ASX Market Close: IT stocks lead index higher | May 15, 2025

The ASX200 closed up 0.22% at 8,297 points.

IT was the best performing sector, up 2.0%, followed by Financials, up 1.1%, and Discretionary, up 1%.

Real Estate was the worst performing sector, down 1.3%, followed by Energy, down 1.1%, and Materials, down 0.9%.

In the Green

Peak Rare Earths (ASX:PEK) closed up 166% on  news of its acquisition by Chinese company Shenghe Resources. The deal values Peak at approximately $150 million.

Peak Rare Earths closed at 32 cents.

Brightstar Resources (ASX:BTR) closed up 12.8% after launching a second processing campaign kicked off in collaboration with Genesis Minerals(ASX: GMD).

Brightstar Resources closed at 61.5 cents.

Amplia Therapeutics (ASX:ATX) has popped over +40% in lunchtime trades as the company reports its products provide superior outcomes when coupled with chemotherapy, at least in one ‘ACCENT’ trial announced on Thursday.

Amplia Therapeutics closed at 7 cents.

In the Red

Newmont (ASX:NEM) closed down 3.98% as investors respond to a fall in the gold price overnight. Traders risk appetite has improved, and safe-haven demand has reduced. 

Newmont closed at $74.73.

Treasury Wine Estates (ASX:TWE) closed down 5.1% as the company switches up its CEO. Current CEO Tim Ford is set to be replaced by Sam Fischer in October.

Treasury Wine Estates closed at $8.65.

Greenvale Energy (ASX:GRV) closed down 4.1% on reported multiple uranium anomalies across its key Northern Territory projects.

Greenvale Resources closed at 4.6 cents.