ASX/200 Closed Lower by 0.22%, Dragged down by Information Technology

By the end of the trading session on 15 January 2025, the benchmark index S&P/ASX 200 closed lower by 0.22% and settled at 8,213.30. Out of 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Consumer Discretionary and A-REIT are the top-gaining sectors, gaining 0.19% and 0.13% in their index value. On the other hand, Information Technology and Telecommunication Services are the top-losing sectors, losing 1.25% and 1.21% in their index value.

Liontown Resources Limited (ASX: LTR) and IDP Education Limited (ASX: IEL) are the top-gaining stocks, gaining 7.407% and 4.422% in their stock prices. On the other hand, Neuren Pharmaceuticals Limited  (ASX: NEU) and The Star Entertainment Group Limited (ASX: SGR) went down by 8.250% and 7.143% respectively are the top-losing stocks.

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Top gainer for the day:

• Consumer Discretionary (Up 0.19%)
• A-REIT (Up 0.13%)

Top loser for the day:

• Information Technology (Up 1.25%)
• Telecommunications Services (Up 1.21%)

Other Factors influencing the market:

• Shares of International Graphite and Pilbara Minerals surged following the announcement of $19 million in loans from the Western Australian government, aimed at advancing the state's green energy initiatives.
• Arafura Rare Earths Limited (ASX: ARU) shares skyrocketed 17.4% to 14¢ after securing $200 million from the government’s National Reconstruction Fund to develop a new mine and processing facility.
• AVJennings Limited (ASX: AVJ) could become the focus of a bidding war as Singapore-listed Ho Bee Land proposed a $391 million takeover, surpassing an earlier offer for the home builder. The company’s shares soared 7.8% to 69¢.
• Baby Bunting Group Limited (ASX: BBN) climbed 13.9% to $1.80 after reporting a 37% rise in pro forma net profit to $4.8 million for FY24, bolstered by stronger trading in the latter part of the year.
• The correlation between Bitcoin and a key index of US technology stocks has reached a two-year high, suggesting that upcoming US inflation data could heavily influence the direction of digital assets.
• US stock indices closed mixed, with the Dow Jones Industrial Average rising 0.52%, the S&P 500 gaining 0.11%, and the NASDAQ Composite slipping 0.23%. 
• Meanwhile, Hong Kong's Hang Seng Index was down 0.01% as of today.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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