Australia Shares Up at Close of Trade; S&P/ASX 200 Gains

April 17, 2025 05:16 PM AEST | By Team Kalkine Media

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Australia Shares Up at Close of Trade; S&P/ASX 200 Gains — Image source: shutterstock

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Highlights:

Gains in Energy, Resources, and Metals & Mining sectors supported broader market strength

Challenger Ltd, Ampol Ltd, and Iluka Resources Ltd emerged as top performers

Nanosonics Ltd, Appen Ltd, and Zip Co Ltd were among the session's largest laggards

The Australian share market closed in positive territory, supported by strength across Energy, Resources, and Metals & Mining sectors. The S&P/ASX 200 index ended the session with a noticeable rise, reflecting broader investor interest in companies within these industries.

Top Performing Stocks

Challenger Ltd (ASX:CGF) led the market gains during the session, posting a strong upward movement and closing the day as the highest performer on the index. Ampol Ltd (ASX:ALD) followed with a notable lift in its share price, showing resilience in the energy segment. Iluka Resources Ltd (ASX:ILU) also contributed positively to the index, benefiting from interest in the mining and minerals space.

Stocks That Declined

Nanosonics Ltd (ASX:NAN) recorded the largest decline among the listed companies on the index, ending the session with a sharp drop in share price. Appen Ltd also faced downward pressure, reflecting a weaker performance in the tech space. Zip Co Ltd joined the list of underperformers, closing lower as sentiment toward the consumer finance segment softened.

Market Breadth and Volatility

The broader market trend showed more advancing stocks than declining ones, with a substantial number remaining unchanged. This indicated a tilt toward positive momentum across various sectors. The volatility measure tied to the benchmark index saw a sharp decline, suggesting reduced short-term uncertainty in the market.

Commodities and Currency Movements

In commodity trading, gold futures experienced a slight retreat, while crude oil prices moved higher. The benchmark Brent contract also ended in positive territory, reflecting ongoing demand in the energy sector.

In currency markets, the Australian Dollar remained stable against the US Dollar and strengthened modestly against the Japanese Yen. The US Dollar Index showed an upward move, indicating stronger global demand for the greenback.

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