ASX/200 Closed Higher By 0.74%; Lifted by Industrials| Kapitales Research, Australia.

ASX/200 Closed Higher By 0.74%; Lifted by Industrials

By the end of the trading session on 30 November 2023, the benchmark index S&P/ASX 200 ended higher by 0.74% and settled at 7,087.30. Out of 11 sectors, 09 sectors closed higher along with the ASX 200.

Utilities and Energy sectors were the top-declining sectors, gaining 0.95% and 0.26% respectively in their index values. Industrials and Information Technology sector was the top-gaining sectors, gaining 1.43% and 1.29% respectively in their index values.

Iress Limited (ASX: IRE) and Mirvac Group Limited (ASX: MGR) were the top gainers, with 14.869% and 4.568% growth in share prices, respectively. Core Lithium Limited (ASX: CXO) and Paladin Energy Limited (ASX: PDN) were the top losers, with 3.449% and 2.986% drop in share prices, respectively.

Top gainer for the day:

Industrials (Up 1.43%)
Information Technology (Up 1.29%)

Top loser for the day:

Utilities (Down 0.95%)
Energy (Down 0.26%)

Other Factors influencing the market:

SkyCity Entertainment shares surged by 4.7% to reach AU$1.75 following a favorable ruling by the High Court of New Zealand regarding the casino operator's interpretation of a concession agreement with Macquarie.
Liontown Resources experienced a 2.2% increase, reaching AU$1.375. The lithium company announced the appointment of Ian Wells, former Fortescue Metals chief financial officer, to its board.
Cooper Metals, a North Queensland copper explorer, witnessed a remarkable 67.2% surge in its shares, reaching 43.5 cents. This surge followed the company's report of significant and high-grade copper discoveries from drilling activities at its Brumby Ridge project.
The oil market stabilized after a two-day advance, with traders eagerly awaiting a crucial meeting that could potentially lead to OPEC+ extending or deepening production cuts.
The Dow Jones closed with a marginal increase of 0.04%, while the S&P 500 experienced a slight decline of 0.09%, and the NASDAQ ended the day with a 0.16% decrease.
In Asian markets, the Hang Seng recorded a 0.12% decline, and the FTSE 100 in the UK saw a 0.43% decrease in its value on the given day.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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