Which Stocks Moved the ASX Today and What Sectors Dominated?

May 08, 2025 06:43 PM AEST | By Team Kalkine Media
 Which Stocks Moved the ASX Today and What Sectors Dominated?
Image source: Shutterstock

Highlights

  • ASX trading day closed with varied movements across key sectors including mining and technology.

  • Standout performers included companies such as Liontown Resources (LTR) and Appen (APX).

  • Declines were seen in select real estate and energy sector shares including Scentre Group (SCG) and Beach Energy (BPT).

The mining sector, tracked through key stocks on the S&P/ASX 200 Index, saw movement driven by developments in resource exploration and extraction. Liontown Resources (ASX:LTR) recorded upward momentum during the session, contributing to broader sentiment within the lithium and battery materials segment.

Resource companies remained active in response to announcements relating to project updates and production figures. These movements reflected broader trends across the commodities market, influencing share performance on the day.

Technology Sector Shows Signs of Recovery

Technology shares on the ASX, reflected in the S&P/ASX All Technology Index, displayed strength through names such as Appen (ASX:APX). The sector responded to developments in artificial intelligence deployment and data services expansion, which were a focus for several companies during the session.

Volatility remains a consistent feature in the tech space, and today’s trading highlighted this through fluctuations in market capitalisation among digital infrastructure and machine learning-focused businesses.

Retail and Property Stocks Decline

Real estate and retail-linked companies experienced downward movements, with Scentre Group (ASX:SCG) among the more active names in the space. These companies, part of the S&P/ASX A-REIT Index, reflected shifts in sentiment tied to commercial leasing trends and macroeconomic commentary.

Retail-exposed property firms experienced contrasting performance outcomes, largely due to earnings disclosures and operational cost updates.

Energy Sector Pulls Back

Energy stocks featured prominently among the day's lower performers. Beach Energy (ASX:BPT), which is part of the S&P/ASX 200 Energy Index, experienced a decline as part of broader softness in the oil and gas segment. Market attention remained fixed on global supply metrics and refining output.

Companies in the energy space continue to adjust operations based on updated exploration and production outcomes, influencing intraday movement on the ASX.

Mixed Outcomes Across the Financial Sector

The financial sector showed mixed results across the trading session. While major banks remained relatively stable, regional players and diversified financial services firms experienced varied movement. These shifts are reflected in the performance of the S&P/ASX 200 Financials Index.


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