ASX/200 Closed Higher by 0.20%, Lifted by Utilities
By the end of the trading session on 08 April 2024, the benchmark index S&P/ASX 200 ended higher by 0.20% and settled at 7,789.10. Out of 11 sectors, 07 closed lower along with the ASX 200.
Utilities and A-REIT sectors were the top-gaining sectors, gaining 0.65% and 0.33% respectively in their index values. On the other hand, Consumer Staples and Energy sectors were the top-losing sectors, losing 1.47% and 0.51% respectively in their index values.
Life 360 Inc. (ASX: 360) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 16.804% and 6.690% growth in share prices, respectively. On the other hand, Elders Limited (ASX: ELD) and Beach Energy Limited (ASX: BPT) were the top losers, with 24.416% and 15.040% drop in share prices, respectively.
Life360 experienced a notable surge, increasing by 16.8% to $14.18, surpassing market expectations with 4.8 million active users in the first quarter.
Elders suffered a significant decline of 24.4% to $7.43, attributed to disappointing first-half trading for FY24, impacted by El Niño, low farmgate prices, and ongoing margin pressures.
Beach Energy witnessed a 15% decrease to $1.61 after announcing potential cost increases of up to $200 million at its WA-based Waitsia gas plant due to quality-related issues.
Oil prices retreated from a five-month peak following Israel's decision to withdraw some troops from Gaza, with traders awaiting upcoming market reports for insights into supply and demand dynamics.
The Dow closed with a gain of 0.80%, the S&P 500 rose by 1.11%, and the NASDAQ increased by 1.24%.
The Hang Seng index rose by 0.27%, while the FTSE 100 declined by -0.81% during the day's trading session.
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.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX/200 Closed Higher by 0.20%, Lifted by Utilities
By the end of the trading session on 08 April 2024, the benchmark index S&P/ASX 200 ended higher by 0.20% and settled at 7,789.10. Out of 11 sectors, 07 closed lower along with the ASX 200.
Utilities and A-REIT sectors were the top-gaining sectors, gaining 0.65% and 0.33% respectively in their index values. On the other hand, Consumer Staples and Energy sectors were the top-losing sectors, losing 1.47% and 0.51% respectively in their index values.
Life 360 Inc. (ASX: 360) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 16.804% and 6.690% growth in share prices, respectively. On the other hand, Elders Limited (ASX: ELD) and Beach Energy Limited (ASX: BPT) were the top losers, with 24.416% and 15.040% drop in share prices, respectively.
Copyright © 2022 Kapitales Research
Top gainer for the day:
Top loser for the day:
Other Factors influencing the market:
Life360 experienced a notable surge, increasing by 16.8% to $14.18, surpassing market expectations with 4.8 million active users in the first quarter.
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.au