ASX/200 Closed Higher by 0.52%, Lifted by Utilities

By the end of the trading session on 14 March 2025, the benchmark index S&P/ASX 200 closed higher by 0.52% and settled at 7,789.70. Out of 11 sectors, 09 sectors ended higher along with the S&P/ASX 200.

Utilities and Materials the top-gaining sector gaining 1.88% and 1.77% in their index value. On the other hand, Energy and Financial are the top-losing sectors losing 0.38% and 0.18% in their index value.

The A2 Milk Company Limited (ASX: A2M) and Westgold Resources Limited (ASX: WGX) are the top-gaining stocks, gaining 8.805% and 7.197% in their stock prices. On the other hand, Coronado Global Limited (ASX: CRN) and Car Group Limited (ASX: CAR) went down by 3.884% and 2.990% respectively are the top-losing stocks.

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Top gainer for the day:

• Utilities (Up 2.00%)
• Materials (Up 1.89%)

Top loser for the day:

• Energy (Down 0.38%)
• Financial (Down 0.18%)

Other Factors influencing the market:

• Myer saw a 2.7% rise as Chairwoman Olivia Wirth reshaped its executive leadership following the resignation of Chief Financial Officer Matt Jackman, who departed after a year with the company.
• Liontown Resources climbed 7.7% after reporting reduced half-year losses for the period ending December, as the lithium miner prepared to restart underground production, which had been halted in the fourth quarter.
• Orica, a mining services and explosives company, gained 4% despite being listed as a creditor to the entity that owned Sanjeev Gupta’s collapsed Whyalla steelworks and nearby iron ore mines.
• Catalyst Metals surged 4.8% after commencing production at its Plutonic East site in Western Australia, successfully extracting the first ore from the mine’s stope as scheduled and within budget.
• Seek dipped 0.4% even after Bell Potter initiated coverage with a “buy” rating, with analysts projecting growth driven by the Reserve Bank of Australia’s anticipated interest rate cuts and improved margins from its unified platform.
• The Dow Jones declined 1.30%, the S&P 500 fell 1.39%, and the NASDAQ dropped 1.96%.
• The Hang Seng Index rose 2.60%, while the FTSE 100 edged up 0.02%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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