ASX/200 Closed higher by 0.93%; Lifted by Information Technology
By the end of the trading session on 09 January 2024, the benchmark index S&P/ASX 200 ended higher by 0.93% and settled at 7,520.50. Out of 11 sectors, 10 closed higher along with the ASX 200.
Information Technology and Healthcare sectors were the top-gaining sectors, gaining 1.92% and 1.46% respectively in their index values. On the other hand, Energy was the top-losing sector, declining 0.09% respectively in their index values.
Alumina Limited (ASX: AWC) and Elders Limited (ASX: ELD) were the top gainers, with 7.692% and 7.681% growth in share prices, respectively. Arcadium Lithium Limited (ASX: LTM) and Weebit Nano Limited (ASX: WBT) were the top losers, with 3.080% and 3.062% drop in share prices, respectively.
Worley shares were halted from trading due to reports of allegations of “illegality and bad faith” by an Ecuadorean tribunal, prompting the company to make a further announcement.
Alumina's shares rose by 1.1% after the company confirmed its intention to fully cease production at its Kwinana refinery in the March quarter of this year, citing cost-cutting measures as the driving factor.
The Reserve Bank of Australia is actively seeking evidence of an economic slowdown to address inflation concerns. The cash rate was held at 4.35% last month, and the central bank may overlook distorted retail sales results.
Bitcoin has experienced a surge, surpassing $47,000 for the first time since April 2022. Investors are positioning themselves optimistically, anticipating a favorable US regulatory decision on bitcoin ETFs, expected this week.
In the stock market, the Dow closed with a 0.58% gain, the S&P 500 saw a 1.41% increase, and the NASDAQ concluded the day with a 2.20% rise.
The Hang Seng recorded a 0.31% uptick, while the FTSE 100 showed a modest increase of 0.06% on the current trading day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed higher by 0.93%; Lifted by Information Technology
By the end of the trading session on 09 January 2024, the benchmark index S&P/ASX 200 ended higher by 0.93% and settled at 7,520.50. Out of 11 sectors, 10 closed higher along with the ASX 200.
Information Technology and Healthcare sectors were the top-gaining sectors, gaining 1.92% and 1.46% respectively in their index values. On the other hand, Energy was the top-losing sector, declining 0.09% respectively in their index values.
Alumina Limited (ASX: AWC) and Elders Limited (ASX: ELD) were the top gainers, with 7.692% and 7.681% growth in share prices, respectively. Arcadium Lithium Limited (ASX: LTM) and Weebit Nano Limited (ASX: WBT) were the top losers, with 3.080% and 3.062% 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