ASX/200 Closed Higher by 0.59%, Lifted by Information Technology

By the end of the trading session on 06 November 2024, the benchmark index S&P/ASX 200 closed higher by 0.59% and settled at 8,179.90. Out of 11 sectors, 09 sectors ended higher along with the S&P/ASX 200.

Information Technology and Financial are the top-gaining sectors, gaining 1.89% and 1.61% in their index value. On the othet hand, Energy and A-REIT are the top-losing sectors, losing 1.22% and 0.54% in their index value.

Neuran Pharmaceuticals Limited (ASX: NEU) and ZIP Co. Limited (ASX: ZIP) are the top-gaining stocks, gaining 7.742% and 5.593% in their stock prices. On the other hand, IGO Limited (ASX: IGO) and Ramelius Resources Limited (ASX: RMS)  went down by 3.452% and 2.802% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 1.89%)
• Financial (Up 1.61%)

Top loser for the day:

• Energy (Down 1.22%)
• A-REIT  (Down 0.54%)

Other Factors influencing the market:

• The Australian dollar fell by 1.5% to US65.39¢ as the U.S. dollar hit a four-month high, with early U.S. election results showing Donald Trump leading in key states.
• Goodman Group (ASX: GMG) forecasts a 9% increase in operating earnings per share for FY25 and a full-year distribution of 30¢, based on its latest operational update.
• Bitcoin surged to a new high as traders globally monitored the U.S. presidential election, where digital-asset supporter Donald Trump is up against Kamala Harris, who served as vice president during a regulatory period impacting the industry.
• Oil prices dipped slightly but retained recent gains, influenced by a close U.S. election and the approach of Hurricane Rafael, which threatens Gulf of Mexico production.
• Major U.S. indices posted gains: the Dow closed up by 1.02%, the S&P 500 rose by 1.23%, and the NASDAQ climbed 1.42%. 
• In other markets, Hong Kong's Hang Seng index increased by 2.14%, while the FTSE 100 slipped by 0.14%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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