ASX/200 Closed lower by 0.31%; Dragged down by Energy

By the end of the trading session on 29 December 2023, the benchmark index S&P/ASX 200 ended lower by 0.31% and settled at 7,590.80. Out of 11 sectors, 9 sectors closed lower along with the ASX 200.

Utilities and Telecommunications Services sectors were the top-gaining sectors, gaining 0.56% and 0.13% respectively in their index values. Energy and Materials sectors were the top-losing sectors, losing 0.88% and 0.56% respectively in their index values.

Core Lithium Limited (ASX: CXO) and Sayona Mining Limited (ASX: SYA) and Nickel Industrials (ASX: NIC) were the top gainers, with 4.411% and 3.731% growth in share prices, respectively. West African Resources Limited (ASX: WAF) and Chalice Mining Limited (ASX: CHN) were the top losers, with 4.061% and 3.966% drop in share prices, respectively.

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Top gainer for the day:

• Utilities (Up 0.56%)
• Telecommunications Services (Up 0.13%)

Top loser for the day:

• Energy (Down 0.88%)
• Materials (Down 0.56%)

Other Factors influencing the market:

• Star Entertainment faced significant setbacks, experiencing a 65.8% year-to-date loss, with a staggering $2.4 billion annual loss attributed to its three Sydney-based casinos.
• Eagers Automotive encountered a cyber incident, impacting its transaction finalization for sold vehicles awaiting delivery.
• Neuren Pharmaceuticals emerged as the top-performing stock, boasting an impressive 214.1% year-to-date return, propelled by positive phase-two clinical trial results for its cognitive disorder treatment.
• Oil prices retreated for the fourth time in five sessions due to rising inventories at the crucial US storage hub in Cushing, Oklahoma, counteracting a decline in national stockpiles and creating an uncertain outlook for demand.
• Market indices show varied performance: Dow closed up by 0.14%, S&P 500 up by 0.04%, and NASDAQ down by 0.03%. 
• The Hang Seng is down by -0.35%, and the FTSE 100 is down by -0.03% today.

 Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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