ASX/200 Closed Higher by 0.56%, Lifted by Healthcare

By the end of the trading session on 03 December 2024, the benchmark index S&P/ASX 200 closed higher by 0.56% and settled at 8,495.20. Out of 11 sectors, 09 sectors ended higher along with the S&P/ASX 200.

Healthcare and Consumer Discretionary are the top-gaining sectors, gaining 1.15% and 1.05% in their index value. On the other hand, Utilities and Materials are the top-losing sectors, losing 0.51% and 0.05% in their index value.

Metcash Limited (ASX: MTS) and The Star Entertainment Group Limited (ASX: SGR) are the top-gaining stocks, gaining 7.523% and 7.142% in their stock prices. On the other hand, Collins Foods Limited (ASX: CKF) and Web Travel Group Limited (ASX: WEB) went down by 4.293% and 4.167% respectively are the top-losing stocks.

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Top gainer for the day:

• Healthcare (Up 1.15%)
• Consumer Discretionary (Up 1.05%)

Top loser for the day:

• Utilities (Down 0.51%)
• Materials (Down 0.05%)

Other Factors influencing the market:

• Collins Foods: Shares of the KFC and Taco Bell operator fell sharply after the company revised its FY25 earnings guidance and dividend downward, citing inflationary pressures and a tough consumer environment.
• Woolworths: The supermarket chain dipped 0.4% to $30.21 as two weeks of industrial action over pay cuts wiped $50 million from food sales, hampering its ability to restock shelves.
• Zip Co.: The buy-now, pay-later provider declined 0.6% to $3.41 following the announcement that co-founder Larry Diamond would step back to focus on philanthropy.
• Steadfast Group: The insurance broker rose 2.7% to $6.03 after an internal review revealed no evidence of improper incentives or compliance breaches.
• Commonwealth Bank Warning: Higher tariffs threatened by US President-elect Donald Trump could drive the US dollar higher, potentially pushing the Australian dollar below US60¢.
• China's Yuan: The Chinese currency weakened to its lowest level in over a year, influenced by the US-China yield gap and renewed tariff threats from Trump.
• The Dow dropped 0.29%, the S&P 500 gained 0.24%, and the NASDAQ advanced 0.96%.
• Asian and European Markets: Hang Seng rose 0.65%, and FTSE 100 climbed 0.31%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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