ASX200 Slips from Recent Highs: Market Sheds Points as Most Sectors Decline

June 20, 2025 12:52 PM AEST | By Team Kalkine Media

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ASX200 Slips from Recent Highs: Market Sheds Points as Most Sectors Decline — Image source: shutterstock

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Highlights

ASX200 drops 0.64%, now 1.97% below its 52-week high

10 out of 11 sectors in the red; only Industrials edge higher

Capricorn Metals (ASX:CMM) leads miners with gains amid broader sector dip

The Australian share market experienced a notable downturn on 20 June, with the ASX200 sliding 54.4 points, or 0.64%, to reach 8,469.3 as of 11:45am AEST. This pullback places the benchmark index 1.97% beneath its 52-week peak recorded just last week. The broader retreat signals weakness across nearly all sectors on the exchange.

The S&P/ASX200, known as ASX200 and tracked by institutional and retail investors alike, comprises the 200 largest publicly listed companies by float-adjusted market capitalisation on the Australian Securities Exchange. For more insights, visit the official page: ASX200.

Out of the 11 primary sectors, 10 were trending lower during morning trading. The Materials sector, heavily weighted on the index, was down 0.25%, reflecting pressure in commodity-linked stocks. Only the Industrials sector managed to stay slightly above water, showing a marginal 0.05% gain.

Among individual stocks, Capricorn Metals (ASX:CMM) stood out as the only mining firm to feature in the top five performers on the day, posting a 2.14% gain to reach $10.50 per share. The movement came despite widespread sector weakness, hinting at company-specific resilience or investor interest.

On the flip side, Boss Energy (ASX:BOE), after climbing in previous sessions, saw its stock retreat by 4.09%, bringing it down to $4.45 per share. This reversal followed a short-term peak and broader sentiment shift in uranium-linked equities.

Mineral Resources (ASX:MIN) extended its recent decline, dropping another 2.72% to trade at $21.45 per share. This comes after the company revealed a change in substantial holding on 16 June, which has coincided with increased volatility in its stock performance.

Rio Tinto (ASX:RIO), with a market capitalisation of $38.43 billion, saw unusual trading activity. Its share price rose to $102.82, supported by a volume spike more than double its 90-day average—indicating strong interest from market participants despite overall sector pressure.

While the ASX200 continues to serve as a bellwether for Australia's equity markets, today’s movement shows how investor sentiment and sector-specific developments can quickly reshape performance. Market participants are now eyeing upcoming economic data and global cues that could either extend this correction or bring about a renewed uptrend.

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