ASX/200 Closed Higher By 0.50%; Lifted by Financials
By the end of the trading session on 11 September 2023, the benchmark index S&P/ASX 200 ended higher by 0.50% and settled at 7,192.30. Out of 11 sectors, 07 sectors closed higher along with the ASX 200.
Financial and Consumer Staples sectors were the top-gaining sectors, gaining 1.27% and 0.93% respectively in their index values. Healthcare and Information Technology sectors were the top-declining sectors, gaining 0.67% and 0.41% respectively in their index values.
Syrah Resources Limited (ASX: SYR) and Magellan Financial Group Limited (ASX: MFG) were the top gainers, with 7.017% and 4.400% growth in share prices, respectively. Sims Limited (ASX: SGM) and Megaport Limited (ASX: MP1) were the top losers, with 10.629% and 8.589% drop in share prices, respectively.
Syrah Resources saw a 7% surge in its stock, reaching 61¢, as the graphite producer successfully secured a $150 million loan for its Balama operation in Mozambique.
Sims, a scrap metal recycler, experienced a 10.6% decline, with its stock price falling to $13.79, making it the poorest performer on the S&P/ASX 200 index. The company stated that it anticipates breaking even in earnings during the first quarter of FY24.
Megaport shares declined by 8.6% to $10.75, following the news that Michael Klayko, the director and CEO of laser tech company AOptix Technologies, had sold his 25,000-share stake for approximately $300,000.
Oil prices exhibited a decrease on Monday, influenced by a stronger dollar and economic concerns in China that impacted the outlook for fuel demand.
In the US stock market, the Dow registered a gain of 0.22%, the S&P 500 displayed a 0.14% increase, and the NASDAQ witnessed a 0.09% rise in its overall value.
Conversely, the Hang Seng index in Hong Kong recorded a decline of -1.31%, while the FTSE 100 index in the UK showed a positive performance with a 0.49% increase for the day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
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ASX/200 Closed Higher By 0.50%; Lifted by Financials
By the end of the trading session on 11 September 2023, the benchmark index S&P/ASX 200 ended higher by 0.50% and settled at 7,192.30. Out of 11 sectors, 07 sectors closed higher along with the ASX 200.
Financial and Consumer Staples sectors were the top-gaining sectors, gaining 1.27% and 0.93% respectively in their index values. Healthcare and Information Technology sectors were the top-declining sectors, gaining 0.67% and 0.41% respectively in their index values.
Syrah Resources Limited (ASX: SYR) and Magellan Financial Group Limited (ASX: MFG) were the top gainers, with 7.017% and 4.400% growth in share prices, respectively. Sims Limited (ASX: SGM) and Megaport Limited (ASX: MP1) were the top losers, with 10.629% and 8.589% 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