ASX/200 Closed Higher by 0.41%, Lifted by Telecommunications Services

By the end of the trading session on 05 June 2024, the benchmark index S&P/ASX 200 ended higher by 0.41% and settled at 7,769.00.  Out of 11 sectors, 08 sectors closed higher along with the ASX 200.

Telecommunications Sector and Healthcare were the top-gaining sector, gaining 2.01% and 1.69% respectively in their index values. Materials and Energy was the top-lossing sector, lossing 1.11% and 0.91% respectively in their index values. 

Treasury Wine Estates Limited (ASX: TWE) and Seek Limited (ASX: SEK) are the top-gaining stocks, gaining 5.267% and 4.850% in their stock prices. On the other hand, Liontown Resources Limited (ASX: LTR) and Sandfire Resources Limited (ASX: SFR) are the top-losing stocks and are declining by 5.837% and 5.645% in their stock prices.

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Top gainer for the day:

• Telecommunications Services (Up 2.01%)
• Healthcare (Up 1.69%)

Top loser for the day:

• Materials (Down 1.11%)
• Energy (Down 0.91%)

Other Factors influencing the market:

• Sandfire Resources dropped 6.1% to AU$8.82 after an independent report criticized previous management for neglecting ESG obligations related to an Indigenous site disturbance.
• Treasury Wine Estates surged 5.3% to AU$11.99 after the company reaffirmed its forecasts ahead of an investor day in the US.
• Immutep fell 8.9% to 41¢ following a recent capital raise. The company raised AU$100.2 million at 38¢ per share.
• Oil prices fell to four-month lows in the previous session, as OPEC+ signaled it will begin tapering off its production cuts this year just as demand worries intensified following weak data from major oil consumer China.
• The Dow has closed up by 0.36%, the S&P 500 closed up by 0.15%, and the NASDAQ ended higher by 0.15%.
• Hang Seng is up by 0.11%, and FTSE 100 is down by 0.37%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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