ASX/200 Closed higher by 0.22%, Lifted by Consumer Discretionary

By the end of the trading session on 13 March 2024, the benchmark index S&P/ASX 200 ended higher by 0.22% and settled at 7,729.40. Out of 11 sectors, 07 closed higher along with the ASX 200.

Consumer Discretionary and A-REIT were the top-gaining sectors, gaining 1.30% and 1.05% respectively in their index values. Materials and Energy were the top-losing sectors, losing 0.75% and 0.35% respectively in their index values.

Liontown Resources Limited (ASX: LTR) and Nine Entertainment Limited (ASX: NEC) were the top gainers, with 10.309% and 9.523% growth in share prices, respectively. On the other hand, Core Lithium Limited (ASX: CXO) and Chalice Mining Limited (ASX: CHN) were the top losers, with 9.091% and 6.514% drop in share prices, respectively.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Consumer Discretionary (Up 1.30%)
• A-REIT (Up 1.05%)

Top loser for the day:

• Materials (Down 0.75%)
• Energy (Down 0.35%)

Other Factors influencing the market:

• Treasury Wines shares rose 1.5% to $12.46 following its announcement of China potentially removing tariffs on Australian wine imports.
• Macquarie Group's shares surpassed $200 for the first time since April 2022, eventually closing at $199.61, up 0.9%.
• BHP Group experienced a 1.3% decline to $41.95 due to falling iron ore futures in Singapore, while Fortescue's shares closed 1% lower at $24.50.
• Despite a sharp correction in iron ore prices, the Australian dollar remained steady at US66.06¢, displaying resilience.
• The Dow closed with a 0.61% gain, the S&P 500 rose by 1.12%, and the NASDAQ ended the day up by 1.54%.
• The Hang Seng index increased by 0.47%, and the FTSE 100 saw a 1.02% rise in today'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