ASX/200 Closed Lower by 3.89%, Dragged down by Energy

By the end of the trading session on 07 April 2025, the benchmark index S&P/ASX 200 closed lower by 3.89% and settled at 7,369.40. All of 11 sectors ended lower along with the S&P/ASX 200.

Energy and Materials are the top-losing sectors, losing 6.65% and 5.23% in their index value.

Challenger Limited (ASX: CGF) and Lynas Rare Earths Limited (ASX: LYC) are the top-gaining stocks, gaining 6.498% and 3.351% in their stock prices. On the other hand, Mineral Resources Limited (ASX: MIN) and Deep Yellow Limited  (ASX: DYL) went down by 13.219% and 12.569% respectively are the top-losing stocks.

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Top loser for the day:

• Energy (Down 6.65%)
• Materials (Down 5.23%)

Other Factors influencing the market:

• Abacus Storage King soared 19% after major shareholder Ki Corporation, alongside NYSE-listed Public Storage, submitted an offer to acquire the remaining shares at $1.47 apiece.
• Challenger saw its stock rise 7% following the announcement that life insurance firm TAL Dai-ichi Life plans to purchase a 15.1% equity stake.
• Telix Pharmaceuticals is the latest ASX-listed firm with operations in the US to respond to the financial implications of recently introduced trade tariffs.
• Copper and other base metals rebounded from earlier losses that were sparked by a broad market downturn, as the intensifying US-China trade tensions under President Donald Trump cast a shadow over the global economic outlook.
• Cryptocurrency markets experienced sharp declines in early Asian trading this week, reflecting increased risk aversion among investors.
• Crude oil prices plunged at the start of the week after Saudi Arabia made its steepest price cut for its benchmark oil in over two years, while escalating trade conflicts raised fears of a global slowdown and reduced energy demand.
• US equity markets ended mixed, with the Dow Jones falling 5.50%, the S&P 500 down 5.97%, and the NASDAQ sliding 5.82%.
• In other global markets, the Hang Seng Index dropped 11.29%, and London’s FTSE 100 declined 4.95% as of the latest session.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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