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ASX Market Close: Index flat as $AUD hits 6 monthly high | May 26, 2025

ASX News, Market Summary
26 May 2025 17:01 (AEST)

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The ASX 200 closed up 0.1% at 8,361 points.

IT was the best performing sector, followed by Materials, up 0.45%, and Discretionary, up 0.3%.

Utilities was by far the worst performing sector, down 2.4%, followed by Telecommunication, down 0.25%.

 In the Green

NuEnergy Gas(ASX:NGY) finished up 10% after kicking off drilling operations at Indonesia’s first commercial coalbed methane project.

NuEnergy closed at 2.2 cents.

PYC Therapeutics(ASX:PYC) closed up 2.5% on receipt of approval to escalate its Phase 1a clinical trial for its drug candidate targeting polycystic kidney disease.

PYC Therapeutics closed at $1.23.

Larvotto Resources (ASX:LRV) closed up 8.2% on positive results from the recently completed Gradient-Array Induced Polarisation (IP) at its Hillgrove Antimony-Gold Project in New South Wales.

Larvotto Resources wrapped at 61.5 cents.

In the Red

Nimy Resources (ASX:NIM) closed down 7.7% on news of the discovery of outcropping chlorite schist, highlighting the potential for additional near-surface gallium mineralisation along trend.

Nimy Resources closed at 8.4 cents.

Elders (ASX:ELD) closed down 6.6% despite reporting a strong recovery in its results for the last six months ending March 3. The agribusiness achieved a 67% increase in earnings before interest and tax rising to $64.3 million, but this failed to excite investors.

Elders closed at $6.16.

Eagers Automotive (ASX:APE) closed down 0.17% after inking an extension to its long-term retail partnership with BYD in Australia.

Eagers Automotive closed at $17.84.

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