ASX/200 Closed Higher by 0.58%, Lifted by Industrials

By the end of the trading session on 30 August 2024, the benchmark index S&P/ASX 200 closed higher by 0.58% and settled at 8,091.90. Out of 11 Sectors, 08 sectors ended higher along with the S&P/ASX 200.

Industrials and Energy are the top-gaining sectors, gaining 1.65% and 1.27% in their index value. Consumer Discretionary and Healthcare are the top-losing sectors, losing 0.46% and 0.10% in their index value.

Downer EDI Limited (ASX: DOW) and Karoon Energy Limited (ASX: KAR) are the top-gaining stocks, gaining 16.945% and 9.841% in their stock prices. On the other hand, Ramsay Healthcare Limited (ASX: RHC) and Harvey Norman Holdings Limited (ASX: HVN) went down by 6.755% and 6.340% respectively are the top-losing stocks.

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Top gainer for the day:

• Industrials (Up 1.65%)
• Energy (Up 1.27%)

Top loser for the day:

• Consumer Discretionary (Down 0.46%)
• Healthcare (Down 0.10%)

Other Factors influencing the market:

• Ramsay Health Care shares fell by 6.8% to $41.55 after the private hospital operator indicated slower patient growth for the year and warned that cost inflation is hampering margin recovery.
• TPG Telecom announced plans to cut jobs in response to ongoing inflation pressures, following a 40% drop in interim net profit to $29 million. The company's shares rose by 8.3% to $4.96.
• Harvey Norman, an electronics and furniture retailer, saw its shares decline by 6.3% to $4.58 after reporting a 35% decrease in net profit to $352.5 million for 2023-24. Despite this, the company maintained its final dividend at 12¢ per share.
• Appen shares plunged 17.7% to $1 after the data-processing company’s group operating revenue dropped 18.4% to $113.4 million in the half-year, following the termination of a contract by Google.
• Oil prices stabilized after a surge on Thursday due to positive US economic data and escalating supply disruptions in Libya.
• The Dow Jones closed down by 0.59%, the S&P 500 remained flat, and the NASDAQ ended slightly lower by 0.23%.
• The Hang Seng index is up by 1.81%, while the FTSE 100 has increased by 0.43% today.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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