By the end of the trading session on 27 December 2023, the benchmark index S&P/ASX 200 ended higher by 0.79% and settled at 7,561.20. All 11 sectors closed lower along with the ASX 200.
A-REIT and Information Technology sectors were the top-gaining sectors, gaining 1.56% and 1.30% respectively in their index values.
Liontown Resources Limited (ASX: LTR) and Arcadiun Lithium Limited (ASX: LTM) were the top gainers, with 6.270% and 6.237% growth in share prices, respectively. Core Lithium Limited (ASX: CXO) and Boss Energy Limited (ASX: BOE) were the top losers, with 7.693% and 2.759% drop in share prices, respectively.
The Australian sharemarket experienced a significant surge, approaching a record high in the post-Christmas session, driven by a notable increase in the price of iron ore.
Boart Longyear, a drilling company, witnessed a remarkable 57.1% surge in its shares, reaching AU$2.75 each, following its agreement to be acquired by an affiliate of the private equity firm American Industrial Partners.
As part of the acquisition deal, major Boart shareholders, Ascribe II Investments (owning 14.8%) and Centerbridge Partners (owning 45.45%), are set to receive $US1.2351 in cash for their respective stock holdings.
Crude oil prices experienced an uptick due to ongoing disruptions in shipping within the Red Sea caused by Houthi attacks on vessels.
The Dow has closed up by 0.43%, the S&P 500 up by 0.42%, and the NASDAQ ended higher by 0.54%.
The Hang Seng observed a rise of 1.65%, while the FTSE 100 registered a marginal increase of 0.04% in the current trading session.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed higher by 0.79%; Lifted by A-REIT
By the end of the trading session on 27 December 2023, the benchmark index S&P/ASX 200 ended higher by 0.79% and settled at 7,561.20. All 11 sectors closed lower along with the ASX 200.
A-REIT and Information Technology sectors were the top-gaining sectors, gaining 1.56% and 1.30% respectively in their index values.
Liontown Resources Limited (ASX: LTR) and Arcadiun Lithium Limited (ASX: LTM) were the top gainers, with 6.270% and 6.237% growth in share prices, respectively. Core Lithium Limited (ASX: CXO) and Boss Energy Limited (ASX: BOE) were the top losers, with 7.693% and 2.759% drop in share prices, respectively.
Top gainer 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