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ASX Market Close: Index retreats in sea of red | May 5, 2025

ASX News, Market Summary
05 May 2025 16:56 (AEDT)

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The ASX200 closed down 0.97% at 8,157 points.

It was a sea of red and Energy was the worst performing sector, down 2.9%, followed by Financials, down 1.5%, and Telecommunication, down 1.1%

In the Green

Syrah Resources (ASX: SYR) closed up 16.3% after protest actions at its Balama Graphite Operation in Mozambique have been cleared and access to Balama site has been restored.

Syrah Resources closed at 28.5 cents.

Waratah Minerals (ASX:WTM) closed up 17.5% on results from its maiden drilling program at the Breccia West target at the Spur Gold-Copper Project in New South Wales. The Spur Project is located within the wide Lachlan Fold Belt.

Waratah Minerals closed at 23.5 cents.

Trigg Minerals (ASX:TMG) closed up 9.3% on reports of high-grade antimony assay results from back sampling completed at the Wild Cattle Creek Deposit, located within the company’s Achilles Project in northern New South Wales.

Trigg Minerals closed at 4.7 cents.

In the Red

4DMedical (ASX:4DX) closed down 1.7% on execution of a deal with Intermountain Health, a US health system based in Utah.

4D Medical closed at 30 cents.

Helia Group (ASX:HLI) closed down 5.7% after Goldman Sachs responded to the company’s quarterly update by retaining its neutral rating with a $3.93 price target. This implies potential downside of 17% from current levels.

Helia Group closed at $4.74.

Reliance Worldwide (ASX:RWC) closed down 2.4% on release of a trading update. The company says it now expects Americas FY 2025 external sales to be at the lower end of its guidance range.

Reliance Worldwide closed at $4.09.

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