ASX/200 Closed Higher by 0.13%, Lifted by Consumer Staples

By the end of the trading session on 23 October 2024, the benchmark index S&P/ASX 200 closed higher by 0.13% and settled at 8,216.00. Out of 11 sectors, 07 sectors ended higher along with the S&P/ASX 200.

Consumer Staples and Consumer Dicretionary are the top-losing sectors, losing 1.33% and 0.44% in their index value. On the other hand, Information Technology and Energy are the top-losing sectors, losing 0.99% and 0.75% in their index value.

Qantas Airways Limited (ASX: QAN) and Bellevue Gold Limited (ASX: BGL) are the top-gaining stocks, gaining 3.439% and 3.184% in their stock prices. On the other hand, Mineral Resources Limited  (ASX: MIN) and Audinate Group Limited  (ASX: AD8) went down by 4.965% and 4.353% respectively are the top-losing stocks.

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Top gainer for the day:

• Consumer Staples (Up 1.33%)
• Consumer Dicretionary (Up 0.44%)

Top loser for the day:

• Information Technology (Down 0.99%)
• Energy (Down 0.75%)

Other Factors influencing the market:

• WiseTech led a 1% drop in the technology sector, with its shares closing 1.5% lower at $106.07, extending Monday's 15% decline.
• Domain CEO Jason Pellegrino announced his resignation after six years at the helm of the $1.96 billion online property classifieds business.
• Michael Hill's stock surged by 9.8% to 56¢ after reporting a 4% increase in same-store sales during the first 14 weeks of the new financial year.
• Qantas saw a 3.4% rise to $7.82, following a positive note from Citi, which raised its share price target to over $10 and maintained a "buy" recommendation.
• Gold reached an all-time high as haven demand surged, driven by concerns surrounding the upcoming US election and the Middle East conflict.
• Traders are increasingly betting on bitcoin, anticipating friendlier cryptocurrency regulations if Donald Trump returns to the White House.
• The Dow dropped by 0.02%, the S&P 500 fell 0.05%, while the NASDAQ rose 0.17%. The Hang Seng index increased by 0.10%, and the FTSE 100 declined by 0.14%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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