ASX/200 Closed lower by 0.58%; dragged down by Information Technology
By the end of the trading session on 06 February 2024, the benchmark index S&P/ASX 200 ended lower by 0.58% and settled at 7,581.60. Out of 11 sectors, 10 closed lower along with the ASX 200.
Information Technology and Materials sectors were the top-losing sectors, losing 1.80% and 1.13% respectively in their index values. On the other hand, the Energy sector was the top-gaining sector, gaining 0.43% respectively in their index values.
Eagers Automobile Limited (ASX: APE) and Lynas Rare Earth Limited (ASX: LYC) were the top gainers, with 2.909% and 2.816% growth in share prices, respectively. West African Resources Limited (ASX: WAF) and Coachlear Limited (ASX: COH) were the top losers, with 10.639% and 6.861% drop in share prices, respectively.
Nick Scali saw a significant increase of 16.6% after exceeding its first half profit guidance, with a reported 29% decline to $42 million in the first half of fiscal 2024.
Myer experienced a surge of 14.3% following a positive trading update, anticipating a net profit range between $49 million and $53 million for the half-year, as per the latest trading update from the retailer.
Magellan Financial Group witnessed a 1.3% rally as the money manager reported a rise in its funds under management to $36.3 billion in January.
Oil maintained a modest gain, with geopolitical concerns in the Middle East balanced against hawkish remarks from the US Federal Reserve.
The Dow closed down by 0.71%, the S&P 500 by 0.32%, and the NASDAQ lower by 0.20%.
The Hang Seng index saw an increase of 3.68%, while the FTSE 100 experienced a slight decline of -0.04% for the day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
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ASX/200 Closed lower by 0.58%; dragged down by Information Technology
By the end of the trading session on 06 February 2024, the benchmark index S&P/ASX 200 ended lower by 0.58% and settled at 7,581.60. Out of 11 sectors, 10 closed lower along with the ASX 200.
Information Technology and Materials sectors were the top-losing sectors, losing 1.80% and 1.13% respectively in their index values. On the other hand, the Energy sector was the top-gaining sector, gaining 0.43% respectively in their index values.
Eagers Automobile Limited (ASX: APE) and Lynas Rare Earth Limited (ASX: LYC) were the top gainers, with 2.909% and 2.816% growth in share prices, respectively. West African Resources Limited (ASX: WAF) and Coachlear Limited (ASX: COH) were the top losers, with 10.639% and 6.861% drop in share prices, respectively.
Top gainer for the day:
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