S&P/ASX 200 Closed Sharply Lower; Gold Tops US$3100

By the end of the trading session on 31 March 2025, the benchmark index S&P/ASX 200 ended lower by 1.74% and settled at AU$7,843.40. All 11 sectors closed lower along with the ASX 200. The Materials and Energy sectors were the top 2 declining sectors, declined by 3.35% and 2.68% in their index values.

Orora Limited (ASX: ORA) and Deep Yellow Limited (ASX: DYL) were the top gainers, with 4.444% and 3.414% growth in share prices, respectively. On the other hand, Pilbara Minerals Limited (ASX: PLS) and Zip Co Limited (ASX: ZIP) were the top losers, with an 8.175% and 7.737% drop in share prices, respectively.

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Top Loser for the day:                                    

• Materials (Down 3.35%)
• Energy (Down 2.68%)

Other Factors influencing the market:

• The Australian share market closed sharply lower as investors brace for US President Donald Trump’s largest slew of tariffs yet, which could trigger a meaningful economic downturn.
• Qantas Limited’s shares fell after announcing its long-standing director Todd Sampson was exiting as the airline completes its renewal process under chairman John Mullen.
• Orora Limited advanced after clarifying that French regulators had engaged with its subsidiary Saverglass for an investigation into price increases. The probe followed complaints from the French beverage industry, including a “small number” of Saverglass customers.
• Gold prices rose sharply in Asian trade today, hitting a record high as safe haven demand was boosted by reports that U.S. President Donald Trump was considering imposing broader and bigger trade tariffs this week.
• Oil prices slipped, heading for a modest quarterly loss, despite a warning from U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.
• The Dow has closed down by 1.69%, the S&P 500 closed down by 1.97%, and the NASDAQ ended lower by 2.70%.
• Hang Seng is down by 1.51%, and FTSE 100 is down by 0.08%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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