ASX/200 Closed lower by 0.03%, Dragged down by Telecommunications Services
By the end of the trading session on 28 February 2024, the benchmark index S&P/ASX 200 ended lower by 0.03% and settled at 7,660.40. Out of 11 sectors, 06 closed higher along with the ASX 200.
Information Technology and Energy sectors were the top-gaining sectors, gaining 2.92% and 0.82% respectively in their index values. On the other hand, Telecommunications Services and Financial sector was the top-losing sector, losing 0.81% and 0.60% respectively in their index values.
Chalice Mining Limited (ASX: CHN) and NextDC Limited (ASX: NXT) were the top gainers, with 24.752% and 13.126% growth in share prices, respectively. On the other hand, Kelsian Group Limited (ASX: KLS) and Neuren Pharmacy Limited (ASX: NEU) were the top losers, with 11.988% and 10.848% drop in share prices, respectively.
Liontown Resources and Pilbara Minerals, both ranking among the most shorted stocks on the benchmark, experienced notable increases. Liontown Resources surged by 7.5% to reach $4.17, while Pilbara Minerals saw a 10% jump to $1.27.
Flight Centre's shares declined by 3.9% following the announcement of underlying earnings at $189 million, which fell 3% below consensus expectations. However, revenue met the anticipated levels.
Light & Wonder, a gaming technologies company, witnessed a significant increase of 5.9%, reaching $154.94. This surge followed the company's transition from a loss to a profit in 2023 compared to the previous year.
Oil prices experienced a decline after two days of gains, attributed to conflicting factors. Signs of increased US inventories countered expectations of an extension to supply cuts by OPEC+.
Market indices saw mixed performance: the Dow closed down by 0.16%, the S&P 500 by 0.38%, and the NASDAQ by 0.13%.
On the international front, the Hang Seng recorded a decrease of -0.08%, while the FTSE 100 also saw a slight decline of -0.02% for the day.
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
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX/200 Closed lower by 0.03%, Dragged down by Telecommunications Services
By the end of the trading session on 28 February 2024, the benchmark index S&P/ASX 200 ended lower by 0.03% and settled at 7,660.40. Out of 11 sectors, 06 closed higher along with the ASX 200.
Information Technology and Energy sectors were the top-gaining sectors, gaining 2.92% and 0.82% respectively in their index values. On the other hand, Telecommunications Services and Financial sector was the top-losing sector, losing 0.81% and 0.60% respectively in their index values.
Chalice Mining Limited (ASX: CHN) and NextDC Limited (ASX: NXT) were the top gainers, with 24.752% and 13.126% growth in share prices, respectively. On the other hand, Kelsian Group Limited (ASX: KLS) and Neuren Pharmacy Limited (ASX: NEU) were the top losers, with 11.988% and 10.848% 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