ASX/200 Closed Higher By 0.03%; Lifted by A-REIT| Kapitales Research, Australia.

ASX/200 Closed Higher By 0.03%; Lifted by A-REIT

By the end of the trading session on 18 August 2023, the benchmark index S&P/ASX 200 ended higher by 0.03% and settled at 7,148.10. Out of 11 sectors, 06 sectors closed lower along with the ASX 200.

A-REIT and Utilities sectors were the top-gaining sectors, gaining 1.83% and 1.17% respectively in their index values. Telecommunications Services and Consumer Discretionary sectors were the top declining sectors, declining 1.69% and 1.00% respectively in their index values.

Magellan Financial Group Limited (ASX: MFG) and Abacus Group Limited (ASX: ABG) were the top gainers, with 13.260% and 10.185% growth in share prices, respectively. Imugene Limited (ASX: IMU) and Super Retail Group Limited (ASX: SUL) were the top losers, with 15.958% and 6.852% drop in share prices, respectively.

Top gainer for the day:

A-REIT (Up 1.83%)
Utilities (Up 1.17%)

Top loser for the day:

Telecommunications Services (Down 1.69%)
Consumer Discretionary (Up 1.00%)

Other Factors influencing the market:

Imugene recorded a significant decline of 16%, marking it as the poorest performing stock. This followed its recent activities involving a $35 million share placement and the launch of a $30 million share purchase plan.
Centuria Capital, a property fund manager, experienced a decrease of 5.9% in its stock value due to its FY24 guidance falling short of market expectations.
Asian stock markets faced a continued downward trend, marking the sixth consecutive day of decline. These declines were attributed to concerns about China's economic situation and rising interest rates.
The oil market witnessed its first weekly loss since June. This decline was driven by apprehensions surrounding China's economic weakness and potential tightening of monetary policy in the US.
The Dow Jones Industrial Average (Dow) concluded with a decrease of 0.84%, while the S&P 500 experienced a decline of 0.77%. The NASDAQ Composite also saw a decline of 1.17%.
The Hang Seng index in Hong Kong faced a substantial decline of -1.67%, and the FTSE 100 index in the UK also experienced a decline of -0.63% on the current day.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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