ASX Rallies Sharply as Global Sentiment Lifts and Energy Sector Leads Gains

April 23, 2025 03:15 PM AEST | By Team Kalkine Media
 ASX Rallies Sharply as Global Sentiment Lifts and Energy Sector Leads Gains

Highlights:

  • ASX benchmark opened stronger, mirroring gains in US and European markets.

  • Energy, tech, and health care sectors led the morning surge across all 11 ASX sectors.

  • Mining stocks, including Freehill Mining (ASX:FHS) and Redstone Resources (ASX:RDS), recorded strong early gains.

The Australian share market surged in early trade following an uplift in global market sentiment. Gains in the US and across European exchanges supported the local bourse, with the S&P/ASX 200 climbing after the opening bell.

The rally was broadly driven by positive remarks from global leadership, which eased concerns around international trade dynamics. The shift in tone signaled a renewed commitment to diplomacy in key geopolitical relationships, lifting global equities.

All Sectors in the Green Led by Energy, Tech, and Healthcare

All industry sectors opened higher, with the energy sector at the forefront. Resource-linked equities responded positively to overnight commodity movements and improved global growth sentiment.

Technology and health care followed closely, contributing further momentum to the broader index. Market participants observed an even spread of early strength across both defensive and cyclical sectors.

Resource and Energy Stocks Record Notable Early Gains

Among the leading early movers, Freehill Mining (ASX:FHS) surged after securing firm commitments for a capital raise. The company also announced a planned entitlement offer to eligible shareholders.

Redstone Resources (ASX:RDS) rose following updates on diamond drilling at its Tollu Copper deposit. The activity is focused on testing mineralisation depth at the Chatsworth Prospect within its West Musgrave Copper Project.

Green Critical Minerals (ASX:GCM) also moved higher on news of a collaboration with a data centre operator to support thermal management solutions, highlighting the growing intersection between mining and tech.

The upward trend extended to Blue Star Helium (ASX:BNL), which announced the successful drilling of a key well at its US-based Galactica helium project.

The local resources segment experienced a lift in activity during the morning session, bolstered by strong sentiment across global markets. The broader support extended to ASX Mining Stocks such as BHP Group Ltd (ASX:BHP), which often reflects both commodity demand and macroeconomic momentum.

Smaller mining firms, including Freehill Mining and Redstone Resources, contributed to volume gains, highlighting interest across both large-cap and emerging players within the sector.

This movement paralleled increased demand in commodity-related equities, particularly amid improved oil and base metals pricing.

Global Markets Rally While Commodities Show Mixed Results

Overseas, major US indices advanced strongly, with all major benchmarks closing higher. The movement followed reassurances from senior figures on key economic policies and leadership stability.

In commodities, oil prices rose, while gold and iron ore exhibited mixed performance. The Australian dollar traded slightly higher against the greenback during the morning, further indicating improved investor sentiment.

Early Trade Highlights ASX Winners and Losers

Among the top early performers on the ASX were Avecho Biotech (ASX:AVE), Enrg Elements (ASX:EEL), and Miramar (ASX:M2R), each showing increased early activity.

On the downside, a number of small-cap stocks including Arizona Lithium (ASX:AZL) and Ora Banda Mining (ASX:OBM) registered weaker performances despite the broader market strength.

The overall session began with a positive outlook across the board, especially in sectors linked to resources, innovation, and health services.


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.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.