ASX Market Close: Miners lead bourse higher | February 5, 2025


The ASX200 closed up 0.51% at 8,416 points.

The local market rose in response to China’s measured response to Trump’s tariffs.

Materials was the best performing sector, up 1.6%, followed by IT, up 1.55%, and Energy, up 1.5%. Health Care was the biggest loser, down 0.55%.

In the Green

Insignia (ASX:IFL) closed up 6.9% after Brookfield Asset Management offered $4.60 a share in cash, matching current offers from Bain Capital and CC Capital Partners – and was also given limited due diligence.

Insignia closed at $4.62.

Woodside (ASX:WDS) closed up 1.7% as Brent Crude Oil climbed to around US$76 per barrel.

Woodside closed at $24.78.

Coronado Global Resources (ASX:CRN) closed up 1.5% after paring gains in morning trade. Most Aussie coal miners rallied after China’s retaliatory step to place tariffs on a basket of commodities then set expectations for higher prices.

Coronado Global Resources closed at 66.5 cents.

In the Red

Mesoblast (ASX:MSB) closed down 5.3% despite no news today. It’s likely some investors are taking profits after the stock achieved strong gains over the last twelve months.

Mesoblast closed at $3.02.

Cleanaway Waste Management (ASX:CWY) closed flat after the company was forced to close its liquid waste processing facility in Western Sydney following a significant fire at the premises.

Cleanaway closed at $2.70.

Strickland Metals (ASX:STK) finished down 2.7% after reporting results from its latest drilling at the Rogozna Gold and Base Metals Project in Serbia.

Strickland Metals closed at 7.2 cents.


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