ASX/200 Closed Higher by 0.40%, Lifted by Information Technology

By the end of the trading session on 05 September 2024, the benchmark index S&P/ASX 200 closed higher by 0.40% and settled at 7,982.40. Out of 11 sectors, 07 sectors ended higher along with the S&P/ASX 200.

Information Technology and A-REIT are the top- gaining sectors, gaining 2.31% and 1.70% in their index value. On the other hand, Energy and Utilities are the top-losing sectors, losing 3.91% and 1.71% in their index value.

NextDC Limited (ASX: NXT) and Red 5 Limited (ASX: RED) are the top-gaining stocks, gaining 8.214% and 6.896% in their stock prices. On the other hand, Coronado Global Limited (ASX: CRN) and Challenger Limited (ASX: CGF) went down by 16.439% and 11.000% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 2.31%)
• A-REIT (Up 1.70%)

Top loser for the day:

• Energy (Down 3.91%)
• Utilities (Down 1.71%)

Other Factors influencing the market:

• NextDC surged by 8.4%, closing at $17.42, after receiving a query from the exchange operator regarding the stock rally.
• Woodside Energy was the biggest drag on the index, falling 6.2% to $25.35 due to a downgrade to "sell" by Citi analysts and the stock going ex-dividend.
• Coronado Global Resources reported that heavy rainfall at its Bowen Basin coal mine in Central Queensland impacted production, prompting the company to lower its prior guidance.
• Star Entertainment remains suspended as the casino operator continues discussions with its lenders, with no agreement yet in sight.
• TPG Telecom will expand its mobile services to more customers across Australia after the competition regulator approved network sharing with Optus in regional areas.
• Oil prices steadied near their lowest levels since December after an industry report revealed a large draw in US crude stockpiles, pausing a sharp sell-off earlier in the week.
• The Dow Jones ended the session with a slight gain of 0.09%, while the S&P 500 slipped by 0.16%, and the NASDAQ dropped 0.30%.
• Global Markets: The Hang Seng fell by 0.59%, while the FTSE 100 declined by 0.35%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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