Australia 200 afternoon report: 25 February 2025

The Australia 200 trades 55 points (-0.66%) lower at 8253 as of 2.20pm (AEDT).

Australia 200 declines on Wall Street and tariff concerns

The Australia 200 is on track for its sixth loss in the past seven sessions, although it has found some support ahead of yesterday's six-week low of 8216.

Today's weakness follows a jittery session on Wall Street as big tech stocks faltered ahead of Nvidia's anticipated earnings report on Thursday morning. The local earnings season also delivered more high-profile disappointments, and United States (US) President Donald Trump announced that tariffs on Mexico and Canada would commence next month, ending a month-long suspension.

Earnings report highlights

• Johns Lyng headlines today's earnings misses, as shares plummeted 33.43% to $2.53, their lowest since October 2020. After reporting a softer-than-expected first half (H1) 2025 net profit of $20.8 million, down from $31 million the previous year, and downgrading its full-year guidance due to fewer weather-related insurance claims.
• Domino's Pizza dived 12.64% to $28.20, a fresh decade low, after reporting a $22.2 million loss for H1 2025, affected by restructuring costs, write-downs, and impairments. Domino's Pizza hit a high of $167.15 in September 2021 before spending the last three and half years in decline
• Viva Energy, the petrol and diesel supplier of Shell service stations, also had a rough day, with its shares plunging 25.83% to $1.78 after reporting a fiscal year (FY) 2024 profit fall of 20% to $254.2 million and describing the outlook as 'very underwhelming'
• Buy Now Pay Later company Zip surged 16.6% to $2.77 after posting a 117% jump in its full-year earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $67 million
• Woodside Energy rose 2.65% to $24.02 on the back of a stronger-than-expected core profit of US$2.88 billion and a higher-than-expected dividend of US$0.53 per share.

Australia 200 technical analysis

Last week, the Australia 200 sliced through important support at 8350 – 8360, opening the way for a deeper pullback into the 8150 – 8100 support area coming from the 200-day moving average and multi-month trend channel support. It is imperative that this level holds to keep the Australia 200 within its bullish multi-month trend channel.

A sustained break below the bottom of the trend channel at 8150 – 8100 and then below the support at 8050 – 8000 (from the December low) would likely see the sell-off extend towards 7600.

Australia 200 daily chart

• _{Source: TradingView. The figures stated are as of 25 February 2025. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.}