ASX/200 Closed Lower By 0.11%; Dragged down by Information Technology
By the end of the trading session on 27 September 2023, the benchmark index S&P/ASX 200 ended lower by 0.11% and settled at 7,030.30. Out of 11 sectors, 08 sectors closed lower along with the ASX 200.
A-REIT and Financial sectors were the top-gaining sectors, gaining 0.44% and 0.12% respectively in their index values. Information Technology and Materials sectors were the top-declining sectors, gaining 1.05% and 0.78% respectively in their index values.
Resmed Inc. (ASX: RMD) and Tabcorp Holdings Limited (ASX: TAH) were the top gainers, with 4.990% and 3.626% growth in share prices, respectively. The Star Entertainment Limited (ASX: SGR) and De Grey Mining Limited (ASX: DEG) were the top losers, with 16.000% and 4.701% drop in share prices, respectively.
Star Entertainment witnessed a significant 15.3% drop in its shares subsequent to its institutional entitlement offer that raised $565 million.
Tamboran Resources, a gas explorer in the Beetaloo Basin, experienced an 11.5% surge in its shares following the release of its initial resource estimate.
ResMed's shares showed a strong rally of 4.8%, attributed to a positive report from Goldman Sachs, which anticipated a reduced impact of weight loss drugs on the obstructive sleep apnea market.
The oil market observed a slight uptick, driven by a tightening supply and demand balance, despite a stronger dollar and a cautious sentiment in financial markets due to expectations of prolonged higher interest rates.
The Dow Jones Industrial Average concluded with a 1.14% decline, while the S&P 500 and NASDAQ registered losses of 1.47% and 1.57%, respectively.
Conversely, the Hang Seng Index exhibited a 0.65% increase, and the FTSE 100 in the UK displayed a marginal gain of 0.02% on the day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
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ASX/200 Closed Lower By 0.11%; Dragged down by Information Technology
By the end of the trading session on 27 September 2023, the benchmark index S&P/ASX 200 ended lower by 0.11% and settled at 7,030.30. Out of 11 sectors, 08 sectors closed lower along with the ASX 200.
A-REIT and Financial sectors were the top-gaining sectors, gaining 0.44% and 0.12% respectively in their index values. Information Technology and Materials sectors were the top-declining sectors, gaining 1.05% and 0.78% respectively in their index values.
Resmed Inc. (ASX: RMD) and Tabcorp Holdings Limited (ASX: TAH) were the top gainers, with 4.990% and 3.626% growth in share prices, respectively. The Star Entertainment Limited (ASX: SGR) and De Grey Mining Limited (ASX: DEG) were the top losers, with 16.000% and 4.701% 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