ASX/200 Closed Higher by 0.34%, Lifted by Consumer Discretionary

By the end of the trading session on 29 October 2024, the benchmark index S&P/ASX 200 closed higher by 0.34% and settled at 8,249.20. Out of the 11 sectors, 07 sectors ended higher along with the S&P/ASX 200.

Consumer Discretionary and Information Technology are the top-losing sectors, losing 0.90% and 0.86% in their index value. On the other hand, Energy and Utilities are the top-losing sectors, losing 0.67% and 0.75 in their index value.

Zip Co Limited (ASX: ZIP) and Premier Investments Limited (ASX: PMV) are the top-gaining stocks, gaining 11.828% and 9.909% in their stock prices. On the other hand, Coronado Global Resources Inc. (ASX: CRN) and Paladin Energy Limited (ASX: PDN)  went down by 6.636% and 4.932% respectively are the top-losing stocks.

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Top gainer for the day:

• Consumer Discretionary (Up 0.90%)
• Information Technology (Up 0.86%)

Top loser for the day:

• Utilities (Down 0.67%)
• Energy (Down 0.75%)

Other Factors influencing the market:

• Premier Investment shares rose 9.9% to $33.94, positioning it as the ASX 200’s top performer.
• Myer shares slipped 1.6% to 95¢ after an initial 7% rally earlier in the day.
• Mining companies saw gains, with Mineral Resources rising 7.2%, reducing its monthly decline to 28% amid tax-related concerns involving founder Chris Ellison.
• BlueScope shares decreased 0.5% to $21.08 after a brief 4% dip, following a lowered profit forecast attributed to cost inflation.
• Cettire shares fell 17.3% to $1.77, with the company reporting adjusted EBITDA of $2 million after a weak trading update.
• Oil prices steadied after a significant two-year low, as market attention turned to reduced Middle East hostilities and key U.S. economic data.
• The Dow rose 0.65%, S&P 500 by 0.27%, and NASDAQ by 0.27%.
• The Hang Seng index rose by 0.04%, while the FTSE 100 increased by 0.45%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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