ASX/200 Closed Higher by 0.43%, Lifted by Materials

By the end of the trading session on 10 October 2024, the benchmark index S&P/ASX 200 closed higher by 0.43% and settled at 8,223.00. Out of 11 sectors, 06 sectors ended higher along with the S&P/ASX 200.

Materials and Energy are the top- gaining sectors, gaining 1.62% and 0.98% in their index value. Whereas, Utilities and Healthcare are the top-losing sectors, losing 0.86% and 0.28% in their index value.

Arcadium Lithium Limited (ASX: LTM) and Mineral Resources Limited (ASX: MIN) are the top-gaining stocks, gaining 38.747% and 6.758% in their stock prices. On the other hand, Fletcher Building Limited  (ASX: FBU) and Ansell Limited (ASX: ANN) went down by 2.431% and 2.198% respectively are the top-losing stocks.

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Top gainer for the day:

• Materials (Up 1.62%)
• Energy (Up 0.98%)

Top loser for the day:

• Utilities (Down 0.86%)
• Healthcare (Down 0.28%)

Other Factors influencing the market:

• ARB Corporation: The auto parts manufacturer saw a 2.4% increase in shares as it nears the completion of its acquisition of US-based 4 Wheel Parts.
• Netwealth: The financial services provider experienced a 2.4% rise in stock value after reporting a record increase in funds under administration for the September quarter, driven by new investments and favorable market conditions.
• Guzman y Gomez: The Mexican food chain's stock declined by 1.6% despite announcing a 21% increase in sales for the September quarter and reaffirming its guidance for fiscal 2025.
• Synlait Milk: The New Zealand dairy company’s stock remained stable as it raised its forecast base milk price for the 2024/2025 season to NZ$9.00 ($8.10) per kg of milk solids due to increased demand.
• Oil Prices: Oil prices rebounded in early trading on Thursday in anticipation of potential supply disruptions as Hurricane Milton approaches Florida.
• Market Close: The Dow rose by 1.03%, the S&P 500 increased by 0.71%, and the NASDAQ climbed 0.60%.
• Meanwhile, the Hang Seng fell by 1.38%, and the FTSE 100 gained 0.65%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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