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.

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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:

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