Market Alert: ASX200 at Critical Support – Reversal or Further Fall?

ASX/200 Closed Higher by 1.93%, Lifted by Information Technology

Apr 08, 2025

By the end of the trading session on 08 April 2025, the benchmark index S&P/ASX 200 closed higher by 1.93% and settled at 7,484.80. All of 11 sectors ended higher along with the S&P/ASX 200.

Information Technology and Energy are the top- gaining sectors, gaining 4.47% and 4.17% in their index value.

Boss Energy Limited (ASX: BOE) and Block Inc. (ASX: XYZ) are the top-gaining stocks, gaining 10.238% and 9.444% in their stock prices. On the other hand, HMC Capital Limited (ASX: HMC) and AMP Limited  (ASX: DYL) went down by 4.638% and 4.566% respectively are the top-losing stocks.

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Top gainer for the day:

  • Information Technology (Up 4.47%)
  • Energy (Up 4.17%)

Other Factors influencing the market:

  • Investors are showing limited interest in the banking sector, although Commonwealth Bank of Australia (ASX: CBA) has gained 2%. The Australian dollar has slightly rebounded above US60¢, though it remains close to the five-year low it touched overnight amid rising tensions between the US and China, which triggered broad market selling.
  • Guzman y Gomez (ASX: GYG), the Mexican-style fast-food chain, reported strong sales growth in the third quarter and said it is on track to pay its first-ever dividend. Shares climbed 4.6% on the announcement.
  • In New Zealand, Christian Hawkesby has been appointed acting Governor of the Reserve Bank of New Zealand (RBNZ) for an initial six-month term while the search for a permanent replacement continues.
  • Gold prices are heading for their sharpest three-day decline in over four years, as investors react to a wave of developments surrounding US President Donald Trump’s trade policy.
  • Crude oil dropped to a four-year low, reflecting persistent market concerns over potential moves in the US’s global trade strategy.
  • On Wall Street, US markets closed mixed—the Dow Jones Industrial Average declined 0.91%, the S&P 500 slipped 0.23%, while the NASDAQ inched up by 0.10%. 
  • Overseas, Hong Kong’s Hang Seng Index is up 0.48%, whereas London’s FTSE 100 is down sharply by 4.38% at the time of writing.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

 

 

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