Market Alert: ASX200 at Critical Support – Reversal or Further Fall?

ASX/200 Closed Lower by 1.80%, Dragged down by Energy

Apr 09, 2025

By the end of the trading session on 09 April 2025, the benchmark index S&P/ASX 200 closed lower by 1.80% and settled at 7,375.00. Out of 11 sectors, 10 sectors ended higher along with the S&P/ASX 200.

Utilities is the top-gaining sector, gaining 0.22% in their index value. On the other hand, Energy and Materials are the top-losing sectors, losing 4.03% and 3.57% in their index value.

Healius Limited (ASX: HLS) and Barcop Limited (ASX: BAP) are the top-gaining stocks, gaining 4.477% and 3.278% in their stock prices. On the other hand, Champion Iron Limited (ASX: CIA) and Nickel Industries Limited  (ASX: NIC) went down by 14.168% and 14.142% respectively are the top-losing stocks.

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Top gainer for the day:

  • Utilities (Up 0.22%)

Top loser for the day:

  • Energy (Down 4.03%)
  • Materials (Down 3.57%)

Other Factors influencing the market:

  • Regal Partners Limited (ASX: RPL) dropped 11.9% to $1.665 at the time of writing, after reporting a $540 million decline in assets under management for the March quarter, attributed to writing off its entire investment in biotech firm Opthea.
  • Nine Entertainment Co. Holdings Limited (ASX: NEC) slid 4% to $1.315 at the time of writing, despite securing a $210 million broadcast rights deal with Rugby Australia, which will run through to 2030.
  • Elsight Limited (ASX: ELS), a provider of communication technologies for drones, surged 11.4% to 39 cents after announcing a $7.1 million contract with a European defence company.
  • CSL Limited (ASX: CSL), a global leader in blood plasma products, fell 5% to $233.62 at the time of writing, following comments by former U.S. President Donald Trump suggesting the upcoming introduction of significant tariffs on pharmaceuticals.
  • Oil prices continued their sharp decline, plunging to their lowest levels in four years amid escalating trade tensions, raising concerns over reduced global energy demand. Investors are now awaiting the implementation of a new round of tariffs.
  • On the global front, Wall Street posted mixed results overnight. The Dow Jones Industrial Average fell 0.84%, the S&P 500 dropped 1.57%, and the NASDAQ closed down 2.15%.
  • Meanwhile, the Hang Seng Index slipped 0.17%, and the FTSE 100 posted a gain of 2.71% at the time of writing.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

 

 

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