ASX/200 Closed Higher by 0.16%, Lifted by Information Technology

By the end of the trading session on 21 July 2024, the benchmark index S&P/ASX 200 ended Higher by 0.86% and settled at 8010.50. Out of 11 sectors, 6 ended higher along with the S&P/ASX 200.

Information Technology and Materials are the top-gaining sectors, gaining 5.13% and 1.54% in their index value. Energy and Financial are the top-loosing sectors, gaining 2.07% and 1.10% in their index value.

Wisetech Global Limited (ASX:WTC ) and Charter Hall Group (ASX: CHC) are the top-gaining stocks, gaining 18.361% and 15.785% in their stock prices. On the other hand, Ventia Services Group Limited (ASX: VNT) and Santos Limited (ASX: STO) went down by 6.712% and 4.348% respectively are the top-losing stocks.

Copyright © 2022 Kapitales Research

Top gainer for the day

• Information Technology (Up 5.13%)
• Materials (Up 1.54%)

Top loser for the day

• Energy (Down 1.53%)
• Financial (Down 1.40%)

Other Factors influencing the market:

• Australian shares closed flat after a mixed session as a rebound in miners offset losses in the energy and banking sectors, with earnings season in full swing.
• Tech stocks cushioned losses, highlighted by WiseTech’s 17% surge after reporting a significant profit increase. Shares hit a record high of AU$114.99.
• Mining companies rallied on rising iron ore prices following China's new measures to support its property market. BHP and Rio Tinto rose by 1.2%, and Fortescue jumped by 4.1%.
• Brambles shares surged nearly 9%, hitting a new high of AU$17.51 after exceeding earnings guidance.
• Charter Hall soared over 15% after promising a 6% lift in distributions in the coming year.
• Breville surged nearly 7% on record sales, while Superloop jumped 6.4% after forecasting strong earnings growth.
• Santos dropped 4.3% following a significant fall in first-half underlying profit due to softened LNG prices.
• Domino’s Pizza dipped 0.6% on lower-than-expected same-store sales but remains optimistic about franchisee profitability.
• AUB Group fell 4.9% despite forecasting higher growth, and Corporate Travel dropped 1.4% after a profit warning tied to changes in the UK’s refugee detention program.
• IAG retreated 3.1% despite doubling annual profit, while Fletcher Building rose 0.5% despite posting a loss.
• Scentre Group dipped 0.4% despite reporting a significant half-year profit increase.
• Perpetual shares eased 0.3% following the appointment of Bernard Reilly as the new CEO.
• HMC Capital fell 2% despite a nearly one-third asset growth to AU$12.7 billion.
• Healius surged nearly 11% despite posting deeper losses and withholding a dividend.
• Cleanaway Waste Management rose 2.4% on higher profitTop of Form.
• Brent Crude oil prices fell by 0.7%, closing at AU$120.44 per barrel. The decline is driven by concerns over a global economic slowdown and weaker demand, particularly in key industrial regions.Bottom of Form
• The Dow Jones closed down by 0.15%, with the S&P 500 and NASDAQ decreasing by 0.20% and 0.33% respectively. 
• The Hang Seng is flat, and the FTSE 100 is lower by 1.00% today.

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