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

ASX/200 Closed Higher by 0.17%, Lifted by Consumer Staples

Mar 21, 2025

By the end of the trading session on 21 March 2025, the benchmark index S&P/ASX 200 closed higher by 0.17% and settled at 7,932.10. Out of 11 sectors, 04 sectors ended higher along with the S&P/ASX 200.

Consumer Staples and Utilities is the top-gaining sector gaining 3.92% and 1.07% in their index value. On the other hand, Healthcare and Information Technology are the top-losing sectors losing 0.62% and 0.50% in their index value.

Boss Energy Limited (ASX: BOE) and Woolworths Group Limited (ASX: WOW) are the top-gaining stocks, gaining 6.666% and 6.323% in their stock prices. On the other hand, Coronado Global Resources Limited (ASX: CRN) and Pro Medicus Limited (ASX: PME) went down by 13.044% and 6.472% respectively are the top-losing stocks.

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Top gainer for the day:

  • Consumer Staples (Up 3.92%)
  • Utilities (Up 1.07%)

Top loser for the day:

  • Healthcare (Down 0.62%)
  • Information Technology (Down 0.50%)

Other Factors influencing the market:

  • Paladin Energy saw its stock decline by 4% after announcing a temporary shutdown of its Langer Heinrich Mine in Namibia due to heavy rainfall restricting site access.
  • Emerald Resources fell 4.6% as its Okvau Gold Mine’s quarterly production failed to meet the expected guidance range.
  • Latitude Group dropped 2.4% as its shares traded ex-dividend, despite reporting a 139% surge in full-year cash profit for 2024, driven by renewed credit demand.
  • Premier Investments gained 4.1% after acknowledging a 12.8% drop in interim profit amid challenging market conditions, while Peter Alexander’s sales set a record at $297.7 million.
  • Capstone Copper rose 1.8% following its decision to issue $500 million in senior unsecured bonds to refinance Monteverde’s project debt and reduce overall company liabilities.
  • Oil prices moved higher as the U.S. intensified efforts to curb Iran’s crude exports, escalating tensions ahead of potential nuclear deal negotiations.
  • On Wall Street, markets closed on a mixed note, with the Dow Jones edging down 0.03%, the S&P 500 falling 0.22%, and the NASDAQ slipping 0.33%. 
  • In global markets, the Hang Seng declined 1.91%, while the FTSE 100 dipped 0.05%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

 

 

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