ASX/200 Closed higher by 0.29%; Lifted by Information Technology
By the end of the trading session on 30 January 2024, the benchmark index S&P/ASX 200 ended higher by 0.29% and settled at 7,600.20. Out of 11 sectors, 07 sectors closed higher along with the ASX 200.
Information Technology and A-REIT sectors were the top-gaining sectors, gaining 1.91% and 1.17% respectively in their index values. On the other hand Industrials and Consumer Staples were the top-losing sectors, declining 0.34% and 0.30% respectively in their index values.
Megaport Limited (ASX: MP1) and Nickel Industries Limited (ASX: NIC) were the top gainers, with 27.607% and 20.833% growth in share prices, respectively. Netwealth Group Limited (ASX: NWL) and Coronado Global Resources Inc. (ASX: CRN) were the top losers, with 4.383% and 2.711% drop in share prices, respectively.
Copper miner Sandfire Resources saw a 3.8% increase, reaching $7.12, following its latest quarterly trading update that reported unaudited sales revenue of $217 million.
Megaport, the cloud connectivity provider, experienced a significant surge of 27.6% to $12.48 after announcing a 5% increase in revenue to $48.6 million in its latest quarterly trading update.
Indonesian producer Nickel Industries recorded a notable 20.8% rise to 72.5¢. Investors were rewarded with an increased dividend, and the company revealed an on-market share buyback valued at up to $151 million.
The oil market remained steady, awaiting a U.S. response to the recent deadly attack on American troops in Jordan. The outcome could potentially escalate tensions in a region crucial to global crude production.
The Dow closed with a modest gain of 0.16%, the S&P 500 slightly declined by 0.07%, and the NASDAQ ended lower by 0.36%.
Meanwhile, the Hang Seng reported a decrease of -1.58%, and the FTSE 100 was down by -0.03% on the current trading day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX/200 Closed higher by 0.29%; Lifted by Information Technology
By the end of the trading session on 30 January 2024, the benchmark index S&P/ASX 200 ended higher by 0.29% and settled at 7,600.20. Out of 11 sectors, 07 sectors closed higher along with the ASX 200.
Information Technology and A-REIT sectors were the top-gaining sectors, gaining 1.91% and 1.17% respectively in their index values. On the other hand Industrials and Consumer Staples were the top-losing sectors, declining 0.34% and 0.30% respectively in their index values.
Megaport Limited (ASX: MP1) and Nickel Industries Limited (ASX: NIC) were the top gainers, with 27.607% and 20.833% growth in share prices, respectively. Netwealth Group Limited (ASX: NWL) and Coronado Global Resources Inc. (ASX: CRN) were the top losers, with 4.383% and 2.711% drop in share prices, respectively.
Top gainer for the day:
Top loser for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au