ASX/200 Closed Higher by 0.83%, Lifted by Materials

By the end of the trading session on 17 March 2025, the benchmark index S&P/ASX 200 closed higher by 0.83% and settled at 7,854.10. Out of 11 sectors, 08 sectors ended higher along with the S&P/ASX 200.

Materials and Energy the top-gaining sector gaining 1.97% and 1.72% in their index value. On the other hand, Healthcare and Telecommunication Services are the top-losing sectors losing 0.27% and 0.10% in their index value.

Mineral Resources Limited (ASX: MIN) and IGO Limited (ASX: IGO) are the top-gaining stocks, gaining 11.571% and 7.268% in their stock prices. On the other hand, Clarity Pharmaceuticals Limited (ASX: CU6) and Vault Minerals Limited (ASX: VAU) went down by 3.423% and 3.297% respectively are the top-losing stocks.

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Top gainer for the day:

• Materials (Up 1.97%)
• Energy (Up 1.72%)

Top loser for the day:

• Healthcare (Down 0.27%)
• Telecommunication Services (Down 0.10%)

Other Factors influencing the market:

• Spartan Resources surged 8.9% following confirmation of its merger with Ramelius Resources, aligning with earlier reports from Street Talk. Meanwhile, Ramelius Resources declined 1.4%.
• Smartpay Holdings skyrocketed 45.3% after revealing it was engaged in takeover discussions with at least two potential buyers. This follows a sharp decline in its share price after the central bank announced a review of debit card surcharges.
• National Australia Bank (ASX: NAB) shares fell 1% after announcing that Chief Financial Officer Nathan Goonan is stepping down to join Westpac. Meanwhile, Westpac shares edged up 0.8% amid broader leadership changes at NAB.
• Navigator Global Investments gained 2.8% upon unveiling its plan to acquire a minority stake in US-based private equity firm 1315 Capital for $US70.5 million ($111.44 million).
• Highcom, a microcap ballistics manufacturer, surged 9.5% after securing a $3 million order for its advanced ballistic products from an international client, reflecting growing global defense expenditures.
• Oil prices extended gains for a second consecutive session after China, the world’s largest importer, announced plans to stimulate consumer spending by increasing household incomes.
• The Dow Jones advanced 1.65%, the S&P 500 climbed 2.13%, and the NASDAQ jumped 2.61%. 
• Asian & European Markets: The Hang Seng rose 1.18%, while the FTSE 100 gained 1.05%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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