ASX/200 Closed Flat by 0.00%, Lifted by Consumer Staples

By the end of the trading session on 28 August 2024, the benchmark index S&P/ASX 200 closed flat by 0.00% and settled at 8,071.40. Out of 11 Sectors, 05 sectors ended higher along with the S&P/ASX 200.

Consumer Staples and Financial are the top-gaining sectors, gaining 1.40% and 0.77% in their index value. Energy and Telecommunications Services are the top-losing sectors, losing 1.41% and 1.35% in their index value.

Zip Co Limited (ASX: ZIP) and Perseus Mining Limited (ASX: PRU) are the top-gaining stocks, gaining 13.875% and 5.905% in their stock prices. On the other hand, Tabcorp Holdings Limited (ASX: TAH) and John Lyng Group Limited (ASX: JLG) went down by 15.045% and 6.158% respectively are the top-losing stocks.

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Top gainer for the day:

• Consumer Staples (Up 1.40%)
• Financial (Up 0.77%)

Top loser for the day:

• Energy (Down 1.41%)
• Telecommunications Services (Down 1.35%)

Other Factors influencing the market:

• Flight Centre's Share Surge: Flight Centre shares rose by 3.7% to $20.05 following record earnings that exceeded pre-COVID levels, driven by moderated airfares and robust travel demand.
• Kelsian Group’s Strong Performance: Kelsian Group Limited shares increased by 1.3% to $4.02 after reporting a 44.2% revenue growth to over $2 billion, fueled by its acquisition of All Aboard America! Holdings. Profits soared 176.2% to $58 million.
• APA Group’s Mixed Results: APA Group Limited saw its shares drop 1.5% to $7.82 despite a 9.7% rise in underlying earnings for the year, supported by its expanded east coast gas pipeline network and Pilbara Energy acquisition.
• Oil Prices Update: Oil prices edged up after a more than 2% decline on Tuesday, with an industry report indicating a continued drop in US crude stockpiles.
• Global Market Movements: The Dow Jones rose 0.02%, the S&P 500 increased by 0.16%, and the NASDAQ gained 0.16%. The Hang Seng Index was up 0.43%, and the FTSE 100 saw a 0.21% increase.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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