ASX/200 Closed Higher by 0.90%, Lifted by Energy

By the end of the trading session on 03 March 2025, the benchmark index S&P/ASX 200 closed higher by 0.90% and settled at 8,245.70. All of 11 sectors ended higher along with the S&P/ASX 200.

Energy and Information Technology are the top-gaining sectors, gaining 2.02% and 1.79% and in their index value.

Johns Lyng Group Limited (ASX: JLG) and Kelsian Group Limited (ASX: KLS) are the top-gaining stocks, gaining 7.843% and 7.419% in their stock prices. On the other hand, Clarity Pharaceuticals Limited (ASX: CU6) and NRW Holdings Limited (ASX: NWH) went down by 11.517% and 9.285% respectively are the top-losing stocks.

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Top gainer for the day:

• Energy (Up 2.02%)
• Information Technology (Up 1.79%)

Other Factors influencing the market:

• NRW Holdings Limited (ASX: NWH) shares dropped 9.3% to $2.98 despite the company’s assurance that it would recover the $113.3 million owed following the collapse of Whyalla steelworks.
• BlueScope Steel Limited (ASX: BSL) has been appointed as the technical adviser for the struggling steelmaker as part of a broader stabilization and turnaround strategy. Its stock gained 1.3%, closing at $24.56.
• Pro Medicus Limited (ASX: PME) surged 3.2% to $261.38 after securing a $40 million contract with US-based radiology provider LucidHealth to implement its diagnostic imaging technology across LucidHealth’s network.
• Magellan Financial Group Limited (ASX: MFG) is restarting its share buyback program as its stock price reached its lowest level in nearly a year. The company stated that resuming buybacks is a strategic use of its capital.
• Gold prices rebounded following last week’s sharp decline as investors assessed economic conditions amid US President Donald Trump’s planned import tariffs on key trade partners.
• Oil prices rose at the start of the week as markets anticipated potential retaliatory actions from major US trade partners, including China, in response to upcoming tariffs.
• Wall Street saw gains across major indices with the Dow Jones closing 1.39% higher, the S&P 500 rising by 1.59%, and the NASDAQ advancing 1.63%.
• In global markets, the Hang Seng Index fell by 3.28%, while the FTSE 100 climbed 0.61% as investors navigated ongoing economic uncertainties.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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