ASX/200 Closed Higher By 0.71%; Lifted by Materials

By the end of the trading session on 29 August 2023, the benchmark index S&P/ASX 200 ended higher by 0.71% and settled at 7,210.50. Out of 11 sectors, 02 sectors closed lower along with the ASX 200.

Materials and Consumer Discretionary sectors were the top-gaining sectors, gaining 1.60% and 1.42% respectively in their index values. Information Technology and Healthcare sectors were the top-declining sectors, gaining 0.31% and 0.08% respectively in their index values.

Sayona Mining Limited (ASX: SYA) and Johns Lyns Group Limited (ASX: VNT) were the top gainers, with 4.950% and 4.511% growth in share prices, respectively. Link Administration Limited  (ASX: LNK) and Imugene Limited (ASX: IMU) were the top losers, with 6.717% and 5.971% drop in share prices, respectively.

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Top gainer for the day:

• Materials (Up 1.60%)
• Consumer Discretionary (Up 1.42%)

Top loser for the day:

• Information Technology (Down 0.31%)
• Healthcare (Down 0.08%)

Other Factors influencing the market:

• BHP and Rio Tinto shares concluded 1% higher, while Fortescue Metals saw a gain of 3.2% in closing.
• Star Entertainment experienced a 2.1% lift, despite posting a $2.4 billion full-year loss that led to a value loss of over $2 billion.
• Lark Distilling marked a 7.5% jump after its full-year earnings report showed a loss; the Tasmanian whisky company is banking on its Asian market expansion for a turnaround.
• Oil stabilized as equity markets showed incremental gains, with traders anticipating further insight into US and China crude demand outlook.
• The Dow increased by 0.62%, the S&P 500 by 0.63%, and NASDAQ concluded higher by 0.84%.
• The Hang Seng index recorded a 1.90% rise, and the FTSE 100 exhibited a 0.07% increase on the day.

 Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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