S&P/ASX 200 Ended Higher By 0.23%; Buoyed by Information Technology

By the end of the trading session on 13 June 2023, the benchmark index S&P/ASX 200 ended higher by 0.23% and settled at 7,138.90. Out of 11 sectors, 8 sectors closed higher along with the ASX 200.

The Information Technology and Telecommunication Services sectors were the 2 top gaining sectors, gained 3.76% and 1.05% in its index value. On the other hand, the Energy and Materials sectors were the top 2 declining sectors, declined by 1.32% and 0.77% in their index values.

Paladin Energy Limited (ASX: PDN) and AUB Group Limited (ASX: IMU) were the top gainers, with 9.352% and 6.000% growth in share prices, respectively. On the other hand, Nickel Industries Limited (ASX: NIC) and Bellevue Gold Limited were the top losers, with a 7.654% and 7.037% drop in share prices, respectively.

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Top Performers for the day:

• Information Technology (Up 3.76%)
• Telecommunications Services (Up 1.05%)

Top Loser for the day:                                    

• Energy (Down 1.32%)
• Materials (Down 0.77%)

Other Factors influencing the market:

• Christine Corbett will be stepping down from her role as CEO-designate of Incitec Pivot's fertilizer business, indicating a potential deviation from the company's planned split into separate fertilizer and explosives divisions.
• In the energy sector, Woodside Energy shares experienced a 1.3% decline, while Santos saw a 1.9% decrease.
• Domino's Pizza witnessed a significant drop of 5.9% in its shares as the company projected sales to fall below expectations for the financial year 2023.
• Iranian President Ebrahim Raisi stated during a visit to Caracas that Iran and Venezuela aim to increase bilateral trade from $3 billion to $20 billion.
• The Dow closed with a 0.56% increase, the S&P 500 rose by 0.93%, and the NASDAQ ended the day higher by 1.53%.
• The Hang Seng index recorded a 0.36% increase, while the FTSE 100 experienced a modest 0.11% rise today.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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