ASX/200 Closed Higher by 0.18%, Lifted by Consumer Staples

By the end of the trading session on 18 November 2024, the benchmark index S&P/ASX 200 closed higher by 0.18% and settled at 8,300.20. Out of 11 sectors, 06 sectors ended higher along with the S&P/ASX 200.

Consumer Staples and Utilities are the top-gaining sectors, gaining 1.95% and 1.82% in their index value. On the other hand Healthcare and Information Technology are the top-losing sectors, losing 0.88% and 0.79% in their index value.

Boss Energy Limited (ASX: BOE) and Deep Yellow Limited (ASX: DYL) are the top-gaining stocks, gaining 7.342% and 7.017% in their stock prices. On the other hand, Life360 Inc. (ASX: 360) and Neuren Pharmaceuticals Limited (ASX: NEU) went down by 6.726% and 6.464% respectively are the top-losing stocks.

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Top gainer for the day:

• Consumer Staples (Up 1.95%)
• Utilities (Up 1.82%)

Top loser for the day:

• Healthcare (Down 0.88%)
• Information Technology (Down 0.79%)

Other Factors influencing the market:

• Clinuvel Pharmaceuticals (ASX: CUV) shares rebounded 2.2% to $13.57 after the company announced plans to narrow its focus to three key areas.

• Cettire (ASX: CTT) dropped 4% to $1.425 as Citi initiated coverage with a sell rating. The company's shares have halved in value this year.
• Life360 (ASX: 360) fell sharply by 6.7% to $21.22 after co-founder and CEO Chris Hulls significantly reduced his stake by selling over 1% of his shares in the company.
• Lovisa Holdings (ASX: LOV) slid almost 4%, hitting a nine-month low of $27.99, following Citi's downgrade from neutral to a sell rating.
• Iron ore prices climbed back above the critical $US100 per tonne mark on Monday afternoon, reflecting signs of a rebound in China's steel production.
• Australian government bond yields followed a firm trend in line with US bonds after strong US retail sales data led markets to reduce expectations for aggressive rate cuts by the Federal Reserve.
• US market performance: The Dow fell by 0.70%, the S&P 500 declined by 1.32%, and the NASDAQ dropped by 2.24%.
• Global indices: The Hang Seng was down 0.05%, while the FTSE 100 slipped by 0.09%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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