ASX/200 Closed Higher by 0.27%, Lifted by Financial

By the end of the trading session on 16 September 2024, the benchmark index S&P/ASX 200 closed higher by 0.27% and settled at 8,121.60. Out of 11 sectors, 07 sectors ended higher along with the S&P/ASX 200.

Financial and Telecommunications Services are the top- gaining sectors, gaining 0.89% and 0.84% in their index value. On the other hand, Healthcare and Utilities are top- losing sectors, losing 0.95% and 0.79%  in their index value.

Alcoa Corporation (ASX: AAI) and Domain Holdings Australia Limited (ASX: DHG) are the top-gaining stocks, gaining 10.212% and 10.108% in their stock prices. On the other hand, Emerald Resources NL (ASX: EMR) and Telix Pharmaceuticals Lithium Limited (ASX: TLX) went down by 6.373% and 5.827% respectively are the top-losing stocks.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Financial (Up 0.89%)
• Telecommunications Services (Up 0.84%)

Top loser for the day:

• Healthcare (Down 0.95%)
• Utilities (Down 0.79%)

Other Factors influencing the market:

• Emerald Resources Drop: Emerald Resources saw a significant drop, falling nearly 6% to $3.84 following the announcement of a wall slip at its mine in Cambodia, making it the second-largest decliner on the ASX.
• Mineral Resources Movement: Lithium miner Mineral Resources experienced a slight decline of 0.2% to $38.27 amid fluctuating trading after releasing optimistic estimates for gas resources at its Lockyer project in Western Australia's Perth Basin.
• Austal's Surge: Defence shipbuilder Austal surged by 20.5%, reaching a 14-year high of $2.70 after securing a $US450 million contract with General Dynamics Electric Boat to expand production capacity in Alabama.
• Lendlease Gains: Property group Lendlease rose by 2.1% to $7.16 after completing the sale of its construction operations on the US East Coast.
• Gold Prices Peak: Gold prices hit an all-time high of $US 2588.81 midday on Monday as the US dollar weakened ahead of a highly anticipated US interest rate cut this week.
• US Market Performance: The Dow Jones Industrial Average increased by 0.72%, the S&P 500 rose by 0.54%, and the NASDAQ gained 0.64%.
• The Hang Seng index is up by 0.03%, and the FTSE 100 has increased by 0.39% today.

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