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ASX Market Close: Index breaks February high | May 29 2025

ASX News, Market Summary
29 May 2025 16:57 (AEST)

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The ASX200 closed up 0.15 % at 8,409 points.

Energy was the strongest performing sector, up1.3%, followed by IT, up 0.8%, and Telecommunication, up 0.6%.

Real Estate was the biggest loser, retreating 1%, followed by Materials, down 0.4%, and Staples, 0.3%.

In the Green

Woodside (ASX:WDS) has climbed another 2.7% as investors continue to respond positively to yesterday’s North-West Shelf extension.

Woodside wrapped up at $22.73.

ReadCloud (ASX:RCL) finished up 22.7% after chalking up standout results for the first half of the 2025 fiscal year, with its underlying earnings (EBITDA) increasing by 73%, to $1.8 million.

Readcloud closed at 13.5 cents.

Cobalt Blue (ASX:COB) finished up 17.1% after inking a major feedstock supply agreement with Glencore International. The deal will support the development of Cobalt’s Kwinana Cobalt Refinery in Western Australia.

Cobalt Blue closed at 6.5 cents.

In the Red

Astute Metals (ASX:ASE) closed down 4.1% after confirming the presence of two lithium mineralisation zones in its latest diamond drill hole at the Red Mountain Lithium Project in Nevada.

Astute Metals closed at 2.3 cents.

Resolute Mining (ASX:RSG) closed  down 2.4% after the company became wrapped up in the latest surprise resources policy shift from Guinea’s junta government.

Resolute Mining closed at 61 cents.

Select Harvests(ASX:SHV) closed down 1.1% after posting a turnaround in its financial performance for FY25. The company booked NPAT of $28.7 million, compared to a $2.4 million loss in the previous corresponding period.

Select Harvests finished at $4.51.

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