ASX/200 Closed Higher by 0.36%, Lifted by Consumer Discretionary

By the end of the trading session on 24 January 2025, the benchmark index S&P/ASX 200 closed higher by 0.36% and settled at 8,408.90. Out of 11 sectors, 09 sectors ended higher along with the S&P/ASX 200.

Consumer Discretionary and Healthcare are the top-gaining sectors, gaining 2.12% and 0.73% in their index value. On the other hand, Energy and Information Technology  are the top losing sectors, losing 1.16% and 0.34% in their index value.

Premier Investments Limited  (ASX: PMV) and Mondadelphous Group Limited (ASX: MND) are the top-gaining stocks, gaining 6.592% and 5.832% in their stock prices. On the other hand, Coronado Global Resources Inc.  (ASX: CRN) and Regis Resources Limited (ASX: RRL) went down by 6.338% and 6.231% respectively are the top-losing stocks.

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Top gainer for the day:

• Consumer Discretionary (Up 2.12%)
• Healthcare (Up 0.73%)

Top loser for the day:

• Energy (Down 1.16%)
• Information Technology (Down 0.34%)

Other Factors influencing the market:

• Monadelphous Group Limited (ASX: MND): Shares surged 5.8% to $14.88 after the company projected its interim net profit would exceed market expectations.
• Kogan.com Limited (ASX: KGN): Stock plummeted 15.2% to $5.07 despite reporting a 9.9% revenue growth in the first half of FY25.
• 4DMedical Limited (ASX: 4DX): Shares rose 6.2% to 60¢ following a partnership with Qscan Radiology Clinics to supply proprietary products.
• Synlait Milk Limited (NZX: SML): Shares soared 23.9% to 44¢ after the company revised its second-half guidance upward and projected a return to profitability in FY25.
• Australian Dollar: Climbed to a five-week high after former US President Donald Trump expressed his intent to avoid imposing tariffs on China.
• Oil Prices: Declined for the first time this year as Trump raised concerns over trade wars and sought lower oil prices from Saudi Arabia and OPEC.
• US Markets: Closed positively with the Dow Jones up 1.24%, the S&P 500 gaining 0.88%, and the NASDAQ rising by 0.64%.
• Global Indices: Hang Seng advanced 2.08%, while the FTSE 100 increased by 0.23%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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