ASX/200 Closed Higher by 0.33%, Lifted by Information Technology

By the end of the trading session on 22 January 2025, the benchmark index S&P/ASX 200 closed higher by 0.33% and settled at 8,429.80. Out of 11 sectors, 07 sectors ended higher along with the S&P/ASX 200.

Information Technology and Industrials are the top-gaining sectors, gaining 2.35% and 1.17% in their index value. On the other hand, Materials and Telecommunications are the top losing sectors, losing 0.94% and 0.30% in their index value.

Boss Energy Limited  (ASX: BOE) and Paladin Energy Limited (ASX: PDN) are the top-gaining stocks, gaining 14.184% and 10.059% in their stock prices. On the other hand, Iluka Resources Limited  (ASX: ILU) and Sigma Healthcare Limited (ASX: SIG) went down by 6.955% and 5.036% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 2.35%)
• Industrials (Up 1.17%)

Top loser for the day:

• Materials (Up 0.94%)
• Telecommunications (Up 0.30%)

Other Factors influencing the market:

• Iluka Resources Limited (ASX: ILU): Shares dropped 7% to $4.95 due to tariff-related sell-offs in mined metals, despite a 23.7% increase in December quarter production.
• Bubs Australia (ASX: BUB): The company surged 22.5% to $0.12 after reporting a significant turnaround, achieving $2.9 million EBITDA in the first half compared to a $6.8 million loss last year.
• Woodside Energy Group Ltd (ASX: WDS): Shares declined 1.9% to $25.25, impacting the energy sector, as the company reported record 2024 output but a 3% quarterly production dip due to seasonal demand.
• Qantas Airways (ASX: QAN): Shares gained 3.7% to $9.38 following the announcement of changes to its loyalty scheme, potentially increasing frequent flyer ticket costs.
• West African Resources (ASX: WAF): The stock rose 1.5% to $1.66 after the company reported a quarter-on-quarter production increase, meeting full-year guidance.
• Currency Movements: The US dollar strengthened against the Australian dollar after President Donald Trump signaled a potential 10% tariff on China.
• US Markets: The Dow Jones closed up 1.24%, the S&P 500 gained 0.88%, and the NASDAQ increased 0.64%.
• Global Markets: The Hang Seng fell 1.56%, while the FTSE 100 edged up 0.33%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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