ASX 200 Market Update for Friday

March 28, 2025 04:40 PM AEDT | By Team Kalkine Media

Google News:

ASX 200 Market Update for Friday — Image source: shutterstock

Recent News

Banking Gains Countered by Mining Weakness on the ASX 200

Financial Sector Rises Amid Rate Cut Optimism on the ASX 200

Energy Play in Focus: Beach Energy Ltd Activity Within ASX 200

Southern Cross Gold Moves Toward TSX Listing | ASX 300 & All Ordinarie...

Highlights:

The ASX 200 is set to open slightly higher despite mixed performance on Wall Street.

Oil and gold prices saw gains, which may impact energy and mining stocks.

Wesfarmers receives attention following its Bunnings strategy update.

The Australian share market is positioned for a modest opening increase despite overnight declines in major U.S. indices. The latest SPI futures indicate that the ASX 200 is expected to rise at the open. On Wall Street, the Dow Jones fell, the S&P 500 recorded a slight decline, and the Nasdaq also moved lower.

Oil Prices Strengthen
Energy stocks may see movement after oil prices edged higher overnight. The WTI crude oil price experienced an increase, while the Brent crude oil price also climbed. Concerns over supply disruptions have contributed to this trend, with crude oil prices reaching their highest level in a month.

Gold Prices Reach New Heights
The gold sector could be in focus after the gold price made a notable upward move. The latest reports indicate that gold futures recorded an increase, pushing the price to a record high. The surge is attributed to ongoing concerns over global trade policies, leading to increased demand for the metal.

Technology Sector Developments
One of the notable movements in the technology sector involves a key health imaging company. A major brokerage firm has reiterated its outlook on the company while making adjustments to its valuation. This update follows recent fluctuations in the company's stock price.

Retail and Consumer Goods Update
Wesfarmers (ASX:WES) remains in the spotlight after hosting its Bunnings strategy event. Market observers have reviewed the key takeaways from the event, with particular interest in the company's approach to range management and sales growth. The outlook for Bunnings remains aligned with the broader retail sector trends, which continue to focus on operational efficiency and customer engagement.

The ASX 200's performance will be shaped by these sectoral movements, alongside broader market trends.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.