% after UBS downgraded its rating to "neutral", pointing to recent stock outperformance and potential risks from commodity price fluctuations.
• Oil prices remained stable at the start of the week as traders assessed the impact of new US tariffs and the anticipated increase in OPEC+ supply.
• Global markets showed mixed trends—on Wall Street, the Dow Jones edged up 0.08%, while the S&P 500 slipped 0.08% and the NASDAQ fell 0.52%. 

• Meanwhile, the Hang Seng Index declined 0.05%, and the FTSE 100 was down 0.63%.
  
  Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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