Will the S&P/ASX 200 and ASX All Ordinaries Extend Gains on Key Movers?

2 min read | May 23, 2025 05:36 PM AEST | By Team Kalkine Media

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Will the S&P/ASX 200 and ASX All Ordinaries Extend Gains on Key Movers? — Image source: Shutterstock

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Highlights

Resource services and digital infrastructure names led session advances

Agricultural chemicals and education issuers recorded among the largest declines

Overall benchmarks rose amid shifts in commodity and consumer‐linked lines

Operating in the equity market sector on the S&P/ASX 200 Index and ASX All Ordinaries, Perenti Global Ltd (ASX:PRN), Megaport Ltd (ASX:MP1) and Austal Ltd (ASX:ASB) registered the strongest quotation moves under those benchmarks, while Nufarm Ltd (ASX:NUF), Idp Education Ltd (ASX:IEL) and Collins Foods Ltd (ASX:CKF) featured among the most pronounced retreats.

Top Session Advancers

Perenti Global Ltd (ASX:PRN) led resource services lines higher, driven by updates on recent contract awards. Megaport Ltd (ASX:MP1) pushed digital connectivity offerings into positive territory, supported by stable recurring revenue streams. Austal Ltd (ASX:ASB) gained momentum following delivery milestones for marine vessel programmes across defence and commercial ferry segments.

Key Decliners

Nufarm Ltd (ASX:NUF) recorded a significant quotation pullback amid commentary on inventory dynamics in agricultural chemicals. Idp Education Ltd (ASX:IEL) saw share value retreat after filings highlighted softer trends in international education pathways. Collins Foods Ltd (ASX:CKF) fell back as quick-service restaurant operators in key Asian markets faced trading headwinds.

Sector Contributions

Movements in resource services, information technology and maritime engineering names carried meaningful weight in the S&P/ASX 200 Index and ASX All Ordinaries. Advances led by Perenti Global Ltd and Megaport Ltd offset pressure from agribusiness and consumer-facing lines, resulting in a modest net gain for the benchmarks.

Trading Volume Dynamics

Turnover for advancing issuers outpaced average levels as block trades and intraday execution techniques were employed. Selling interest was concentrated in chemical manufacturing and education segments, where participants rebalanced positions following corporate updates. Afternoon auctions reflected tightened bid-ask spreads across both advancing and declining lines.

Market Influences

Global commodity benchmark movements underpinned performance in resource-focused equities, while commentary on demand for digital infrastructure supported cloud-service providers. Policy announcements on education visa frameworks and franchise regulations contributed to sector-specific quotation shifts. Offshore bond yield trends also shaped overall market sentiment under the S&P/ASX 200 Index and ASX All Ordinaries.

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