ASX/200 Closed higher by 0.48%; Lifted by Materials
By the end of the trading session on 24 January 2024, the benchmark index S&P/ASX 200 ended higher by 0.06% and settled at 7,519.20. Out of 11 sectors, 04 sectors closed higher along with the ASX 200.
Materials and Energy sectors were the top-gaining sectors, gaining 1.39% and 0.88% respectively in their index values. On the other hand Information Technology and A-REIT were the top-losing sectors, declining 0.40% and 0.35% respectively in their index values.
Weebit Nano Limited (ASX: WBT) and Mineral Resources Limited (ASX: MIN) were the top gainers, with 10.000% and 8.446% growth in share prices, respectively. Domino’s Pizza Limited (ASX: DMP) and Sayona Mining Limited (ASX: SYA) were the top losers, with 31.048% and 9.091% drop in share prices, respectively.
Domino's Pizza experienced a significant decline of 31.1% to $39.51, attributed to the withdrawal of its guidance and a notable decrease in sales from its Asia stores.
Sayona Mining witnessed a 9.1% drop to 4¢ as the lithium miner copes with a challenging lithium price downturn affecting the sector. The company has implemented cost-cutting measures, including reducing staff by 14 at its North American site.
Incitec Pivot saw a positive uptick of 4.7% to $2.90 after the fertiliser manufacturer revealed plans to distribute $500 million to shareholders.
Oil prices surged, reaching close to a one-month high, driven by a more substantial than anticipated decline in US crude inventories and China's announcement of additional stimulus measures.
In the stock market, the Dow closed down by 0.25%, the S&P 500 saw an increase of 0.29%, and the NASDAQ concluded on a higher note with a 0.43% gain.
The Hang Seng index experienced a notable rise of 1.92%, while the FTSE 100 also displayed positive momentum, closing up by 0.56% for the day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed higher by 0.48%; Lifted by Materials
By the end of the trading session on 24 January 2024, the benchmark index S&P/ASX 200 ended higher by 0.06% and settled at 7,519.20. Out of 11 sectors, 04 sectors closed higher along with the ASX 200.
Materials and Energy sectors were the top-gaining sectors, gaining 1.39% and 0.88% respectively in their index values. On the other hand Information Technology and A-REIT were the top-losing sectors, declining 0.40% and 0.35% respectively in their index values.
Weebit Nano Limited (ASX: WBT) and Mineral Resources Limited (ASX: MIN) were the top gainers, with 10.000% and 8.446% growth in share prices, respectively. Domino’s Pizza Limited (ASX: DMP) and Sayona Mining Limited (ASX: SYA) were the top losers, with 31.048% and 9.091% 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