ASX/200 Closed Higher by 0.01%, Lifted by Utilities

By the end of the trading session on 18 September 2024, the benchmark index S&P/ASX 200 closed higher by 0.01% and settled at 8,142.10. Out of 11 sectors, 05 sectors ended higher along with the S&P/ASX 200.

Utilities and Energy are the top- gaining sectors, gaining 1.26% and 0.69% in their index value. Whereas, Materials and Healthcare are the top-losing sectors, losing 0.56% and 0.43% in their index value.

EVT Limited (ASX: EVT) and New Hope Corporation Limited (ASX: NHC) are the top-gaining stocks, gaining 5.033% and 4.629% in their stock prices. On the other hand, Telix Pharmacy Limited (ASX: TLX) and HMC Capital Limited (ASX: HMC) went down by 3.514% and 3.226% respectively are the top-losing stocks.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Utilities (Up 1.26%)
• Energy (Up 0.69%)

Top loser for the day:

• Materials (Up 0.54%)
• Healthcare (Up 0.43%)

Other Factors influencing the market:

• Harvey Norman: The retailer ended the day unchanged at $4.83, despite facing a class action lawsuit over the sale of "unnecessary and worthless" extended warranties, totaling "hundreds of millions of dollars."
• Fonterra: The New Zealand dairy giant saw its shares rise by 3% to $4.32 following the announcement of its expansion plans.
• Focus on US Interest Rates: Traders are predicting a 65% likelihood of the Federal Reserve cutting rates by half a percentage point, with markets already pricing in a typical quarter-point reduction.
• Rio Tinto's Carbon Neutral Push: The mining company has acquired 3,000 hectares of grazing land near Townsville, aiming to cultivate thousands of trees as part of its move towards carbon-neutral fuels.
• Oil Prices: Oil prices increased by a dollar per barrel on Tuesday, driven by supply issues and speculation that demand will rise if the US Federal Reserve reduces borrowing costs.
• US Market Indices: The Dow Jones closed down 0.04%, the S&P 500 edged up 0.03%, and the NASDAQ gained 0.20%.
• Global Markets: The Hang Seng index rose by 1.37%, while the FTSE 100 increased by 0.38%.

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