Why did ResMed (ASX:RMD) gain today?

ResMed rose following its FY25 results and margin guidance updates that supported optimism on operational efficiency.

Which sectors led the market lower?

The tech and banking sectors were the main contributors to midday losses on Friday.

What drove the decline in Xero (ASX:XRO)?

Xero declined amid broader weakness in tech, despite no specific announcement tied to the move.

ASX200 Live Update: ResMed Gains, Xero Dips, Banks and Tech Weigh on Market

3 min read | August 01, 2025 02:57 PM AEST | By Team Kalkine Media

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ASX200 Live Update: ResMed Gains, Xero Dips, Banks and Tech Weigh on Market — Image source: Shutterstock

ResMed moves higher after reporting FY25 update

Shares in ResMed (ASX:RMD) advanced in early trade following the company’s full-year earnings release. The respiratory care company noted improved margin guidance, citing ongoing cost management and new product launches as key drivers. The firm also indicated plans to raise its dividend and expand share repurchase activity during the next financial year.

During the morning session, the company held an investor call which appeared to provide further clarity on the outlook for gross margins and R&D allocations, supporting the market reaction.

Xero and Life360 fall amid tech sector weakness

The tech sector experienced pressure at midday, with cloud-based software provider Xero (ASX:XRO) declining. Life360 (ASX:360), another technology name listed on the index, also saw downward movement, although it remains significantly higher year-to-date.

Sentiment in the broader technology space appears cautious heading into the afternoon, as investors weighed recent news surrounding international listings and AI developments across design platforms.

Bank stocks trend lower through midday trade

Major Australian banks led declines during the session. Commonwealth Bank of Australia (ASX:CBA), National Australia Bank (ASX:NAB), and Macquarie Group (ASX:MQG) all traded lower.

These declines aligned with shifting rate expectations and commentary on rental trends. Rising housing costs and easing inflation pressures continue to inform broader economic debate and sector positioning across financials.

Economic data points to easing producer prices

Australian producer price data released earlier in the day reflected easing conditions, with slower growth registered across construction and real estate-related categories. Rent inflation was noted as a primary contributor within the housing sector.

While the decline in producer prices signals a shift in inflation trends, responses across sectors remained mixed, reflecting sensitivity to macroeconomic developments and upcoming central bank movements.

Frequently Asked Questions

Why did ResMed (ASX:RMD) gain today?
ResMed rose following its FY25 results and margin guidance updates that supported optimism on operational efficiency.
Which sectors led the market lower?
The tech and banking sectors were the main contributors to midday losses on Friday.
What drove the decline in Xero (ASX:XRO)?
Xero declined amid broader weakness in tech, despite no specific announcement tied to the move.

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