ASX 200 Ended Higher By 0.14%; Buoyed By A-REIT And Tech Sectors

By the end of the trading session on 24 November 2022, the benchmark index S&P/ASX 200 ended higher by 0.14% and settled at 7,241.80. Out of 11 sectors, 7 sectors closed higher along with the ASX 200.

The A-REIT and Information Technology sectors were the top 2 gaining sectors, gained 1.37% and 1.25% in their index values. On the other hand, the Energy and Consumer Staples sectors were the top 2 declining sectors, declined by 1.81% and 0.64% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.41%; 10 Out Of 11 Sectors Are In Green Zone

 St Barbara Limited (ASX: SBM) and Brainchip Holdings Limited (ASX: BRN) were the top gainers, with 9.090% and 8.633% growth in share prices, respectively. On the other hand, New Hope Corporation Limited (ASX: NHC) and Whitehaven Coal Limited (ASX: WHC) were the top losers, with an 8.769% and 6.653% drop in share prices, respectively.

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Top Performers for the day:

• A-REIT (Up 1.37%)
• Information Technology (Up 1.25%)

Top Loser for the day:                                    

• Energy (Down 1.81%)
• Consumer Staples (Down 0.64%)

Other Factors influencing the market:

• S&P/ASX 200 closed higher, tracked US market gains after the issue of the minutes of the Federal Reserve’s November policy meeting, which showed officials decided that smaller rate rises would likely be appropriate soon.
• Whitehaven Coal Limited’s share price declined after the company’s chief executive Paul Flynn sold 900,000 shares in the company for personal reasons.
• Gold miners were among the best performers due to an increase in the gold’s price; St Barbara rose 9.1% to 66¢ and Evolution Mining climbed 6.6% to $2.74.
• Harvey Norman Holdings Limited shares dropped despite its reported aggregated sales revenue for the period July 01 to October 31 increased 6.9% compared to the prior corresponding period.
• Oil prices hovered near two-month lows today after easing concerns over Russian supply, and a deteriorating economic outlook drove sharp losses this week, while weakness in the dollar on dovish signals from the Federal Reserve helped reduce some selling pressure.
• Dow has closed up by 0.28%, S&P 500 up by 0.59%, and NASDAQ closed higher by 0.99%.
• Hang Seng is up by 0.66%, and FTSE 100 is up by 0.17%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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