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ASX Market Close: Index pares gains to close flat | March 25, 2025

ASX News, Market Summary
25 March 2025 17:14 (AEDT)

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The ASX200 closed up 0.07% at 7,942 points.

IT was the best performing sector, up 1.9%, followed by Health Care, up 1%, and Industrials, up 0.4%.

Staples was the worst performer, down 0.85%, followed by Materials and Utilities, both down 0.6%

In the Green

Peregrine Gold (ASX:PGD) closed up 3.45% after finalising a binding agreement with prominent prospector and major shareholder Mark Creasy which grants him access to its high-grade Peninsula prospect for potential gold extraction.

Peregrine Gold closed at 15 cents.

BPH Global (ASX:BP8) closed up 33.3%% on news of progress in its Indonesian seaweed operations following the acquisition of local seaweed assets in January.

BPH Global closed at $0.004.

Li-S Energy (ASX:LIS) closed up 8.7% after partnering with Kea Aerospace to integrate lithium-sulfur battery technology into Kea’s high-altitude UAVs.

Li-S Energy closed at 12.5 cents.

In the Red

Cannindah Resources (ASX:CAE) closed down 18.3% on reports of a copper-gold intersection from its latest drilling at the Mt Cannindah Project in central Queensland.

Cannindah Resources closed at 7.6 cents.

Atlas Arteria (ASX:ALX) closed down 4.3% after the stock traded ex-dividend this morning. Last week, the company declared its second half distribution of 20 cents per share. This represents a 4% dividend yield based on its last close price.

Atlas Arteria closed at $4.82.

And New Hope (ASX:NHC) ended down 3.5% after broker Citi downgraded its rating to “neutral” with a $4.20 reduced price target. The broker says lower thermal coal prices and a significant reduction in earnings estimates lead to the downgrade.

New Hope closed at $3.79.

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