ASX/200 Closed Higher by 0.45%, Lifted by Information Technology

By the end of the trading session on 20 January 2025, the benchmark index S&P/ASX 200 closed higher by 0.45% and settled at 8,345.40. Out of 11 sectors, 09 sectors ended higher along with the S&P/ASX 200.

Information Technology and A-REIT are the top-gaining sectors, gaining 1.13% and 0.79% in their index value. On the other hand, Financial and Telecommunications Services are the top losing sectors, losing 0.56% and 0.03% in their index value.

Tabcorp Holdings Limited  (ASX: TAH) and Iress Limited (ASX: IRE) are the top-gaining stocks, gaining  6.250% and 6.167% in their stock prices. On the other hand, The Star Entertainment Group Limited  (ASX: SGR) and Karoon Energy Limited (ASX: KAR) went down by 17.858% and 5.686% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 1.13%)
• A-REIT (Up 0.79%)

Top loser for the day:

• Energy (Up 0.56%)
• Telecommunications Services (Up 0.05%)

Other Factors influencing the market:

• Star Entertainment Group (ASX: SGR): Shares dropped by 17.9% to 12 cents as concerns grew over the casino operator’s financial stability and ability to remain operational.
• Iress Ltd (ASX: IRE): The stock surged 6.2% to 56 cents after the company announced the sale of its superannuation business to Apex Group for $40 million in cash.
• Australian Ethical Investment Ltd (ASX: AEF): Shares declined by 3.8% to 20 cents despite the firm reporting a record $13.26 billion in assets under management.
• Ioneer Ltd (ASX: INR): The lithium miner's shares soared 20.6% to 4 cents after securing a $996 million (USD) loan from the US Department of Energy to develop its Rhyolite Ridge Lithium-Boron Project.
• Karoon Energy Ltd (ASX: KAR): The company’s stock dropped 5.7% to 9 cents after reporting that its Mississippi-based exploration well showed "no significant hydrocarbon-bearing intervals."
• Oil Market: Crude oil prices increased ahead of the inauguration of President-elect Donald Trump, as markets prepared for potential instability during the start of his second term in office.
• US Market Performance: The Dow Jones Industrial Average rose 0.78%, the S&P 500 increased 1.00%, and the NASDAQ climbed 1.51%.
• Global Markets: The Hang Seng Index advanced by 2.04%, and the FTSE 100 gained 1.35% during the trading day.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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