ASX/200 Closed lower by 1.20%; Dragged down by Financial
By the end of the trading session on 01 February 2024, the benchmark index S&P/ASX 200 ended lower by 1.20% and settled at 7,588.20. All 11 sectors closed lower along with the ASX 200.
Financial and A-REIT sectors were the top-gaining sectors, gaining 1.81% and 1.62% respectively in their index values.
Credit Corp Group Limited (ASX: CCP) and Tabcorp Holdings Limited (ASX: TAH) were the top gainers, with 5.578% and 5.000% growth in share prices, respectively. Chalice Mining Limited (ASX: CHN) and Emerald Resources Limited (ASX: EMR) were the top losers, with 8.521% and 8.384% drop in share prices, respectively.
Building approvals in Australia witnessed a significant decline of 9.5% in December, following a minor increase of 0.3% in November, according to data from the Australian Bureau of Statistics.
IGO Ltd, a lithium and gold miner, disclosed that it is facing a legal claim from South32, demanding the repayment of overdue royalties related to mining activities at the Tropicana Gold Mine in Western Australia.
Kelly Partners, an accountancy roll-up, experienced a 5.8% surge in its shares to $5.70 during morning trade. The boost followed the company's report of a 25% increase in underlying net profit, reaching $4.4 million, along with a 23.1% rise in revenue, totaling $52.9 million.
The yield on 10-year US treasuries saw a notable decline of 13 basis points, settling at 3.93%. This move came as traders scaled back their expectations for future rate cuts. Simultaneously, both oil prices and the Australian dollar experienced declines.
In the stock market, the Dow closed with a 0.35% gain, the S&P 500 showed a marginal decrease of 0.06%, and the NASDAQ concluded lower with a 0.76% drop.
The Hang Seng index witnessed a positive trend, recording a 1.00% increase, while the FTSE 100 faced a decline of -0.47% on the given day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed lower by 1.20%; Dragged down by Financial
By the end of the trading session on 01 February 2024, the benchmark index S&P/ASX 200 ended lower by 1.20% and settled at 7,588.20. All 11 sectors closed lower along with the ASX 200.
Financial and A-REIT sectors were the top-gaining sectors, gaining 1.81% and 1.62% respectively in their index values.
Credit Corp Group Limited (ASX: CCP) and Tabcorp Holdings Limited (ASX: TAH) were the top gainers, with 5.578% and 5.000% growth in share prices, respectively. Chalice Mining Limited (ASX: CHN) and Emerald Resources Limited (ASX: EMR) were the top losers, with 8.521% and 8.384% drop in share prices, respectively.
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