ASX/200 Closed Lower by 0.83%, Dragged down by Consumer Staples

By the end of the trading session on 30 October 2024, the benchmark index S&P/ASX 200 closed lower by 0.83% and settled at 8,180.40. Out of the 11 sectors, 10 sectors ended higher along with the S&P/ASX 200.

A-REIT is the top-gaining sector, gaining 0.50% in their index value. On the other hand, Consumer Staples and Consumer Discretionary are the top-losing sectors, losing 3.56% and 1.29 in their index value.

Data#3 Limited (ASX: DTL) and News Corporation (ASX: NWS) are the top-gaining stocks, gaining 6.052% and 3.268% in their stock prices. On the other hand, Woolworths Group Limited (ASX: WOW) and Liontown Resources Limited (ASX: LTR)  went down by 6.096% and 4.495% respectively are the top-losing stocks.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• A-REIT (Up 0.50%)

Top loser for the day:

• Consumer Staples (Down 3.56%)
• Consumer Discretionary (Down 1.29%)

Other Factors influencing the market:

• Shares rose 1.3% to $2.00 after posting positive earnings in the September quarter, reversing a loss from the previous quarter.
• Sales and revenue declined due to lower prices for rare earth materials, leading to a 1% drop in share value, closing at $7.65.
• Shares fell 1.5% to $5.23, with CEO Peter Findlay noting limited price increase prospects for FY25, as the company aims to offset inflation through cost savings and efficiencies.
• Shares dipped 1.8% to 28¢, despite securing a $US150 million ($227 million) binding loan from the U.S. International Development Finance Corporation.
• The Australian dollar has dropped over 5% in October, on track for its largest monthly decline in two years due to rising U.S. Treasury yields and pre-election market shifts favoring the greenback.
• The Dow closed down 0.36%, while the S&P 500 rose 0.16%, and NASDAQ gained 0.81%. 
• In international markets, the Hang Seng climbed 0.49%, and FTSE 100 increased by 0.80%.

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