S&P/ASX 200 Ended Higher By 0.19%; Buoyed by Information Technology

By the end of the trading session on 15 June 2023, the benchmark index S&P/ASX 200 ended higher by 0.19% and settled at 7,175.30. Out of 11 sectors, 7 sectors closed higher along with the ASX 200.

The Information Technology and Financial sectors were the 2 top gaining sectors, gained 0.96% and 0.79% in its index value. On the other hand, the Healthcare and Utilities sectors were the top 2 declining sectors, declined by 1.97% and 0.55% in their index values.

Insurance Australia Group Limited (ASX: IAG) and Aurizon Holdings Limited (ASX: AZJ) were the top gainers, with 4.588% and 4.481% growth in share prices, respectively. On the other hand, Imugene Limited (ASX: IMU) and Lynas Rare Earths Limited were the top losers, with a 9.524% and 6.511% drop in share prices, respectively.

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Top Performers for the day:

• Information Technology (Up 0.96%)
• Financial (Up 0.79%)

Top Loser for the day:                                    

• Healthcare (Down 1.97%)
• Utilities (Down 0.55%)

Other Factors influencing the market:

• Share traders remained unfazed by a day marked by strong job data and news of New Zealand's recession, as the market ended with a 0.2% increase.
• Gina Rinehart has taken a significant step towards owning her first lithium mine through a deal that could give her a majority stake in operations aimed at supplying India.
• Charter Hall, a property manager, has reduced the value of properties in its Charter Hall Long WALE REIT by 5.8%, resulting in a total valuation decrease of $419 million.
• On Thursday, oil experienced a recovery following a sharp decline the day before. This was driven by data indicating an increase in refinery operations in China, the leading global importer of crude oil.
• The Dow closed with a 0.68% decline, while the S&P 500 saw a 0.08% increase, and the NASDAQ concluded the day with a higher value, up by 0.39%.
• Today, the Hang Seng experienced a 1.60% increase, and the FTSE 100 rose by 0.10%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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