ASX/200 Closed Higher by 0.35%, Lifted by A-REIT

By the end of the trading session on 30 April 2024, the benchmark index S&P/ASX 200 ended higher by 0.35% and settled at 7,664.10. Out of 11 sectors, 09 sectors closed higher along with the ASX 200.

A-REIT and Consumer Discretionary sectors were the top-gaining sectors, gaining 0.85% and 0.79% respectively in their index values. On the other hand, Industrials and Utilities sectors were the top-lossing sectors, lossing 0.53% and 0.12% respectively in their index values.

Arcadium Lithium Limited (ASX: LTM) and IGO Limited (ASX: IGO) are the top-gaining stocks, gaining 8.387% and 7.327% in their stock prices. On the other hand, Worley Limited (ASX: WOR) and Megaport Limited (ASX: MP1) are the top-losing stocks and are declining by 7.481% and 4.256% in their stock prices.

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Top gainer for the day:

• A-REIT (Up 0.85%)
• Consumer Discretionary (Up 0.79%)

Top loser for the day:

• Industrials (Down 0.53%)
• Utilities (Down 0.12%)

Other Factors influencing the market:

• Coles, a leading supermarket chain, experienced a marginal decline of 0.3% in its stock price, closing at $16.22 amidst volatile trading sessions, following the announcement of its third-quarter total group sales revenue reaching $10.03 billion.

• Anticipations of the Reserve Bank of Australia raising the cash rate to 4.6% this year were slightly tempered by a surprising downturn in retail sales during March, attributed to the impact of elevated interest rates on household budgets.
• Worley, buoyed by its expanding presence in sustainability initiatives, is viewed optimistically by RBC, which anticipates an uplift in earnings and margins due to the company's growing market share in such projects.
• Origin Energy reported an 8% decrease in revenue derived from its Australia Pacific LNG venture, attributed to a decline in global prices for oil and gas commodities.
• In the financial markets, the Dow concluded the session with a gain of 0.40%, while the S&P 500 surged by 1.02%, and the NASDAQ recorded a notable increase of 2.03%.
• On the international front, the Hang Seng index edged up by 0.08%, and the FTSE 100 experienced a modest rise of 0.09% during the current trading day.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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