ASX/200 Closed Higher by 0.77%, Lifted by Materials

By the end of the trading session on  08 January 2025, the benchmark index S&P/ASX 200 closed lower by 0.77% and settled at 8,349.10. Out of 11 sectors, 05 sectors ended lower along with the S&P/ASX 200.

Materials and Financial are the top-gaining sectors, gaining 1.61% and 1.27% in their index value. On the other hand, Information Technology and Telecommunications Services are the top-losing sectors, losing 0.82% and 0.50% in their index value.

Bellevue Gold Limited (ASX: BGL) and Regis Resources Limited (ASX: RRL) are the top-gaining stocks, gaining 7.070% and 5.405% in their stock prices. On the other hand, Deep Yellow Limited (ASX: DYL) and Zip Co Limited (ASX: ZIP) went down by 6.320% and 4.878% respectively are the top-losing stocks.

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Top gainer for the day:

• Materials (Up 1.61%)
• Financial (Up 1.27%)

Top loser for the day:

• Information Technology (Up 0.82%)
• Telecommunications Servicves (Up 0.50%)

Other Factors influencing the market:

• Avita Medical (ASX: AVH) dropped 19.3% to $3.51 per share after revising its 2024 commercial revenue guidance downward, citing reduced purchasing activity for its regenerative medicine products.
• Regal Partners' modest decline: Regal Partners Limited (ASX: RPL) slipped 1.3% to $3.70 following an announcement that weaker performance in late 2024 slightly impacted its annual performance fees, projected to be around $85 million.
• GQG Partners under pressure: Florida-based GQG Partners Inc. (ASX: GQG) fell 4.6% to $2.07 as the firm revealed moderate redemption pressure in its institutional channel during the December quarter.
• Oil prices on the rise: Crude oil prices moved higher due to supply concerns from Russia and Iran amid Western sanctions and increased demand expectations from China.
• US stock market performance: The Dow Jones Industrial Average closed 0.42% lower, the S&P 500 declined by 1.11%, and the NASDAQ ended down 1.88%.
• Global market updates: The Hang Seng Index dropped 0.95%, while the FTSE 100 edged lower by 0.05% at the time of writing.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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