Proactive’s Tylah Tully gives a market wrap for November 25.
The ASX 200 rose by 0.28% today, closing at 8,417 points, marking a 100-day high.
The index has gained 1.6% over the past five days and is now 0.53% below its 52-week high.
This growth aligns with Black Friday momentum and steady US market performance, where the S&P 500 and Nasdaq rose 1.7% and 1.9%, respectively.
The leading stocks today were Zip Co Ltd, which climbed 4.36% to $3.35, and Guzman Y Gomez Ltd, rising 4.27% to $39.82. Both gains were achieved without specific announcements.
Tabcorp Holdings dropped 5.61% to $0.50, while Bellevue Gold declined by 4.07%, ending at $1.29.
Seven sectors closed higher. Real Estate led the rally with a 1.57% increase, while Utilities lagged, falling 1.06%.
Gold prices rose by 6%, and iron ore gained 4%, buoyed by Chinese industrial demand and safe-haven investments.
Uranium stocks performed well globally, supported by reduced supply and increased demand from major tech companies.
Among the positive movers in the small cap sector were Alto Metals Ltd, which reached $0.094, up 13.26% on the previous close, Titan Minerals Ltd was 9.76% higher to $0.145, American Rare Earths Ltd hit $0.285, an increase of 9.62% and Altech Batteries Ltd lifted 8.7% to $0.05.
Other gainers were Astral Resources NL, which rose 7.69% on the previous close to $0.14, Anteris Technologies Ltd reached $9.79, an increase of 5.27%, Orthocell was up 4.88% to $0.645, Brookside Energy Ltd increased 3.16% to $0.49 and Tolu Minerals Ltd hit $0.935, a rise of 2.75%.
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