ASX 200 Ends Higher as Collins Foods, Pilbara Minerals, and Appen Rally

June 24, 2025 05:42 PM AEST | By Team Kalkine Media
 ASX 200 Ends Higher as Collins Foods, Pilbara Minerals, and Appen Rally
Image source: shutterstock

Highlights

  • ASX 200 lifted by strength in metals, financials, and materials

  • Collins Foods Ltd led session gains, supported by upbeat sentiment

  • Woodside Energy and St Barbara weighed on broader market momentum

Australian shares ended the session in positive territory, with the ASX 200 buoyed by gains across the metals & mining, materials, and financials sectors. The session saw selective strength among mid-tier and large-cap stocks, supported by upbeat moves in lithium and data service names.

The broader sentiment was mixed through the trading day, with a shift in leadership between early risers and late pullbacks across energy and industrials.

Collins Foods Tops Gainers as Consumer Demand Holds Up

Collins Foods Ltd (ASX:CKF) emerged as the strongest performer of the session. The company, which operates fast-food chains across Australia and internationally, benefited from positive sentiment around consumption resilience and business stability. The upward movement was noted despite broader sectoral pressure elsewhere in consumer names.

Appen Ltd (ASX:APX) also advanced strongly, with momentum continuing from recent developments in the data services and machine learning segment. Its performance helped lift the technology space.

Pilbara Minerals Climbs Amid Lithium Sector Optimism

Pilbara Minerals Ltd (ASX:PLS) recorded notable gains, contributing positively to the materials and mining segments. Market participants responded to stabilisation trends in the lithium supply chain, and renewed focus on long-term demand linked to clean energy themes.

The move provided additional lift to the broader index, with the stock acting as a key lithium sector bellwether and contributing to confidence across peer companies.

Woodside and St Barbara Drag as Energy and Gold Ease

Among the session’s laggards, St Barbara Ltd (ASX:SBM) posted one of the sharpest declines, following a period of sustained weakness in gold-related equities. Softness in global precious metal pricing and production expectations may have weighed on sentiment around the miner.

Woodside Energy Ltd (ASX:WDS) also moved lower, amid fluctuations in oil markets and broader geopolitical shifts influencing commodity-linked equities. The decline moderated the earlier strength in energy stocks witnessed in previous sessions.

Broader Market Mixed Despite ASX 200 Lift

Despite the overall lift in the ASX 200, performance was fragmented across sectors. Fletcher Building Ltd (ASX:FBU) closed weaker, reflecting volatility in construction-linked equities.

More stocks advanced than declined on the Sydney exchange, although market breadth suggested cautious optimism. Currency movements saw AUD edge higher against major peers, while volatility indices eased modestly.


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