ASX/200 Closed Lower By 0.61%; Dragged down by Information Technology
By the end of the trading session on 26 October 2023, the benchmark index S&P/ASX 200 ended lower by 0.61% and settled at 6,812.30. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
Utilities sector was the top-gaining sectors, gaining 0.91% respectively in their index values. Information Technology and A-REIT sectors were the top-declining sectors, gaining 2.78% and 2.16% respectively in their index values.
IDP Education Limited (ASX: IEL) and Super Retail Group Limited (ASX: SUL) were the top gainers, with 5.876% and 4.590% growth in share prices, respectively. Megaport Limited (ASX: MP1) and Block Inc. (ASX: SQ2) were the top losers, with 16.334% and 8.025% drop in share prices, respectively.
Westpac experienced a 1.1% decline in its stock price, settling at $20.57. The bank reported anticipated losses of $173 million in the financial year ending on September 30.
Pilbara Minerals saw a 0.5% drop in its stock, closing at $3.86. The company's revenue for the September quarter was 42% lower than the previous quarter, amounting to $493.1 million.
Fortescue Metals, on the other hand, witnessed a 0.9% increase in its stock price, reaching $22.21. The mining giant successfully shipped 45.9 million tonnes of iron ore via Port Hedland during the September quarter.
Oil prices stabilized after a recent surge driven by concerns of a potential Israeli ground invasion of Gaza. These geopolitical tensions have reignited worries about a possible escalation that could disrupt energy supplies.
In the stock market, the Dow recorded a 0.32% decrease, while the S&P 500 saw a more significant decline of 1.43%. The NASDAQ, in particular, ended the day with a substantial 2.43% drop in its index.
The Hang Seng index in Hong Kong experienced a 0.76% decline in its performance, while the FTSE 100 in the United Kingdom managed to achieve a modest 0.33% increase during the trading day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed Lower By 0.61%; Dragged down by Information Technology
By the end of the trading session on 26 October 2023, the benchmark index S&P/ASX 200 ended lower by 0.61% and settled at 6,812.30. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
Utilities sector was the top-gaining sectors, gaining 0.91% respectively in their index values. Information Technology and A-REIT sectors were the top-declining sectors, gaining 2.78% and 2.16% respectively in their index values.
IDP Education Limited (ASX: IEL) and Super Retail Group Limited (ASX: SUL) were the top gainers, with 5.876% and 4.590% growth in share prices, respectively. Megaport Limited (ASX: MP1) and Block Inc. (ASX: SQ2) were the top losers, with 16.334% and 8.025% 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