ASX/200 Closed Higher by 0.12%, Lifted by A-REIT

By the end of the trading session on 02 April 2025, the benchmark index S&P/ASX 200 closed lower by 0.12% and settled at 7,934.50. Out of 11 sectors, 6 sectors ended higher along with the S&P/ASX 200.

A-REIT and Telecommunications Services are the top-gaining sectors, gaining 1.61% and 0.80% in their index value. On the other hand, Materials and Energy are the top-losing sectors, losing 1.61% and 1.21% in their index value.

Light and Wonder Inc. (ASX: LNW) and Megaport Limited (ASX: MP1) are the top-gaining stocks, gaining 5.764% and 3.708% in their stock prices. On the other hand, Tresury Wine Estates Limited (ASX: TWE) and Neuren Pharmaceuticals Limited  (ASX: NEU) went down by 5.406% and 4.758% respectively are the top-losing stocks.

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Top gainer for the day:

• A-REIT (Up 1.61%)
• Telecommunications Services (Up 0.80%)

Top loser for the day:

• Materials (Up 1.61%)
• Energy (Up 1.29%)

Other Factors influencing the market:

• Kelsian Group Limited (ASX: KLS) saw a 4.3% rise in its stock price to $2.68 after announcing plans to divest its tourism business to reduce debt. The segment generated over $160 million in revenue during FY24.
• Mineral Resources Limited (ASX: MIN) founder and managing director, Chris Ellison, is facing a class action lawsuit filed in the Supreme Court of Victoria. The company stated that it intends to "strongly defend" the case. Shares declined 2.3% to $23.23.
• Treasury Wine Estates (ASX: TWE) appointed former Orora CEO Nigel Garrard to its board. However, shares dropped 5.4% after Citi downgraded the stock to a “neutral” rating.
• Star Entertainment Group (ASX: SGR) failed to secure a $750 million funding deal from Salter Brothers, raising concerns about the casino operator's financial stability for the third time this year.
• Gold neared record highs ahead of the U.S. implementing new "reciprocal" tariffs, set to take effect later on Wednesday under President Donald Trump’s administration.
• Oil prices remained steady, taking a pause after last month’s rally as traders awaited further clarity on U.S. tariff policies.
• U.S. stock markets experienced mixed movements, with the Dow Jones slipping by 0.03%, while the S&P 500 advanced 0.38%, and the NASDAQ rose by 0.87%.
• Global markets also showed varied performance. The Hang Seng edged down by 0.01%, whereas the FTSE 100 climbed 0.61%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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