ASX/200 Closed Lower By 0.67%; Dragged down by Energy
By the end of the trading session on 16 November 2023, the benchmark index S&P/ASX 200 ended lower by 0.67% and settled at 7,058.40. Out of 11 sectors, 8 sectors closed lower along with the ASX 200.
Utilities and Consumer Staples sectors were the top-gaining sectors, gaining 0.59% and 0.38% respectively in their index values. Energy and Information Technology sector were the top-declining sectors, losing 1.19% and 1.02% respectively in their index values.
Cromwell Property Group (ASX: CMW) and Iress Limited (ASX: IRE) were the top gainers, with 6.172% and 3.392% growth in share prices, respectively. AMP Limited (ASX: AMP) and Life 360 Inc. (ASX: 360) were the top losers, with 15.764% and 6.982% drop in share prices, respectively.
AMP experienced a significant decline of 15.8%, reaching 85.5¢, marking it as the worst-performing stock on the ASX 200. The downturn was triggered by the company's disclosure that the bank's net interest margin for the 2023 financial year would be a very tight 1.25%.
GrainCorp, on the other hand, saw a positive movement, gaining 1.8% and reaching $7.55. The agribusiness announced its intention to pay a fully franked special dividend of 16¢ and a final dividend of 14¢.
Both oil and gas explorer Karoon Energy and insurance broker roll-up Steadfast Group initiated equity capital markets activities on Thursday. These moves came after preparations for both deals were unveiled by Street Talk.
The oil market experienced a decline following a government report revealing an increase in US crude inventories. Additionally, a Federal Reserve official's indication that interest rates might remain elevated contributed to the fall in oil prices.
In the financial market, the Dow closed with a gain of 0.47%, the S&P 500 increased by 0.16%, and the NASDAQ concluded higher by 0.07%.
Internationally, the Hang Seng reported a decline of -1.15%, while the FTSE 100 in the United Kingdom showed an upward trend, rising by 0.62% on the given day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed Lower By 0.67%; Dragged down by Energy
By the end of the trading session on 16 November 2023, the benchmark index S&P/ASX 200 ended lower by 0.67% and settled at 7,058.40. Out of 11 sectors, 8 sectors closed lower along with the ASX 200.
Utilities and Consumer Staples sectors were the top-gaining sectors, gaining 0.59% and 0.38% respectively in their index values. Energy and Information Technology sector were the top-declining sectors, losing 1.19% and 1.02% respectively in their index values.
Cromwell Property Group (ASX: CMW) and Iress Limited (ASX: IRE) were the top gainers, with 6.172% and 3.392% growth in share prices, respectively. AMP Limited (ASX: AMP) and Life 360 Inc. (ASX: 360) were the top losers, with 15.764% and 6.982% 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