ASX/200 Closed Lower by 0.34%, Dragged down by Information Technology

By the end of the trading session on 10 February 2025, the benchmark index S&P/ASX 200 closed lower by 0.34% and settled at 8,482.80. Out of 11 sectors, 08 ended lower along with the S&P/ASX 200.

Utilities and Consumer Staples are the top-gaining sectors, gaining 0.74% and 0.53% % in their index value. On the other hand, Information Technology and Telecommunications Services is the top-losing sector, losing 1.45% and 1.19% in their index value.

The Star Entertainment Limited (ASX: SGR) and Ansell Limited (ASX: ANN) are the top-gaining stocks, gaining 13.636% and 8.130% in their stock prices. On the other hand, Car Group Limited (ASX: CAR) and JB HI-FI Limited (ASX: JBH) went down by 6.508% and 4.559% respectively are the top-losing stocks.

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Top gainer for the day:

• Utilities (Up 0.74%)
• Consumer Staples (Up 0.53%)

Top loser for the day:

• Information Technology (Down 1.42%)
• Telecommunications Services (Down 1.19%)

Other Factors influencing the market:

• Star Entertainment Group (ASX: SGR) surged 18.2% after rejecting takeover proposals from Chow Tai Fook Enterprises and Far East Consortium for its 50% stake and associated debt in Brisbane’s Queen’s Wharf project.
• JB Hi-Fi (ASX: JBH) saw its shares drop 4.4%, reversing early gains, despite reporting a nearly 10% increase in first-half group sales to $5.67 billion—outpacing market forecasts.
• Mayne Pharma Group (ASX: MYX) soared 20.5% after projecting a 275% jump in EBITDA, driven by strong demand for its women’s health products.
• Ansell (ASX: ANN) climbed 6.5% as the medical gear manufacturer announced plans to raise prices to counteract U.S. tariffs.
• Oil prices stabilized following weeks of declines as investors assessed the impact of ongoing U.S. tariff policies.
• Wall Street closed lower, with the Dow Jones down 0.99%, the S&P 500 falling 0.95%, and the NASDAQ dropping 1.36%.
• The Hang Seng Index gained 1.53%, while the FTSE 100 declined 0.31%

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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