ASX/200 Closed Higher by 0.48%, Lifted by Materials

By the end of the trading session on 14 January 2025, the benchmark index S&P/ASX 200 closed higher by 0.48% and settled at 8,231.00. Out of 11 sectors, 08 sectors ended higher along with the S&P/ASX 200.

Materials and Energy are the top-gaining sectors, gaining 1.51% and 1.17% in their index value. On the other hand, Information Technology and Financial are the top-losing sectors, losing 0.49% and 0.02% in their index value.

Ingenia Communities Group (ASX: INA) and The Star Entertainment Limited (ASX: SGR) are the top-gaining stocks, gaining 15.044% and 12.000% in their stock prices. On the other hand, Life360 Inc. (ASX: 360) and West African Resources Limited (ASX: WAF) went down by 3.961% and 2.493% respectively are the top-losing stocks.

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Top gainer for the day:

• Materials (Up 1.51%)
• Energy (Up 1.17%)

Top loser for the day:

• Information Technology (Up 0.49%)
• Financial (Up 0.02%)

Other Factors influencing the market:

• Ingenia Communities Group (ASX: INA) rallied 15% to $5.20 after raising its FY25 earnings guidance to $162-$165 million, up from $148-$155 million.
• Star Entertainment Group (ASX: SGR) rose to 14¢, boosted by Macau businessman Xingchun Wang acquiring an additional 28 million shares amid the company's ongoing lender negotiations to avoid collapse.
• City Chic Collective Limited (ASX: CCX) surged 14.6% to close at 11¢, driven by strong holiday trading despite a 3.6% revenue decline in the second half of 2024.
• Energy Transition Minerals Limited (ASX: ETM) jumped 16.3% to 10¢ after announcing its management team’s visit to Greenland to strengthen ties amid a legal dispute over mineral exploration projects.
• Empire Oil & Gas (ASX: EGO) reported a leak of 2,000 liters of contaminated water from its controversial drilling operations in the Beetaloo Basin, Northern Territory.
• US Dollar Weakens: The USD declined against most major currencies following Bloomberg’s report of Donald Trump’s team considering phased tariff hikes.
• Wall Street Performance: The Dow gained 0.86%, the S&P 500 rose 0.15%, while the NASDAQ dropped 0.38%.
• Global Markets Update: The Hang Seng climbed 1.57%, while the FTSE 100 slipped 0.29%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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