S&P/ASX 200 Closed Higher; 10 Out Of 11 Sectors Closed Higher

By the end of the trading session on 02 January 2025, the benchmark index S&P/ASX 200 ended higher by 0.52% and settled at AU$8,201.20. Out of 11, 10 sectors closed higher along with the ASX 200.

The Energy and Materials sectors were the top 2 gaining sectors, gained 1.46% and 1.09% in their index values. On the other hand, the Consumer Staples sector was the only declining sector, declined by 0.02% in its index value.

Liontown Resources Limited (ASX: LTR) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 8.571% and 4.365% growth in share prices, respectively. On the other hand, Telix Pharmaceuticals Limited (ASX: TLX) and Clarity Pharmaceuticals Limited (ASX: CU6) were the top losers, with a 3.129% and 2.638% drop in share prices, respectively.

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Top Performers for the day:

• Energy (Up 1.46%)
• Materials (Up 1.09%)

Top Loser for the day:                                    

• Consumer Staples (Down 0.02%)

Other Factors influencing the market:

• The Australian share market returned to the green on the first day of 2025 trading, buoyed by a bout of momentum trading and a rally in energy stocks.
• Gold prices rose slightly in Asian trade today, extending their strong performance from 2024 as a weaker U.S. dollar provided support, while traders remained cautious given the U.S. Federal Reserve's projection of fewer interest rate cuts this year.
• Lendlease shares closed flat after the company struck a deal to sell its British construction business to Atlas Holdings for $70 million.
• Oil prices traded higher today, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth.
• The Dow has closed down by 0.07%, the S&P 500 closed down by 0.43%, and the NASDAQ ended lower by 0.90%.
• Hang Seng is down by 1.67%, and FTSE 100 is up by 0.64%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier: 

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