ASX/200 Closed Higher by 0.06%, Lifted by Information Technology

By the end of the trading session on 25 October 2024, the benchmark index S&P/ASX 200 closed higher by 0.06% and settled at 8,211.30. Out of the 11 sectors, 06 sectors ended higher along with the S&P/ASX 200.

Information Technology and Healthcare are the top-losing sectors, losing 3.34% and 0.53% in their index value. On the other hand, Consumer Staples and Industrials are the top-losing sectors, losing 1.19% and 0.63% in their index value.

Wisetech Global Limited (ASX: WTC) and HMC Capital Limited (ASX: HMC) are the top-gaining stocks, gaining 12.710% and 12.486% in their stock prices. On the other hand, Newmont Corporation (ASX: NEM) and Mineral Resources Limited (ASX: MIN)  went down by 13.595% and 4.985% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 3.34%)
• Healthcare (Up 0.53%)

Top loser for the day:

• Consumer Staples (Down 1.19%)
• Industrials (Down 0.63%)

Other Factors influencing the market:

• Newmont Corporation (NYSE: NEM): Shares fell by 13.6% to $70.74, marking the index's largest decline, as its latest earnings report highlighted challenges from rising production costs.
• HMC Capital (ASX: HMC): Rose by 12.5% to $10.36 after securing $300 million to support its nearly $2 billion acquisition of Sydney data center developer Global Switch Australia.
• ResMed Inc. (NYSE: RMD): Increased 5.9% to $37.73, driven by strong first-quarter revenue in fiscal 2025 from heightened demand for its sleep devices and masks.
• Metcash Limited (ASX: MTS): Declined by 3.3% to $3.19 after announcing further cost-cutting measures due to weaker performance in its hardware division.
• Qantas Airways (ASX: QAN): Gained 1.5% to $8.03, as travel demand held steady in the first half of fiscal 2025, with Jetstar showing strong performance.
• US Market Indices: The Dow closed down by 0.33%, the S&P 500 rose by 0.21%, and the NASDAQ ended up by 0.75%.
• International Markets: Hang Seng dropped by 1.30%, while the FTSE 100 slipped by 0.13%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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