The uranium miners gained ground on Wednesday (19 March) while the ASX started and ended the day in the red.
The S&P/ASX 200 dropped 32.1 points, or 0.41%, to 7,828.3 points, marking a 4.05% decline so far in 2025.
Ten of the 11 sectors lost ground including materials which retreated 0.59%. Utilities was the biggest loser, wiping off 1.5%, while industrials fell 0.91%.
Uranium explorer Deep Yellow (ASX:DYL) held onto its second place ranking to end the session up 4.48% at $1.05, while producer Boss Energy (ASX:BOE) advanced 3.32% to $2.49.
Coal miner New Hope (ASX:NHC) was also among the top movers, adding 4.22% to end the session at $4.20.
This was a continuation of the momentum generated from the prior day’s news the company is undertaking $100 million buyback following increased production and lower costs for the first half of the 2025 financial year.
Fellow coal producer Coronado Global Resources (ASX:CRN), however, was down 6.06% to $0.465.
Nickel Industries (ASX:NIC) also found itself in the red with a 4.55% tumble to $0.63 despite announcing it has received approval from the Indonesian Ministry of Mines for its techno economic Feasibility Study to increase ore sales from the 80%-owned Hengjaya Mine from 9 million wet metric tonnes (WMT) per annum to 19 million WMT each year.
The S&P/ASX200 is Australia’s leading share market index and contains the top 200 ASX-listed companies in terms of market capitalisation, and accounts for about 80% of the country’s equity market. The index is designed to measure the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalisation.
It is recognised as the institutional investable benchmark in the country.
Write to Angela East at Mining.com.au
Images: ASX & Stock
