ASX/200 Closed Higher by 0.45%, Lifted by Information Technology

By the end of the trading session on 31 January 2025, the benchmark index S&P/ASX 200 closed higher by 0.45% and settled at 8,532.30.  Out of 11 sectors, 09 sectors ended higher along with the S&P/ASX 200.

Information technology and Materials are the top-gaining sectors, gaining 1.15% and 1.09% in their index value. On the other hand, Utilities and Telecommunicaions Services are the top-losing sectors, losing 4.15% and 0.42% % in their index value.

Vault Minerals Limited (ASX: VAU) and Deep Yellow Limited (ASX: DYL) are the top-gaining stocks, gaining 6.849% and 5.447% in their stock prices. On the other hand, Magellan Financial Group Limited (ASX: MFG) and Origin Energy Limited (ASX: ORG) went down by 7.645% and 6.697% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 1.15%)
• Materials (Up 1.09%)

Top loser for the day:

• Utilities (Down 4.15%)
• Telecommunications Services (Down 0.42%)

Other Factors influencing the market:

• PointsBet Declines: PointsBet (ASX: PBH) saw its shares drop 12.8% to 86¢ after lowering its full-year financial guidance due to weaker-than-expected quarterly performance.
• Lendlease Gains: Infrastructure company Lendlease (ASX: LLC) rose 2% to $6.50 following its announcement of a $235 million deal to sell Capella Capital to Sojitz Corporation.
• Simonds Group Surges: Home designer Simonds Group (ASX: SIO) saw a 33% jump in its share price to 20¢ after agreeing to acquire Melbourne-based Dennis Family Homes for $10 million.
• Magellan Financial Dips: Magellan Financial Group (ASX: MFG) fell 7.6% to $10.51, extending its previous session's losses after the departure of veteran infrastructure executive Gerald Stack.
• Bitcoin Rises: Bitcoin was trading at $US104,782 in early afternoon trade, reflecting a 0.7% increase from the previous day. The cryptocurrency surged 3.1% on Wednesday as risk assets rebounded from the DeepSeek sell-off.
• Australian Dollar Weakens: The Aussie dollar declined against a strengthening US dollar after former President Donald Trump reiterated plans to impose 25% tariffs on Canadian and Mexican imports starting February 1.
• Global Market Performance:US Indices: The Dow Jones gained 0.31%, the S&P 500 rose 0.92%, and the NASDAQ climbed 2.03%.
• Asian & European Markets: The Hang Seng edged up 0.14%, while the FTSE 100 advanced 1.04%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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