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ASX Market Close: Index lead higher by Energy stocks | April 29, 2025

ASX News, Market Summary
29 April 2025 16:38 (AEDT)

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The ASX200 closed up 0.92% at 8,070 points.

The Energy sector was the best performer, up 2.4%, followed by Utilities, up 2.3%, and IT, up 1.45%.

In the Green

Boss Energy (ASX:BOE) closed up 14.3% on release of its quarterlies. The update revealed the generation of its first free cash flow from the Honeymoon Project in South Australia.

Boss Energy closed at $3.20.

Fortescue (ASX:FMG) finished up 5.8% after the release of its Q3 update. The company shipped 46.1 million tonnes during the quarter, a 6% increase over the same period last year. This was despite facing several significant weather events, including a five-day closure of the Port of Port Hedland.

Fortescue closed at $16.37.

Mineral Resources (ASX:MIN) closed up 13.1% on release of its quarterly update. The company expressed confidence an equity raising will not be necessary.

Mineral Resources closed at $20.57.

In the Red

Catalyst Metals (ASX:CYL) closed down 2.8% after releasing its quarterly update today. The company delivered production in line with guidance, but investors were underwhelmed with the result.

Catalyst Metals wrapped up at $6.26.

Northern Star (ASX:NST) finished down 4.7% after the miner’s quarterly update reported softer than expected gold sales, leading management to downgrade its FY 2025 guidance.

Northern Star closed at $19.88.

And Pact Group (ASX:PGH) closed down 17.8% on news the company will delist from the ASX. The selloff occurred despite the company revealing its operations revenue was up 2.7% for the first three quarters of FY25 compared to the prior corresponding period.

Pact Group called it a day at 90 cents.

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