ASX Market Close: Index flat on eve of Trump tariff call | April 2, 2025

The Market Herald
02 Apr

The ASX200 closed up 0.12% at 7,934 points.

Real Estate was the best performing sector, up 1.6%, followed by Telecommunication, up 0.8%, and Financials, up 0.7%.

Materials has been the poorest performer, down 1.6%, followed by Energy, down 1.3%, and Staples, down 1%.

In the Green

Biome Australia (ASX:BIO) has reported a strong performance for FY25’s third quarter, with sales revenue reaching $4.5 million; a 41% increase compared to the same quarter last year. Year-to-date, Biome has achieved $13.4 million in sales, reflecting a 46% growth over the prior year period.

Biome Australia closed at 50.5 cents.

Terra Metals’ (ASX:TM1) closed up 5.56% after ongoing exploration at the Dante Project in Western Australia confirmed wide zones of mineralisation at Reef 2 North. Infill drilling closed a 2.7km gap in prior drilling, revealing high-grade and wide mineralisation from surface.

Terra Metals closed at 1.9 cents.

Emerald Resources (ASX:EMR) closed up 1.9% on the company clearing its debts. The final payment has been made under the debt facility, which allowed for the development of the 100% owned Okvau Gold Mine.

Emerald Resources closed at $3.76.

In the Red

PlaySide Studios (ASX:PLY) closed down 2.8% after restructuring its operations in response to delays in securing new work-for-hire contracts.

PlaySide Studios closed at 17.5 cents.

Vulcan Energy (ASX:VUL) closed down 10.5% on the slow progress of its Phase One Lionheart Project financing, following a “Strategic Project” status designation of the project by the European Commission.

Vulcan Energy closed at $4.60.

Harvey Norman (ASX:HVN) closed down 2.8% after its stock went ex-dividend. Last month, the company released half year results, reporting a 6.6% increase in revenue, to $2.29 billion, and a 41.2% jump in reported profit before tax, to $400 million.

Harvey Norman closed at $4.90.

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