ASX/200 Closed Higher by 0.57%, Lifted by Utilities

By the end of the trading session on 29 January 2025, the benchmark index S&P/ASX 200 closed higher by 0.57% and settled at 8,447.00. Out of 11 sectors, 10 sectors ended higher along with the S&P/ASX 200.

Utilities and Information Technology are the top-gaining sectors, gaining 2.06% and 1.81% in their index value. On the other hand, Materials are the top losing sectors, losing 0.10% in their index value.

The Star Enetertainment Limited (ASX: SGR) and Bellevue Gold Limited (ASX: BGL) are the top-gaining stocks, gaining 13.043% and 8.597% in their stock prices. On the other hand, Premier Investments Limited (ASX: PMV) and Viva Energy Group Limited (ASX: BOE) went down by 20.651% and 2.662% respectively are the top-losing stocks.

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Top gainer for the day:

• Utilities (Up 2.06%)
• Information Technology (Up 1.81%)

Top loser for the day:

• Materials (Down 0.10%)

Other Factors influencing the market:

• Star Entertainment Group posted the largest gains on the S&P/ASX 200, rising 13% to 13¢, after announcing the sale of several Sydney assets, including the Star Sydney Event Centre, for $60 million to Foundation Theatres.
• Adamantem Capital pulled out of a bid for Close the Loop (ASX: CLG), causing the company’s shares to plummet 28.6% to 13¢ due to failed acquisition negotiations.
• Boss Energy Ltd (ASX: BOE) saw a 5.6% increase in shares to $3 after confirming it remains on track to meet production guidance for the year and reported a 96% increase in ion exchange plant production.
• Perseus Mining Ltd (ASX: PRU) gained 3.7% to $2.83, reporting higher gold production in the December quarter despite rising costs due to a waste-stripping program at its Ivory Coast Yaoure operations.
• Pilbara Minerals Ltd (ASX: PLS) shares rose 3.5% to $2.36, following the successful transition to its new P850 operating model, even though quarterly output declined.
• Oil prices steadied after the largest gain in almost two weeks, with traders weighing the market impact of President Donald Trump’s tariff plans on imports from Canada and other major crude suppliers.
• US stock markets showed positive movement with the Dow up 0.31%, the S&P 500 up 0.92%, and the NASDAQ rising 2.03%.
• Hang Seng increased 0.14%, while the FTSE 100 gained 0.35%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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