ASX 200 Gains Ground as Materials, Tech and Virgin IPO Lift Sentiment

2 min read | June 25, 2025 02:49 PM AEST | By Team Kalkine Media

ASX 200 Gains Ground as Materials, Tech and Virgin IPO Lift Sentiment — Image source: shutterstock

Virgin Australia Begins Trading on a Strong Note

Virgin Australia (ASX:VAH) began trading on the Australian Securities Exchange with early gains from its initial public offering. The stock listed around midday and maintained momentum into the close, trading above its issue price.

The aviation group has attracted attention due to its partnership with Qatar Airways and recent developments across global travel networks. Early stability in price movements signals initial demand for the debutant despite broader market volatility.

Greatland Gold Joins ASX with WA Asset Focus

Greatland Gold (ASX:GGP), already dual-listed in London, made its entrance on the local exchange. The company has consolidated significant gold and copper assets in Western Australia, including the Havieron project and the Telfer mine, acquired from Newmont.

Materials and Lithium Producers Rebound

Mining and materials stocks delivered notable gains. Pilbara Minerals (ASX:PLS) rose on renewed strength in Chinese lithium carbonate futures, supporting broader optimism across battery minerals. This followed a period of subdued performance as traders responded to fluctuations in commodity pricing.

The uplift in materials was also supported by positive sentiment in uranium stocks. Deep Yellow (ASX:DYL), Paladin Energy (ASX:PDN), and Boss Energy (ASX:BOE) outperformed, reflecting persistent interest in nuclear-linked resources amid global energy transition efforts.

ASX Ltd and Gold Miners Weigh on Broader Gains

Despite the rally, losses in ASX Ltd (ASX:ASX) limited broader market upside. The Australian Securities and Investments Commission (ASIC) has launched a review into ASX governance, raising questions about its self-listing structure. These developments led to sustained selling interest throughout the day.

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