ASX Market Close: Index sets a new closing record | December 3, 2024

The ASX200 closed up 0.56% at 8,495 points, marking a new closing record for the local index. The bourse has risen more than 19% over the same time last year, as the ASX continues its stellar run.

Health Care was the best performer, up 1.2%, followed by Discretionary, up 1.05%, and Industrials, up 0.93%.

Utilities was the worst performer, down 0.51%.

In the Green

Block Inc (ASX:SQ2) closed up 5.82% after leading a surge in tech stocks. The company ranks as the biggest tech player on the ASX and jumped to an all-time high of $144.36, before paring gains to close at $143.94.

Hazer Group (ASX:HZR) closed up 6.41% on receipt of a $6.2 million grant from the WA government. The funding will progress the company’s commercial reactor scale-up program and much of its other work slated for the next two years.

Hazer Group closed at 41.5 cents.

Biotech play INOVIQ (ASX:IIQ) finished up 10.75% after yielding positive results from its blood test to screen for ovarian cancer, with more than 94% accuracy.

Inoviq closed at 51.5 cents.

In the Red

Zip Co. (ASX:ZIP) closed down 0.58% on news founder Larry Diamond will resign from the board, some seven months after he stepped down as CEO in the U.S. He will now focus on his philanthropy projects.

Zip has been $3.41.

Macmahon Holdings (ASX:MAH) closed down 1.35% on release of an investor presentation at the Canaccord Mining Services Series. The mining services company confirmed its FY 2025 guidance of revenue of $2.4 billion to $2.5 billion and underlying EBITA of $160 million to $175 million.

Macmahon closed 36.5 cents.

Predictive Discovery (ASX:PDI) closed down 4.08% on the back of weakness in the gold sector offsetting the release of drilling results from the 5.38M ounces Bankan Gold Project in Guinea, Africa.

Predictive Discovery closed at 23.5 cents.