ASX/200 Closed Higher by 0.14%, Lifted by Utilities

By the end of the trading session on 24 February 2025, the benchmark index S&P/ASX 200 closed higher by 0.14% and settled at 8,308.20. Out of 11 sectors, 06 ended higher along with the S&P/ASX 200.

Utilities and Financial are the top-gaining sectors, gaining 3.24% and 1.89% % in their index value. On the other hand, Information Technology and A-REIT is the top-losing sector, losing 6.84% and 2.18% in their index value.

EVT Limited (ASX: EVT) and NIB Holdings Limited (ASX: NHF) are the top-gaining stocks, gaining 12.884% and 12.457% in their stock prices. On the other hand, Wisetech Global Limited (ASX: WTC) and Iress Limited (ASX: IRE) went down by 20.091% and 14.477% respectively are the top-losing stocks.

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Top gainer for the day:

• Utilities (Up 3.24%)
• Financial (Up 1.89%)

Top loser for the day:

• Information Technology (Down 6.84%)
• A-REIT (Down 2.18%)

Other Factors influencing the market:

• Domain Holdings Australia (ASX: DHG) remained steady on Monday after surging over 40% in the previous session, following news of a takeover bid by US-based CoStar.
• Perpetual Limited (ASX: PPT) declined 3.9% after confirming that its deal with private equity firm KKR to sell its corporate trust and wealth divisions had fallen through.
• Ampol Limited (ASX: ALD) slipped 2.2% as its full-year benchmark net profit plunged 68%, impacted by losses at its sole oil refinery.
• NextDC Limited (ASX: NXT) fell 1.5% after reporting a statutory net loss of $42.7 million for the six months ending December, widening from $21.5 million a year earlier.
• Gold remained near last week’s record high, as weak economic data and increasing inflation expectations fueled safe-haven demand.
• Global markets showed mixed movements: The Dow Jones dropped 1.69%, the S&P 500 fell 1.71%, and the NASDAQ declined 2.20%. 
• The Hang Seng lost 0.76%, while the FTSE 100 dipped 0.04% at the time of writing.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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