ASX Market Close: Energy stocks lead index higher | May 21, 2025

The ASX 200 closed up 0.52% at 8,386 points.

Energy was the best performing sector, up1%, followed by Health Care, up 0.95%, and Telecommunication, up 0.88%.

Industrials was the worst performer, down 0.52%.

In the Green

Adriatic Metals (ASX:ADT) closed up 25.2% on revelations it’s in discussions with U.K.-based Dundee Precious Metals regarding a possible takeover.

Adriatic Metals closed at $4.71.

Buxton Resources (ASX:BUX) closed up 20% after locking in key contracts for a major drilling program – set to commence next month – which focuses on its Centurion IOCG (iron oxide, copper-gold) target in Western Australia.

Buxton Resources closed at 4.2 cents.

EMVision (ASX:EMV) closed up 2.6% as investors reacted with enthusiasm after its AI-based ‘ischemia or not’ diagnostic algorithm achieved a sensitivity of 85% and specificity of 78% in the ‘EMView’ pre-validation trial.

EMVision closed at $1.74.

In the Red

Resimac Group (ASX:RMC) closed down 4.1% on news ASIC has commenced civil penalty proceedings against the non-bank lender. The regulator is alleging contraventions in relation to hardship notices under the National Consumer Credit Protection Act.

Resimac closed at $81.5 cents.

James Hardie (ASX:JHX) finished down 6.1% on release of the company’s quarterlies. The company booked a 1% decline in net sales, to US$3.87 billion, and a 17% drop in net profit, to US$424 million.

James Hardie closed at $36.11.

And, Mayne Pharma (ASX:MYX) closed down 29.8% as U.S.-based Cosette flagged it may walk away from a proposed $672M takeover of Mayne.

Mayne Pharma closed at $4.55.