ASX/200 Closed Higher by 0.51%, Lifted by Materials

By the end of the trading session on 05 February 2025, the benchmark index S&P/ASX 200 closed higher by 0.51% and settled at 8,416.90. Out of 11 sectors, 08 ended higher along with the S&P/ASX 200.

Materials and Information Technology are the top-gaining sectors, gaining 1.61% and 1.56% % in their index value. On the other hand, Healthcare and Consumer Staples are the top-losing sectors, losing 0.55% and 0.10%

Clarity Pharmaceuticals Limited (ASX: CU6) and Insignia Financial Limited (ASX: IFL) are the top-gaining stocks, gaining 10.112% and 6.944% in their stock prices. On the other hand, Block Inc. (ASX: XYZ) and Macquire Group Limited (ASX: MQG) went down by 3.981% and 3.630% respectively are the top-losing stocks.

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Top gainer for the day:

• Materials (Up 1.61%)
• Information Technology (Up 1.56%)

Top loser for the day:

• Healthcare (Down 0.55%)
• Consumer Staples (Down 0.10%)

Other Factors influencing the market:

• Amcor Limited (ASX: AMC) rose 2.9% to $16.17 after meeting earnings expectations for the December quarter and reaffirming its FY25 guidance.
• BWP Trust (ASX: BWP) surged 4.9% to $3.45 following an increase in its interim dividend and a strong half-year net profit gain of over $100 million, largely driven by annual rent hikes.
• Cleanaway Waste Management Limited (ASX: CWY) recovered early losses to close flat at $2.70 after a fire forced the closure of its liquid waste processing facility in St Marys, Sydney.
• BWP Trust saw a more than 5% jump on Wednesday after boosting its interim dividend and reporting strong profit growth.
• Australia’s economic outlook may delay an RBA rate cut, with factors like a strong labor market, consumer resilience, credit growth, and a weakening currency presenting challenges, according to James McIntyre of Bloomberg Economics.
• Oil prices edged lower as concerns over a potential US-China trade war impacting global growth clashed with President Donald Trump's increased pressure on Iran.
• US stock markets gained, with the Dow Jones up 0.31%, S&P 500 rising 0.92%, and NASDAQ climbing 2.03%.
• Global indices showed a mixed performance, with the Hang Seng dropping 1.23% and the FTSE 100 declining 0.15%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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