ASX/200 Closed Higher by 0.40%, Lifted by Materials

By the end of the trading session on 14 October 2024, the benchmark index S&P/ASX 200 closed higher by 0.47% and settled at 8,252.80. Out of 11 sectors, 03 sectors ended higher along with the S&P/ASX 200.

Materials and Healthcare are the top- gaining sectors, gaining 1.30% and 0.89% in their index value. Whereas, Energy and Information Technology are the top-losing sectors, losing 1.26% and 0.57% in their index value.

Regis Resources Limited (ASX: RRL) and Bellevue Gold Limited (ASX: BGL) are the top-gaining stocks, gaining 6.018% and 4.411% in their stock prices. On the other hand, Web Travel Group Limited  (ASX: WEB) and Tabcorp Holdings Limited (ASX: TAH) went down by 35.562% and 5.051% respectively are the top-losing stocks.

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Top gainer for the day:

• Materials (Up 1.30%)
• Healthcare (Up 0.89%)

Top loser for the day:

• Energy (Down 1.26%)
• Information Technology (Down 0.57%)

Other Factors influencing the market:

• TPG Telecom has agreed to sell its fibre network to Vocus Group, owned by Macquarie and Aware Super, for a total of up to $5.25 billion. Following this announcement, shares fell by 4.1% to $4.88.
• Web Travel Group, recently established from a demerger of Webjet, experienced a 35.6% drop in shares, falling to $4.53 after releasing a disappointing results update.
• James Kelly, managing director and co-founder of Lifestyle Communities, will resign from the retirement village operator at the end of the year, causing shares to decline by 2.6% to $9.15.
• Data provider Appen has successfully closed a $50 million capital raise, issuing shares at $1.92 each, which is an 11.5% discount compared to the most recent closing price.
• Iron ore prices have rebounded from earlier losses, showing gains as the trading day in Australia approaches its conclusion.
• Oil prices declined following China’s much-anticipated Finance Ministry briefing on Saturday, which failed to introduce new incentives aimed at boosting consumption in the world's largest importer. This decline also occurs amid ongoing tensions related to potential Israeli strikes on Iran.
• In the U.S. markets, the Dow closed up by 0.97%, the S&P 500 rose by 0.61%, and the NASDAQ ended higher by 0.33%.
• The Hang Seng index saw an increase of 2.98%, while the FTSE 100 gained 0.19%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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