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ASX Market Wrap, January 24

Updated: Jan 26

Aussie Stock Market Update, for January 24, 2025.

Posted 26 January by Dr Jo


Market Wrap for January 24, 2025
Market Wrap for January 24, 2025
Best week for the ASX since December, 2024

The Australian share market delivered its best week since December 2024, with the ASX 200 climbing 1.2% to close at 8,408.9 points, marking three consecutive weeks of gains. Boosted by discretionary stocks like Wesfarmers, up 3.6%, the rally was supported by hopes of an RBA rate cut, with traders pricing in at a 78% chance.


With February's reporting season approaching, staying alert will be crucial as company earnings could drive market volatility. Pay attention to how results align with expectations, especially amid shifting interest rate dynamics. Sharp moves in key sectors or stocks could present opportunities and risks for active investors and traders.


Next week’s inflation data will be pivotal, potentially solidifying expectations for lower rates and bolstering consumer spending further.


ASX50 Top 'Blue Chip' Stocks

Review - some of the BIGGEST PRICE TRENDS in 2024

Pro Medicus (PME)... up 124% (since May '24)

Car Sales (CAR) ... up 95% (since August '22)

Aristocrat Leisure (ALL)... up 77% (since May '24)

Goodman Group (GMG)... up 92% (since Jan '24)

James Hardie Industries (JHX)... up 80% (since Jan '24)

XERO (XRO)... up 117% (since Feb '24) 



ASX XJO Wrap-Up for January 24, 2024




Market Monkey market wrap for January 24, 2025

We hope you enjoy the education piece for this week! Also, don't forget to check out the newly-re-designed BLUE Report... check out our quick overview below 👇


Have a great week all!


Market Monkey Team

...don't play by the rules







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