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ASX Closing Summary – 4th July 2025
The S&P/ASX 200 index concluded Friday 7.2 points higher, reflecting a 0.08% increase. This uptick signals resilience in the market, despite downward pressure from major players like BHP and Commonwealth Bank, which both experienced approximately 1% declines.
Quick Insights:
- The overall market performance was able to counterbalance the losses from BHP and CBA.
- Recent IPOs, including Virgin and Gemlife, have begun to falter, approaching their initial offering prices.
- With the US markets closing due to the Independence Day holiday, reduced trading activity is expected in European markets and the ASX on Monday.
Daily Overview
Date: Fri 04 Jul 2025
Major Indices Performance:
| Index | Value | % Change |
|---|---|---|
| ASX 200 | 8,603.0 | +0.08% |
| All Ords | 8,841.9 | +0.09% |
| Small Ords | 3,264.1 | +0.10% |
| All Tech | 4,055.5 | +0.28% |
| Emerging Companies | 2,332.0 | +0.47% |
Currency
- AUD/USD: 0.6572 (+0.00%)
US Futures:
| Index | Value | % Change |
|---|---|---|
| S&P 500 | 6,306.0 | -0.29% |
| Dow Jones | 44,989.0 | -0.24% |
| Nasdaq | 22,996.0 | -0.29% |
Market Highlights
- ASX 200’s slight gain marks the eighth record high this year, showcasing a stable recovery.
- The Materials sector fell by 0.97%, reverting after a recent 4.9% surge, dipping back below its 200-day moving average.
- The Financials sector saw a modest uptick of 0.14%, primarily influenced by minor gains from other major banks, despite CBA’s notable decline.
CBA experienced a week-to-week decline of 3.97%, marking its lowest point in two weeks. In contrast, ANZ, Westpac, and NAB had varied weekly performances of +3.84%, -0.80%, and -0.28%, respectively.
Overall, the session highlighted a mixed performance despite record highs, with retail-focused sectors showing strength while heavyweights faced volatility.
Recent IPOs have struggled, with Gemlife’s shares plunging 5.7% and Virgin down 2.6%.
Economic Updates:
No significant economic announcements were reported.
Noteworthy Stocks
Top Movers:
Gainers:
- RPM Global (RUL): +14.39%
- Fineos Corporation (FCL): +13.62%
- Botanix Pharmaceuticals (BOT): +9.68%
Decliners:
- Gemlife Communities (GLF): -6.47%
- Chalice Mining (CHN): -6.22%
- MTM Critical Metals (MTM): -6.11%
Broker Updates
- Aussie Broadband (ABB): Retained at Buy, Price Target: $4.55 (previously $4.54)
- Australian Finance Group (AFG): Downgraded to Neutral, Price Target: $2.10 (previously $1.85)
- Pro Medicus (PME): Varied ratings from different brokerages suggest volatility, with Price Targets ranging from $280 to $350.
Key Market Movements
- Gainers like Tlou Energy Ltd surged by 57.14%, while REY Resources Ltd faced a significant drop of 26.67%.
- 52-Week Highs: Notable mentions include Tinybeans Group Ltd, up 49.43%.
- 52-Week Lows: Medadvisor Ltd marked a decline of 15.39%.
In summary, the ASX bore witness to a mixed bag amid record-high performances, influenced by both gains in certain sectors and declines from significant players. Despite challenges in recent IPOs, a semblance of stability emerged as the market prepares for a light trading week ahead.
