ASX/200 Closed higher by 0.51%; Lifted by Healthcare

By the end of the trading session on 23 January 2024, the benchmark index S&P/ASX 200 ended higher by 0.51% and settled at 7,514.90. Out of 11 sectors, 08 sectors closed higher along with the ASX 200.

Healthcare and Financials sectors were the top-gaining sectors, gaining 1.02% and 0.75% respectively in their index values. On the other hand Consumer Discretionary and A-REIT were the top-losing sectors, declining 0.35% and 0.25% respectively in their index values.

Polynovo Limited (ASX: PNV) and Arcadium Lithium Limited (ASX: LTM) were the top gainers, with 6.321% and 4.666% growth in share prices, respectively. IDP Education Limited (ASX: IEL) and Core Lithium Limited (ASX: CXO) were the top losers, with 5.848% and 4.878% drop in share prices, respectively.

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Top gainer for the day:

• Healthcare (Up 1.02%)
• Financial (Up 0.75%)

Top loser for the day:

• Consumer Discretionary (Down 0.35%)
• A-REIT (Down 0.25%)

Other Factors influencing the market:

• Karoon Energy experienced a 4% decline, falling to $1.785, following a revision in its Brazil production guidance for 2024. The new range is projected to be between 7.2 to 9 million barrels.
• Coronado Global Resources observed a 3.1% increase, reaching $1.68, after concluding the December quarter with a 3.3% rise in run-of-mine coal production, totaling 6.1Mt.
• IDP Education, a student recruitment and English-language testing company, saw a 5.9% decrease, closing at $20.77. This decline is attributed to Canada's announcement of alterations in its intake of international students, potentially impacting IDP Education's volumes.
• A significant oil market indicator is signaling a strengthened underlying physical market, influenced by Ukrainian drone strikes threatening Russian oil exports.
• In the financial markets, the Dow closed with a 0.36% increase, the S&P 500 showed a rise of 0.22%, and the NASDAQ concluded higher by 0.32%.
• The Hang Seng recorded a substantial 2.83% increase, while the FTSE 100 exhibited a 0.35% rise on the current trading day.

 Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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