Market Alert : Global Sell-Off Extends: Liquidity Fears and Growth Concerns Dominate

ASX/200 Closed Higher By 0.39%; Lifted by A-REIT

By the end of the trading session on 28 November 2023, the benchmark index S&P/ASX 200 ended higher by 0.39% and settled at 7,015.20. Out of 11 sectors, 04 sectors closed lower along with the ASX 200.

A-REIT and Consume Staples sector was the top-gaining sector, gaining 1.40% and 0.62% respectively in their index values. Energy and Information Technology sectors were the top-declining sectors, losing 1.01% and 0.42% respectively in their index values.

Collins Food Limited (ASX: CKF) and Healius Limited (ASX: HLS) were the top gainers, with 9.009% and 6.391% growth in share prices, respectively. Core Lithium Limited (ASX: CXO) and Sayona Mining Limited (ASX: SYA) were the top losers, with 4.546% and 2.899% drop in share prices, respectively.

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Top gainer for the day:

  • A-REIT (Up 1.40%)
  • Consumer Staples (Up 0.62%)

Top loser for the day:

  • Energy (Down 1.01%)
  • Information Technology (Down 0.42%)

Other Factors influencing the market:

  • Origin dipped by 0.7% to $8.47 due to anticipated delays in LNG deliveries caused by a power outage on a loaded ship in Queensland.
  • Collins Foods experienced a significant surge of 9%, reaching $11.01, driven by robust financial results and an increased interim dividend.
  • PointsBet witnessed a 5.5% increase, reaching 77¢, as the company confirmed its progress in achieving revenue growth in 2024.
  • Oil prices faced a third consecutive day of decline, as concerns about oversupply outweighed expectations that OPEC and its allies might implement deeper production cuts on Thursday.
  • The Dow concluded the day with a 0.15% loss, while the S&P 500 experienced a 0.20% decrease, and the NASDAQ saw a 0.07% decline.
  • The Hang Seng recorded a decline of -0.84%, and the FTSE 100 was down by -0.37% by the end of the day.

 Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

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