ASX Turns Positive; Insignia Drops

Australian Financial Review

May 14, 2025

A rally in energy stocks and gains from the major miners helped the sharemarket offset sizeable losses from Macquarie Group and consumer heavyweight Aristocrat Leisure on Wednesday.

The S&P/ASX 200 lifted 0.1 per cent, or by 10.6 points to close at 8279.6, paring losses and notching its sixth day of gains. The All Ordinaries inched higher by 0.1 per cent.

The muted price action compared to a strong US session overnight as technology stocks extended a relief rally following a trade truce between America and China. Nvidia helped the advance, jumping 5.6 per cent after US President Donald Trump moved to free up access to countries seeking artificial intelligence chips manufactured in the US.

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