ASX/200 Closed lower by 0.66%, Dragged down by Consumer Staples
By the end of the trading session on 21 February 2024, the benchmark index S&P/ASX 200 ended lower by 0.66% and settled at 7,608.40. Out of 11 sectors, 07 closed lower along with the ASX 200.
Information Technology and Utilities sectors were the top-gaining sectors, gaining 2.23% and 1.27% respectively in their index values. On the other hand, Consumer Staples and Materials sector was the top-losing sector, losing 4.26% and 1.41% respectively in their index values.
CSR Limited (ASX: CSR) and Strike Energy Limited (ASX: STX) were the top gainers, with 17.429% and 11.627% growth in share prices, respectively. Corporate Travel Management Limited (ASX: CTD) and Woolworths Group Limited (ASX: WOW) were the top losers, with 20.152% and 6.608% drop in share prices, respectively.
National Australia Bank's stock rose by 0.4% to $33.61, despite a significant 16.9% decline in cash earnings during the December quarter, reaching $1.8 billion. The bank also cautioned about increasing arrears in local home lending and a sluggish economy.
Domino’s Pizza Enterprises saw a 2.3% rally in its stock, reaching $40.50, despite reducing its first-half dividend from 67.4¢ to 55.5¢. This decision followed a 9.2% decrease in net profit to $58 million for the six months ending December 31.
WiseTech, a software provider, experienced an impressive 11.2% surge in its stock, reaching $88.75. This surge followed a 5% increase in statutory net profit to $118.2 million, enabling the company to raise its interim dividend to 7.7¢, marking a 17% increase.
The Australian dollar remained resilient, trading at US65.51¢, despite a faster-than-expected acceleration in the annual pace of pay growth in the last quarter.
Market indices demonstrated mixed performances: The Dow declined by 0.17%, the S&P 500 dipped by 0.16%, and the NASDAQ fell by 0.92%.
Conversely, the Hang Seng rose by 2.56%, while the FTSE 100 experienced a slight decline of -0.12% 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 0.66%, Dragged down by Consumer Staples
By the end of the trading session on 21 February 2024, the benchmark index S&P/ASX 200 ended lower by 0.66% and settled at 7,608.40. Out of 11 sectors, 07 closed lower along with the ASX 200.
Information Technology and Utilities sectors were the top-gaining sectors, gaining 2.23% and 1.27% respectively in their index values. On the other hand, Consumer Staples and Materials sector was the top-losing sector, losing 4.26% and 1.41% respectively in their index values.
CSR Limited (ASX: CSR) and Strike Energy Limited (ASX: STX) were the top gainers, with 17.429% and 11.627% growth in share prices, respectively. Corporate Travel Management Limited (ASX: CTD) and Woolworths Group Limited (ASX: WOW) were the top losers, with 20.152% and 6.608% 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