ASX/200 Closed Higher by 0.56%, Lifted by Information Technology

By the end of the trading session on 04 November 2024, the benchmark index S&P/ASX 200 closed lower by 0.56% and settled at 8,164.60. Out of the 11 sectors, 09 sectors ended lower along with the S&P/ASX 200.

Information Technology and Utilities are the top-gaining sector, gaining 1.71% and 1.70% in their index value. On the other hand, Energy and Materials are the top-losing sectors, losing 0.71% and 0.46% in their index value.

Telix Pharmaceuticals Limited (ASX: TLX) and Westgold Resources Limited (ASX: WSX) are the top-gaining stocks, gaining 3.496% and 3.225% in their stock prices. On the other hand, Mineral Resources Limited (ASX: MIN) and Boss Energy Limited (ASX: BOE)  went down by 9.629% and 7.559% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 1.71%)
• Utilities (Up 1.70%)

Top loser for the day:

• Energy (Down 0.71%)
• Materials (Down 0.46%)

Other Factors influencing the market:

• Westpac rose 0.9% to $32.40 after reporting an FY2024 net profit of $7 billion, marking a slight decrease from the previous year.
• Telix Pharmaceuticals, a leader in cancer diagnostics, surged 3.5% to $22.20 on renewed optimism tied to a new U.S. Medicare Fee Schedule rule.
• Mineral Resources announced that Managing Director Chris Ellison will step down within 18 months after the board determined he had misused company resources for personal benefit and had not upheld company integrity standards.
• Santos maintained its guidance following the sale of its 2.6% stake in Papua New Guinea LNG to Kumul Petroleum for $US241 million ($366 million), bringing the total cash deal to $US602 million.
• Oil prices jumped more than 1% in early trading today after OPEC+ announced a one-month delay in its planned December production increase.
• U.S. markets closed higher: the Dow rose 0.69%, the S&P 500 gained 0.41%, and the NASDAQ increased by 0.80%.
• The Hang Seng Index climbed 0.93%, while the FTSE 100 rose 0.83%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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