The ASX closed up 25 points with the Utilities sector driving the gains.

Of the 50 largest stocks, the most movement has been from Resmed (ASX:RMD) which closed higher by 6.59%, Contact Energy (ASX:CEN) which finished higher by 3.04% and AGL Energy (ASX:AGL) which closed higher by 3.01%.

As the top 50 largest companies comprise almost 60% of the total market, any big changes to their share price may influence the overall market.

The biggest gainer on the ASX at the close was Lincoln Minerals (ASX:LML) - which finished 35.71% higher at the close of trade - this is a micro cap company.

The biggest loser on the ASX at the close was Cyclone Metals (ASX:CLE) - which was down 50.00% at the close of trade - this is a micro cap company.