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

ASX/200 Closed Higher by 4.54%, Lifted by Information Technology

Apr 10, 2025

By the end of the trading session on 10 April 2025, the benchmark index S&P/ASX 200 closed higher by 4.54% and settled at 7,709.60. All of the 11 sectors ended higher along with the S&P/ASX 200.Information Technology and Matreials are the top-gaining sectors, gaining 7.57% and 6.32% in their index values. Zip Co. Limited (ASX: ZIP) and Mineral Resources Limited (ASX: MIN) are the top-gaining stocks, gaining 20.661% and 18.125% in their stock prices.

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Top gainer for the day:

  • Information Technology (Up 7.57%)
  • Materials (Up 6.32%)

Other Factors influencing the market:

  • Uranium stocks, once overlooked, became some of Thursday’s top performers during the relief rally. Boss Energy Limited (ASX: BOE) surged by 17.5% to close at $2.62, while Paladin Energy Limited (ASX: PDN) gained 17.4% to finish at $4.72.
  • Qube Holdings Limited (ASX: QUB) climbed 3.5% to $3.82 following the Australian Competition and Consumer Commission's (ACCC) approval of its proposed $333 million acquisition of a Melbourne-based vehicle import terminal.
  • Paladin Energy recorded the strongest performance on the ASX 200 around 3 PM AEST, rebounding 17.2% and partially recovering from its year-to-date decline of over 40%.
  • Aussie Broadband Limited (ASX: ABB) rose 4.5% after revealing expansion plans for its mobile services division. The company has secured a new wholesale agreement with Optus, allowing continued access to the telco giant’s network infrastructure.
  • Meanwhile, crude oil prices resumed their downward trajectory after a brief rebound. Market volatility returned as traders responded to mixed signals from U.S. trade policy, including President Donald Trump’s temporary delay of certain tariffs.
  • Wall Street delivered mixed results overnight, with the Dow Jones Industrial Average up 7.87%, the S&P 500 rising 9.52%, and the NASDAQ surging 12.16%.
  • Across other global markets, Hong Kong’s Hang Seng index advanced 2.55%, while the UK’s FTSE 100 retreated by 2.92%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

 

 

 

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