ASX/200 Closed lower by 0.15%, Dragged down by Consumer Discretionary

By the end of the trading session on 05 March 2024, the benchmark index S&P/ASX 200 ended lower by 0.15% and settled at 7,724.20. Out of 11 sectors, 07 closed lower along with the ASX 200.

Consumer Discretionary and Consumer Staples sectors were the top-gaining sectors, gaining 1.21% and 1.05% respectively in their index values. On the other hand, Healthcare and Materials was the top-losing sector, losing 1.00% and 0.56% respectively in their index values.

Healius Limited (ASX: HLS) and Iress Limited (ASX: IRE) were the top gainers, with 14.666% and 12.500% growth in share prices, respectively. On the other hand, Pilbara Mineral Limited (ASX: PLS) and Strike Energy Limited (ASX: STX) were the top losers, with 7.030% and 6.819% drop in share prices, respectively.

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Top gainer for the day:

• Consumer Discretionary (Up 1.21%)
• Consumer Staples (Up 1.05%)

Top loser for the day:

• Healthcare (Down 1.00%)
• Materials (Down 0.56%)

Other Factors influencing the market:

• Healius saw significant growth in the index, surging by 14.7% to $1.29, marking its largest daily gain since 2020. This surge followed the appointment of Paul Anderson as its new CEO, tasked with leading a strategic review.
• Telix, a pharmaceutical group, experienced a 1.2% rally driven by its announcement to acquire Canadian tech company ARTMS in a deal worth $126 million.
• Northern Star Resources witnessed a 3% increase, reaching $14.13, marking its highest closing level since April of the previous year.
• China unveiled its economic growth target for 2024, aiming for around 5%, mirroring last year's goal and aligning with analysts' forecasts.
• In the US markets, the Dow Jones closed down by 0.25%, the S&P 500 ended the day with a 0.12% decrease, and the NASDAQ experienced a decline of 0.41%.
• Internationally, the Hang Seng index dropped by 2.37%, while the FTSE 100 saw a decline of 0.55% for the day.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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