Market Update: ASX 200 recovering some losses (but still nearly 1% down)… | March 5, 2025

The ASX200 has recovered some early losses, after falling well over a per cent this morning, dipping to below 8100 points at times.

It’s still down about 0.9%.

All sectors have been in the red, with Staples diving the deepest, by up to 3.25% – with giant Coles shedding 3.85% and Woolworths well over 3% too. Also heading the same way, Financials has lost close to 2%.

Meanwhile, this morning, ABS data revealed the Australian economy was growing at 0.6% in the December quarter – at its fastest pace since 2022.

Litchfield Minerals (ASX:LMS) is up more than 30% after announcing a survey has revealed a high-chargeability system pointing to copper, zinc, and gold at its Oonagalabi project in the Northern Territory.

With these results adjacent to historic drilling – the company has set up a drilling-for-equity partnership with Bullion Drilling and is hoping to begin a drilling campaign by early April.

Litchfield has been trading at 12.5c.

Healthcare company Healius Ltd (ASX:HLS) has been up as much as 5% despite releasing no news. However, it was last month reported Healius had resumed talks with Australian Clinical Labs about a possible merger.

Shares in Healius have been around $1.42 cents today.

And, Block Inc (ASX:XYZ) has dropped about 5% after a Californian law firm suggested investors who made losses on the company could form a class action.

Block Inc shares last traded at $96.14.

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