ASX/200 Closed Higher by 0.55%, Lifted by Energy

By the end of the trading session on 30 January 2025, the benchmark index S&P/ASX 200 closed higher by 0.55% and settled at 8,493.70.  All 11 sectors ended higher along with the S&P/ASX 200.

Energy and Consumer Discretionary are the top-gaining sectors, gaining 1.20% and 1.11% in their index value.

Karoon Energy Limited (ASX: KAR) and Emerald Resources NL (ASX: EMR) are the top-gaining stocks, gaining 7.719% and 6.426% in their stock prices. On the other hand, Zip Co. Limited (ASX: ZIP) and Credit Corp Group Limited (ASX: CCP) went down by 25.383% and 12.555% respectively are the top-losing stocks.

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Top gainer for the day:

• Energy (Up 1.20%)
• Consumer Discretionary (Up 1.11%)

Other Factors influencing the market:

• Karoon Energy Limited emerged as the top gainer on the index, climbing 7.2% to $1.54 at the time of writing after announcing a $75 million (USD) on-market share buyback to strengthen its stock performance.
• Credit Corp Group recorded the steepest decline on the S&P/ASX 200, dropping 12.6% to $15.95 after E&P Capital analysts highlighted slower-than-expected growth in the company’s US business.
• Bitcoin surged 3.1% to $105,402, fueled by a strong performance in technology stocks during after-hours trading. Meanwhile, Singapore's benchmark iron ore futures contract rose 0.6% to $105.25 (USD) per tonne.
• Magellan Financial Group slipped 8.3% to $11.38 following the announcement of veteran infrastructure head Gerald Stack’s departure from the company.
• IGO Limited declined 1.8% to $5.06 after reporting a $79 million earnings loss for the December quarter, primarily due to lower revenue from its Tianqi Lithium Energy Australia joint venture.
• Oil prices edged higher as investors awaited updates on US trade policy, with Donald Trump’s commerce secretary nominee suggesting Canada and Mexico could be exempt from potential tariffs.
• Major US stock indices showed gains, with the Dow up 0.31%, the S&P 500 rising 0.92%, and the NASDAQ climbing 2.03%.
• Global markets also saw positive movement, with the Hang Seng rising 0.14% and the FTSE 100 gaining 0.28% at the time of writing.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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