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ASX 200 ends flat; Tech stocks outperform

By: Team Kalkine | May 26, 2025 | Read Time : 10 Mins
ASX 200 ends flat; Tech stocks outperform

Image Source : Krish Capital Pty Ltd

Index Update: The S&P/ASX 200 closed slightly higher on Monday, edging up just 0.10 points to finish at 8,361.00. Over the past five days, the index has remained largely flat and sits 2.95% below its 52-week high. Sector performance was mixed, with five sectors gaining and six declining. Information Technology led the gains, rising 1.08% on the day and 3.09% over the past week.

Macro Update: U.S. President Donald Trump on Sunday delayed imposing 50% tariffs on European Union imports, extending the deadline to July 9 to allow more time for trade talks. Trump had announced on Friday the steep tariffs, set for June 1, citing slow progress in negotiations. The threat unsettled global markets and escalated an ongoing trade war marked by shifting tariff policies affecting key U.S. allies and trading partners.

Top Market Movers: Uranium stocks led gains on the ASX, with Deep Yellow Limited (ASX: DYL) jumping 13.65% to AUD 1.415. Paladin Energy Ltd (ASX: PDN) rose 8.84% to AUD 6.280, while Boss Energy Ltd (ASX: BOE) climbed 7.29% to AUD 4.270. On the downside, Elders Limited (ASX: ELD) fell 6.67% to AUD 6.160, Mesoblast Limited (ASX: MSB) dropped 5.28%, and Origin Energy (ASX: ORG) slid 4.89%.

Commodity Update: The euro and U.S. dollar rose against the yen and Swiss franc after Trump extended the EU tariff deadline to July 9, easing tensions. Gold fell 0.55% to USD 3,375.89, silver rose 0.22% to USD 33.682, and copper gained 0.82% to USD 4.8763. Brent crude edged up 0.02% to USD64.22 in Asian trading, though gains were limited due to ongoing concerns about a potential OPEC+ production increase in July.

Our Stance: The ASX’s marginal gain reflects a cautious market tone as investors assess global trade risks. President Trump’s delay of EU tariffs offered temporary relief, supporting some currencies and commodities. Sector movements were mixed, indicating a lack of clear direction. Gains in uranium stocks suggest selective interest in the energy space, while losses in companies like Elders and Origin highlight ongoing vulnerabilities. 

In its latest session, the S&P/ASX 200 Index edged higher by 0.10 points, closing at 8,361.00, reflecting sustained investor optimism. The gain, supported by a bullish candlestick pattern and healthy trading volumes, indicates that market sentiment remains constructive. Technically, the index is trading above its 50-period Simple Moving Average (SMA), reinforcing the bullish outlook and suggesting a solid foundation for continued upside. This positioning points to a strong and persistent uptrend. A key resistance level to watch is 8,420.70. A decisive breakout above this threshold could signal a broader recovery and shift momentum further in favor of the bulls. Such a move would likely attract renewed buying interest and potentially strengthen overall investor sentiment.


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