Market Alert : Global Sell-Off Extends: Liquidity Fears and Growth Concerns Dominate

ASX/200 Closed Lower By 0.82%; Dragged down by Energy

By the end of the trading session on 23 October 2023, the benchmark index S&P/ASX 200 ended lower by 0.82% and settled at 6,844.10. Out of 11 sectors, 08 sectors closed lower along with the ASX 200.

Energy and Materials sectors were the top-gaining sectors, gaining 3.00% and 2.34% respectively in their index values. Healthcare and Consumer Staples sectors were the top-declining sectors, gaining 1.53% and 0.73% respectively in their index values.

Weebit Nano Limited (ASX: WBT) and ARB Corporation Limited (ASX: ARB) were the top gainers, with 15.159% and 5.287% growth in share prices, respectively. New Hope Corporation (ASX: NHC) and Pilbara Mineral Limited (ASX: PLS) were the top losers, with 8.501% and 7.254% drop in share prices, respectively.

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Top gainer for the day:

  • Energy (Up 3.00%)
  • Materials (Up 0.55%)

Top loser for the day:

  • Healthcare (Down 1.53%)
  • Consumer Staples (Down 0.73%)

Other Factors influencing the market:

  • Propel Funeral's stock price increased by 2.7% to $4.53 after its board turned down several buyout offers, deeming them insufficient.
  • Immutep saw a 20% surge in its stock price, reaching 33¢, following the release of positive clinical trial results for its lung cancer treatment.
  • Judo Capital experienced a 5.3% decline in its stock price, falling to 80¢, as the company aims to raise $75 million through perpetual subordinated notes.
  • Oil prices continued to drop as efforts to manage the conflict between Israel and the Palestinian Islamist group Hamas intensified.
  • The Dow closed down by 0.86%, the S&P 500 by 1.26%, and the NASDAQ by 1.53%.
  • The Hang Seng declined by -0.72%, and the FTSE 100 decreased by -1.30% today.

 Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

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