ASX/200 Closed Higher by 0.18%, Lifted by Energy

By the end of the trading session on 10 March 2025, the benchmark index S&P/ASX 200 closed higher by 0.18% and settled at 7,962.30. Out of 11 sectors, 07 sectors ended higher along with the S&P/ASX 200.

Energy and Materials the top-gaining sector gaining 1.50% and 0.89% in their index value. On the other hand, Telecommunications Services and Healthcare are the top-losing sectors losing 0.73% and 0.58% in their index value.

Polynovo Limited (ASX: PNV) and Beach Energy Limited (ASX: BPT) are the top-gaining stocks, gaining 4.583% and 4.089% in their stock prices. On the other hand, Johns Lyng Group Limited (ASX: JLG) and Insignia Financial Limited (ASX: IFL) went down by 12.500% and 4.274% respectively are the top-losing stocks.

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Top gainer for the day:

• Energy (Up 0.26%)
• Materials (Up 0.89%)

Top loser for the day:

• Telecommunications Services (Down 0.73%)
• Healthcare (Down 0.58%)

Other Factors influencing the market:

• Star Entertainment Group is evaluating a potential rescue proposal from U.S.-based casino operator Bally’s Corporation after finalizing the Queen’s Wharf agreement with two Hong Kong investors last Friday. The company’s shares remain suspended from trading.
• Johns Lyng Group Limited (ASX: JLG) plummeted 14.6% following news of its removal from the ASX 200 in the upcoming quarterly index rebalance. The stock has declined by nearly 25% over the past six months.
• Macquarie Group Limited (ASX: MQG) dipped 0.2% after Citi cautioned that market forecasts for its commodity trading income may not fully reflect significant changes in global gas supply.
• Coal miners lifted the ASX on Monday, following a strong performance in coal prices, which posted their second-best week of the year last Friday.
• Oil prices dropped to their lowest levels since September, as weak economic data from China fueled concerns over sluggish demand.
• On Wall Street, the Dow Jones gained 0.52%, the S&P 500 rose 0.55%, and the NASDAQ advanced 0.70% by market close.
• In global markets, the Hang Seng Index is down 2.39%, while the FTSE 100 edged lower by 0.03% today.
   

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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