ASX/200 Closed Lower by 0.70%, Dragged down by Consumer Staples

By the end of the trading session on 05 March 2025, the benchmark index S&P/ASX 200 closed lower by 0.70% and settled at 8,141.10. Out of 11 sectors, 10 sectors ended lower along with the S&P/ASX 200.

Utilitiesis the top-gaining sector gaining 0.08% in their index value. On the other hand, Consumer Staples and Energy  are the top-losing sectors losing 3.55% and 1.60% in their index value.

West African Resources Limited (ASX: WAF) and Insignia Financial Limited (ASX: IFL) are the top-gaining stocks, gaining 5.932% and 4.962% in their stock prices. On the other hand, Treasury Wine Estate Limited (ASX: TWE) and Audinate Group Limited (ASX: AD8) went down by 5.398% and 5.195% respectively are the top-losing stocks.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Utilities (Up 0.08%)

Top loser for the day:

• Consumer Staples (Down 3.55%)
• Energy (Down 1.60%)

Other Factors influencing the market:

• WiseTech Global announced plans to appoint a new director within a month to meet key ASX audit and risk committee requirements. The company's stock climbed 1.2%, recovering from earlier losses.
• Woolworths Group saw its shares decline 3.6% after RBC initiated coverage with a neutral rating, citing concerns over weak sales volumes and rising online penetration impacting its outlook.
• Mineral Resources Limited (ASX: MIN) fell 2.3% following a Fitch Ratings downgrade of its unsecured debt, highlighting increased balance sheet risks. The company downplayed the impact, noting that Moody’s has maintained a similar "Ba3" rating since 2019.
• Data#3 Limited (ASX: DTL) shares dropped 1.2% after announcing that board member Susan Forrester is stepping down after three years. Forrester, a member of the Australian Institute of Company Directors’ technology committee, has played a key role in governance.
• Bitcoin slipped below $US82,000 overnight as newly imposed U.S. tariffs on Mexico, Canada, and China triggered a sharp sell-off in risk assets.
• Brent crude briefly dipped below $US70 per barrel for the first time since October, impacted by the escalation of trade wars following U.S. tariffs and OPEC+ moves to restart long-suspended production.
• Wall Street closed lower, with the Dow Jones shedding 1.55%, the S&P 500 dropping 1.22%, and the NASDAQ declining 0.35%.
• The Hang Seng Index gained 1.72%, while the FTSE 100 slipped 1.27% today

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com