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ASX Market Wrap – 25 June 2025: A Day of Moderate Gains Amid Resource Woes
The S&P/ASX 200 index closed slightly up at 8,559.2, marking a modest gain of 0.04%. This lack of substantial movement is surprising given the backdrop of strong performances from US markets, decent gains in Europe, and notable rises across Asia. However, the downturn in the resources and energy sectors significantly impacted local sentiment. Thankfully, the banking sector, led predominantly by the Commonwealth Bank of Australia (CBA), provided the necessary lift to mitigate losses in other areas.
Market Overview
Indices Performance
| Index | Value | Change |
|---|---|---|
| ASX 200 | 8,559.2 | +0.04% |
| All Ords | 8,779.9 | +0.06% |
| Small Ords | 3,212.4 | -0.09% |
| All Tech | 4,015.8 | -0.21% |
| Emerging Cos | 2,238.3 | +0.40% |
Currency and US Futures
| Currency | Value | Change |
|---|---|---|
| AUD/USD | 0.6499 | +0.15% |
| US Futures | Value | Change |
|---|---|---|
| S&P 500 | 6,147.75 | +0.02% |
| Dow Jones | 43,437.0 | +0.03% |
| Nasdaq | 22,426.5 | +0.06% |
Sector Performance
| Sector | Value | Change |
|---|---|---|
| Financials | 9,632.5 | +1.15% |
| Consumer Discretionary | 4,114.3 | +0.22% |
| Utilities | 9,264.9 | +0.15% |
| Real Estate | 3,978.7 | +0.03% |
| Energy | 8,670.6 | -0.81% |
| Materials | 15,601.4 | -1.27% |
The financial sector, particularly CBA which rose by 1.7%, played a pivotal role in pulling the ASX forward, compensating for declines in the resources sector. The materials sector suffered a significant setback, with major players such as BHP Group (-1.0%), Fortescue Metals (-2.3%), and Mineral Resources (-6.0%) underperforming.
Highlights and Lowlights
Top Performers:
- Light & Wonder (LNW): $142.20 (+10.5%)
- Paladin Energy (PDN): $7.75 (+3.5%)
- SGH (SGH): $55.24 (+1.8%)
- Commonwealth Bank (CBA): $191.40 (+1.7%)
Worst Performers:
- Mineral Resources (MIN): $20.18 (-6.0%)
- Pilbara Minerals (PLS): $1.245 (-3.1%)
- Fortescue Metals (FMG): $14.88 (-2.3%)
The broader S&P/ASX 300 reflected a more troubling picture, with advances lagging declines by 124 to 149. Declines in metals and energy prices have put pressure on investors, with many rotating out of the resources sector entirely.
Economic Outlook
Consumer Price Index (CPI) data for May in Australia revealed an annual increase of 2.1%, below the 2.4% forecast. This points to a stabilising economy, which may impact future monetary policies decided by the Reserve Bank of Australia (RBA).
Upcoming Economic Indicators:
- US Final GDP (March): Expected at -0.2%
- Core Durable Goods Orders (May): Forecasted at +0.1%
Summary
Despite a backdrop of positivity from international markets, Australia’s S&P/ASX 200 managed only a modest gain, significantly affected by weakness in the resources sector. The banking sector’s resilience, particularly among big banks, helped to offset some of these losses, illustrating the complex interplay of sector dynamics within the Australian market. Investors will be eyeing further economic data from the US, which could influence local market sentiment in the coming days.
Stay tuned for more market insights, and check back in for our next update!
