ASX/200 Closed Lower by 1.15%, Dragged down by A-REIT

By the end of the trading session on 20 February 2025, the benchmark index S&P/ASX 200 closed lower by 1.15% and settled at 8,322.80. Out of 11 sectors, 08 ended lower along with the S&P/ASX 200.

Telecommunication Services and Energy are the top-gaining sectors, gaining 2.18% and 1.44% % in their index value. On the other hand, A-REIT and Healthcare is the top-losing sector, losing 2.33% and 2.06% in their index value.

Megaport Limited (ASX: MP1) and Whitehaven Coal Limited (ASX: WHC) are the top-gaining stocks, gaining 19.496% and 8.863% in their stock prices. On the other hand, Super Retail Group Limited (ASX: SUL) and Megallan Financial Group Limited (ASX: MFG) went down by 12.477% and 10.099% respectively are the top-losing stocks.

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Top gainer for the day:

• Telecommunication Services (Up 2.18%)
• Energy (Up 1.44%)

Top loser for the day:

• A-REIT (Down 2.33%)
• Healthcare (Down 2.06%)

Other Factors influencing the market:

• WiseTech Global Limited (ASX: WTC) has placed its shares in a trading halt as its board examines undisclosed governance matters following allegations against its founder, Richard White.
• Wesfarmers Limited (ASX: WES) gained 1.6% after reporting higher sales and earnings in the first half, driven by strong performances from Bunnings and Kmart.
• Telstra Group Limited (ASX: TLS) surged 5.41% after posting a 6.5% increase in interim net profit to $1.03 billion, supported by robust results from its mobile and infrastructure divisions, leading to a share buyback announcement.
• Magellan Financial Group (ASX: MFG) dropped 9.4% following a 10% decline in profit and the company’s decision to review its balance sheet management.
• Oil prices remained stable after previous gains, as an industry report indicated another increase in U.S. crude stockpiles, while supply uncertainties persisted.
• Global markets saw gains, with the Dow Jones up 0.16%, the S&P 500 rising 0.24%, and the NASDAQ leading with a 0.07% increase.
• Asian and European markets struggled, with the Hang Seng Index down 0.94% and the FTSE 100 declining 0.62%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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