Market report: ASX falls 1.79% as market declines across all sectors
Published: 00:52 03 Feb 2025 EST
The ASX 200 ended the day down 1.79%, closing at 8,379.4 points. Over the past five days, the index has lost 0.35% and is now 2.19% below its 52-week high.
Among the gainers, Lynas Rare Earths rose 3.63% to close at $6.56 per share.
On the decline, Westgold fell 12.4% to $2.26 after updating its FY25 guidance. The company revised its gold production forecast from 400,000–420,000 ounces to 333,000–350,000 ounces due to slower-than-planned ramp-ups at Beta Hunt and Bluebird-South Junction.
Sector-wise, most categories saw declines. Health Care (-2.26%) and Consumer Discretionary (-2.06%) were the biggest fallers. Other sectors posting losses included Materials (-1.94%), Industrials (-1.69%), Consumer Staples (-1.37%), Financials (-1.89%), Information Technology (-1.88%), Utilities (-1.37%), and Real Estate (-1.65%).
In small caps, Anteris Technologies Global Corp was as much as 87.5 cents, or 8.78%, higher to $10.105, AuMega Metals Ltd increased 4.44% to $0.047, Aurum Resources Ltd reached a daily high of $0.27, a 3.85% increase on the previous close and Cadoux Ltd lifted by 3.77% to $0.055.
