ASX/200 Closed Higher by 0.23%, Lifted by Information Technology
By the end of the trading session on 02 May 2024, the benchmark index S&P/ASX 200 ended higher by 0.23% and settled at 7,587.00. Out of 11 sectors, 06 sectors closed higher along with the ASX 200.
Information Technology and Financial sectors were the top-gaining sectors, gaining 0.96% and 0.72% respectively in their index values. On the other hand, Consumer Staples and Telecommunications Services sectors were the top-lossing sectors, lossing 2.46% and 0.84% respectively in their index values.
Pexa Group Limited (ASX: PXA) and Qube Holdings Limited (ASX: QUB) are the top-gaining stocks, gaining 10.947% and 6.707% in their stock prices. On the other hand, Bapcor Limited (ASX: BAP) and Block Inc. (ASX: SQ2) are the top-losing stocks and are declining by 23.876% and 5.551% in their stock prices.
Bapcor, the owner of Autobarn and Burson autoparts, experienced a significant decline of 23.9% to $4.40 following a downgrade in profit guidance. The company attributed this decline to consumers' reduced spending on automotive products amid rising living costs.
The Australian dollar recovered slightly during the week, recording a 0.5% increase to reach US65.5¢ at the market close.
Bitcoin continued its downward trend, losing an additional 4.5% to settle at $US57,430 after experiencing a week-long slide.
In the United States, the Federal Reserve announced its intention to slow down the pace of its balance sheet reduction starting from June, a process known as quantitative tightening, which involves allowing bond holdings to gradually decrease.
Gold prices saw an increase following the Federal Reserve's indication that it would consider lowering borrowing costs once it observes a cooling in price gains.
In the stock market, the Dow Jones closed with a gain of 0.23%, while the S&P 500 ended the day down by 0.34%. Similarly, the NASDAQ experienced a decrease of 0.33%.
Overseas, the Hang Seng index in Hong Kong saw a rise of 2.42%, whereas the FTSE 100 in London recorded a slight decline of -0.28% for the day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed Higher by 0.23%, Lifted by Information Technology
By the end of the trading session on 02 May 2024, the benchmark index S&P/ASX 200 ended higher by 0.23% and settled at 7,587.00. Out of 11 sectors, 06 sectors closed higher along with the ASX 200.
Information Technology and Financial sectors were the top-gaining sectors, gaining 0.96% and 0.72% respectively in their index values. On the other hand, Consumer Staples and Telecommunications Services sectors were the top-lossing sectors, lossing 2.46% and 0.84% respectively in their index values.
Pexa Group Limited (ASX: PXA) and Qube Holdings Limited (ASX: QUB) are the top-gaining stocks, gaining 10.947% and 6.707% in their stock prices. On the other hand, Bapcor Limited (ASX: BAP) and Block Inc. (ASX: SQ2) are the top-losing stocks and are declining by 23.876% and 5.551% in their stock prices.
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Top gainer for the day:
Top loser for the day:
Other Factors influencing the market:
Bapcor, the owner of Autobarn and Burson autoparts, experienced a significant decline of 23.9% to $4.40 following a downgrade in profit guidance. The company attributed this decline to consumers' reduced spending on automotive products amid rising living costs.
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