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The ASX200 has been up 0.3% at 8,488 points.
Shane Oliver, Chief Economist at AMP says 2025 is likely to see positive returns, but after the surprising calm of 2024, it’s likely to be far more volatile and more constrained.
IT has been the strongest performing sector, up 1.1%, followed by Real Estate, up 0.8% and Discretionary, up 0.75%.
Energy has been the biggest loser, down 0.75%, followed by Materials, down 0.4% and Health Care, down 0.2%.
Company News
Woodside (ASX:WDS) has been down 0.8% after inking a revised lump sum turnkey engineering, procurement, and construction (EPC) contract with Bechtel for the development of Louisiana LNG.
Woodside has been $24.66.
Magnetic Resources NL (ASX:MAU) has been down 0.8% on strong gold results from recent metallurgical testing work at its Lady Julie North 4 (LJN4) project in WA.
Magnetic Resources has been $1.30.
Mesoblast (ASX:MSB) has been down 8.2% on news the U.S. Food and Drug Administration has granted Regenerative Medicine Advanced Therapy designation for its cellular therapy Revascor (rexlemestrocel-L).
Mesoblast has been $1.61.
