ASX/200 Closed Lower by 0.06%, Dragged down by A-REIT

By the end of the trading session on 04 February 2025, the benchmark index S&P/ASX 200 closed lower by 0.06% and settled at 8,374.00. Out of 11 sectors, 08 ended lower along with the S&P/ASX 200.

Information Technology and Materials are the top-gaining sectors, gaining 1.52% and 0.93% % in their index value. On the other hand, A-REIT and Consumer Discretionary are the top-losing sectors, losing 1.11% and 0.76%

Vault Minerals Limited (ASX: VAU) and Pro Medicus Limited (ASX: PME) are the top-gaining stocks, gaining 3.633% and 2.024% in their stock prices. On the other hand, Audinate Group Limited (ASX: AD8) and Lynas Rare Earths Limited (ASX: LYC) went down by 4.509% and 3.811% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 1.52%)
• Materials (Up 0.93%)

Top loser for the day:

• A-REIT (Down 1.11%)
• Consumer Discretionary (Down 0.76%)

Other Factors influencing the market:

• Magellan Financial Group (ASX: MFG) rose 1.1% on Tuesday, ending a four-day decline. The rebound occurred despite Morningstar lowering its fair value estimate over concerns that Gerald Stack’s departure could trigger $8 billion in investor withdrawals from its infrastructure strategy.
• Seek Limited (ASX: SEK) saw its $42.1 million takeover bid for Xref (ASX: XF1) collapse due to insufficient shareholder support. As a result, Seek dipped 0.2%, while Xref plummeted 22.6%.
• Predictive Discovery (ASX: PDI) surged 11.3% after announcing it would sell a 10% stake to two mining investors, raising $69.2 million.
• Nufarm Limited (ASX: NUF) led the index gains, climbing 4.4%, after confirming that its previously announced cost-cutting measures remain on track.
• Pro Medicus Limited (ASX: PME) jumped 5% following the announcement of a $53 million contract with US-based BayCare to implement its Visage diagnostic imaging platform.
• Oil prices fell after US President Donald Trump postponed new tariffs on the country’s two largest crude suppliers by a month.
• US stock markets showed positive momentum, with the Dow Jones Industrial Average rising by 0.31%, the S&P 500 gaining 0.92%, and the NASDAQ climbing 2.03%.
• In international markets, the Hang Seng Index increased by 1.63%, while the FTSE 100 declined by 1.04%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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