ASX/200 Closed Higher by 0.45%, Lifted by Healthcare

By the end of the trading session on 28 November 2024, the benchmark index S&P/ASX 200 closed higher by 0.45% and settled at 8,444.30. Out of 11 sectors, 06 sectors ended higher along with the S&P/ASX 200.

Healthcare and Financial are the top-gaining sectors, gaining 1.61% and 0.80% in their index value. On the other hand, Energy and Industrials are the top-losing sectors, losing 0.32% and 0.28% in their index value.

Pro Medicus Limited (ASX: PME) and Zip Co Limited (ASX: ZIP) are the top-gaining stocks, gaining 8.655% and 3.681% in their stock prices. On the other hand, The Star Enteratinment Limited (ASX: SGR) and Pladin  Limited (ASX: PDN) went down by 7.143% and 5.019% respectively are the top-losing stocks.

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Top gainer for the day:

• Healthcare (Up 1.61%)
• Financial (Up 0.80%)

Top loser for the day:

• Energy (Down 0.32%)
• Industrials (Down 0.28%)

Other Factors influencing the market:

• IAG's acquisition announcement: IAG revealed plans to acquire the insurance underwriting arm of Queensland's RACQ for $855 million, boosting its shares by 3.6% to $8.47.
• Fisher & Paykel Healthcare falls short of expectations: Despite reporting higher profits and revenue for the six months ending September, the company missed market forecasts, leading to a 2.1% drop in its share price to $33.85.
• Star Entertainment hits record low: The casino operator's shares plunged 7.1% to 19.5¢, a historic low, following a $27 million earnings loss reported for the first four months of the financial year. Investors also issued a remuneration strike at the company's annual general meeting.
• Dexus divests properties: Dexus sold two office buildings for a total of $443.2 million, securing net proceeds of $336.3 million and lifting its share price by 2.9% to $7.19.
• Oil prices steady ahead of OPEC+ meeting: Crude oil prices remained largely unchanged in thin trading ahead of the US Thanksgiving holiday, with market focus shifting to the upcoming OPEC+ meeting.
• Global stock markets showed mixed performance, with the Dow Jones down 0.31%, the S&P 500 losing 0.38%, and the NASDAQ declining 0.60%. 
• Meanwhile, the Hang Seng dropped 1.10%, while the FTSE 100 gained 0.20%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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