ASX/200 Closed Higher by 0.57%, Lifted by Consumer Discretionary

By the end of the trading session on 27 November 2024, the benchmark index S&P/ASX 200 closed higher by 0.57% and settled at 8,406.70. Out of 11 sectors, 10 sectors ended lower along with the S&P/ASX 200.

Consumer Discretionary and A-REIT are the top-gaining sectors, gaining 0.93% and 0.87% in their index value. On the other hand, Healthcare is the top-losing sectors, losing 0.05% in their index value.

Web Travel Group Limited (ASX: WEB) and Life360 Limited (ASX: 360) are the top-gaining stocks, gaining 13.475% and 6.236% in their stock prices. On the other hand, Pinnacle Investment Management Group Limited (ASX: PNI) and Graincorp Limited (ASX: GNC) went down by 5.082% and 3.995% respectively are the top-losing stocks.

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Top gainer for the day:

• Consumer Discretionary (Up 0.93%)
• A-REIT (Up 0.87%)

Top loser for the day:

• Healthcare (Down 0.05%)

Other Factors influencing the market:

• Web Travel shares surged by over 12% following a report of an underlying net profit of $52.5 million for the six months ending September 30. This comes less than two months after the company rebranded from WebJet and spun off its consumer businesses into a separate listed entity. 
• Lynas shares rose by 1.1%, even as the company cautioned that the stabilisation of rare earth prices depends heavily on the Chinese economy. This warning was issued during the miner's annual general meeting.
• HMC Capital saw a 2.9% increase in its share price after its trading update projected pre-tax operating earnings of 70¢ per share, marking an 89% growth compared to its record FY24 performance.
• The Australian dollar hit a four-month low after U.S. President-elect Donald Trump announced plans for significant tariffs on Canada, Mexico, and China, boosting the U.S. dollar.
• Bitcoin recorded its longest streak of losses since Donald Trump’s election win, with prices dropping due to a failed attempt to reach $100,000. The decline has dampened the speculative momentum fueled by the president-elect's favorable stance on cryptocurrencies.
• On the stock indices front, the Dow Jones rose by 0.28%, the S&P 500 gained 0.57%, and the NASDAQ increased by 0.63%. 
• Meanwhile, Hong Kong's Hang Seng climbed 0.53%, but the FTSE 100 slipped by 0.40%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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