ASX/200 Closed higher by 0.39%, Lifted by Industrials
By the end of the trading session on 07 March 2024, the benchmark index S&P/ASX 200 ended higher by 0.39% and settled at 7,763.50. Out of 11 sectors, 09 closed higher along with the ASX 200.
Industrials and Information Technology sectors were the top-gaining sectors, gaining 1.33% and 1.03% respectively in their index values. On the other hand, Energy and Consumer Staples was the top-losing sector, losing 1.15% and 0.06% respectively in their index values.
Chalice Mining Limited (ASX: CHN) and Alumina Limited (ASX: AWC) were the top gainers, with 9.917% and 6.422% growth in share prices, respectively. On the other hand, Helia Group Limited (ASX: HLI) and Core Lithium Limited (ASX: CXO) were the top losers, with 13.850% and 4.348% drop in share prices, respectively.
Ramelius Resources, an established mining company, paused trading at $1.545 per share following reports from the Financial Review's Street Talk column. The report suggested that Ramelius Resources is considering a bid ranging between $700 million and $1 billion for Karora Resources, a gold mining company listed in Toronto.
Bitcoin closed at $66,230, while benchmark futures for physical gold rose by 0.4%, reaching a new record high of $2,168.10 per ounce.
Chalice, a nickel mining company, was the top performer on the S&P/ASX 200, witnessing a 9.9% surge to $1.33. This increase was driven by optimism that the decline in nickel prices may have reached its lowest point.
Egypt's pound experienced a significant depreciation of 50% against the US dollar as the country's troubled government extended a deal worth $8 billion in emergency funding from the International Monetary Fund.
The Dow concluded the trading session with a 0.20% increase, the S&P 500 rose by 0.51%, and the NASDAQ saw a gain of 0.58%.
Conversely, the Hang Seng index decreased by -0.57%, while the FTSE 100 index increased by 0.43% on the day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
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ASX/200 Closed higher by 0.39%, Lifted by Industrials
By the end of the trading session on 07 March 2024, the benchmark index S&P/ASX 200 ended higher by 0.39% and settled at 7,763.50. Out of 11 sectors, 09 closed higher along with the ASX 200.
Industrials and Information Technology sectors were the top-gaining sectors, gaining 1.33% and 1.03% respectively in their index values. On the other hand, Energy and Consumer Staples was the top-losing sector, losing 1.15% and 0.06% respectively in their index values.
Chalice Mining Limited (ASX: CHN) and Alumina Limited (ASX: AWC) were the top gainers, with 9.917% and 6.422% growth in share prices, respectively. On the other hand, Helia Group Limited (ASX: HLI) and Core Lithium Limited (ASX: CXO) were the top losers, with 13.850% and 4.348% 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