ASX/200 Closed higher by 0.70%; Lifted by Information Technology
By the end of the trading session on 28 December 2023, the benchmark index S&P/ASX 200 ended higher by 0.70% and settled at 7,614.30. Out of 11 sectors, 9 sectors closed higher along with the ASX 200.
Information Technology and Materials sectors were the top-gaining sectors, gaining 1.03% and 1.02% respectively in their index values. Utilities and A-REIT sectors were the top-losing sectors, losing 0.61% and 0.01% respectively in their index values.
Core Lithium Limited (ASX: CXO) and Sayona Mining Limited (ASX: SYA) were the top gainers, with 6.250% and 4.615% growth in share prices, respectively. Boss Energy Limited (ASX: BOE) and Charter Hall Retail REIT Limited (ASX: CQR) were the top losers, with 3.783% and 2.420% drop in share prices, respectively.
Hapag-Lloyd, a major shipping company, experienced a 2.8% loss as it announced the decision to keep its vessels away from the Red Sea despite the launch of a US-led taskforce.
The US stock market faced challenges in finding stability after nearing a record high, driven by speculations about the Federal Reserve cutting interest rates in 2024.
The US 10-year Treasury yield, a global borrowing benchmark, dropped to approximately 3.8%, marking the lowest level since July.
Crude oil witnessed a decline from its nearly month-high closing, with diminishing support from Red Sea attacks and key technical indicators indicating weakness.
The Dow closed with a 0.30% gain, the S&P 500 increased by 0.14%, and the NASDAQ concluded higher by 0.16%.
The Hang Seng index showed a notable increase of 2.30%, while the FTSE 100 exhibited a gain of 0.36% on the current day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed higher by 0.70%; Lifted by Information Technology
By the end of the trading session on 28 December 2023, the benchmark index S&P/ASX 200 ended higher by 0.70% and settled at 7,614.30. Out of 11 sectors, 9 sectors closed higher along with the ASX 200.
Information Technology and Materials sectors were the top-gaining sectors, gaining 1.03% and 1.02% respectively in their index values. Utilities and A-REIT sectors were the top-losing sectors, losing 0.61% and 0.01% respectively in their index values.
Core Lithium Limited (ASX: CXO) and Sayona Mining Limited (ASX: SYA) were the top gainers, with 6.250% and 4.615% growth in share prices, respectively. Boss Energy Limited (ASX: BOE) and Charter Hall Retail REIT Limited (ASX: CQR) were the top losers, with 3.783% and 2.420% 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