ASX/200 Closed Higher by 0.73%, Lifted by A-REIT

By the end of the trading session on 17 July 2024, the benchmark index S&P/ASX 200 ended Higher by 0.73% and settled at 8057.90. All 11 sectors ended higher along with the S&P/ASX 200.

A-REIT and Information Technology are the top-gaining sectors, gaining 1.49% and 1.24% in their index value.

Polynovo Limited (ASX: PNV) and James Hardie Industries Plc (ASX: JHX) are the top-gaining stocks, gaining 9.282% and 6.304% in their stock prices. On the other hand, Deep Yellow Limited (ASX: DYL) and Nanosonics Limited (ASX: NAN) went down by 3.509% and 2.795% respectively are the top-losing stocks.

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Top gainer for the day:

• A-REIT (Up 1.49%)
• Information Technology (Up 1.24%)

Other Factors influencing the market:

• The Australian sharemarket set a new record on Wednesday thanks to a strong rebound in real estate equities and interest rate-sensitive technology.
• The All Ordinaries saw a 0.7% increase as investors followed the lead of the rising US stock market.
• According to IG analyst Tony Sycamore, "the timing and speed of the move have likely caught some investors off guard." "We anticipate strong support for the ASX 200 during declines between 8000 and 7900 points."
• The information technology industry had increases as well, rising 1.2%. Life360 firmed 1.8% to AU$17.01 while WiseTech rose 3.3% to AU$99.69.
• The big banks all concluded with gains, with Commonwealth Bank, the index heavyweight, rising 0.8% to AU$133.50. Westpac gained 1% to AU$28.48, ANZ increased 0.6% to AU$29.97, and National Australia Bank increased 1% to AU$37.77.
• Star Entertainment increased by 2% to fifty-five cents. After shutting them down because of problems with system performance, the casino operator turned on all of its electronic gambling machines and tables once more.
• Even though BHP hit its 2024 output guidance for all commodities, shares fell 0.9% to AU$42.70. Over the previous year, the mining behemoth sold unprecedented amounts of local iron ore.
• After shares first surged upon confirmation that gross revenue for the 12 months ended June 30 will fall between AU$975 million and AU$980 million, online luxury retailer Cettire saw a 4% decline to AU$1.44.
• Oil prices gained in the previous session, with global benchmark Brent hovering near the one-month low it hit in the prior session, as signs of weakening demand growth in China clashed with the prospect of declining U.S. oil stockpiles.
• The Dow has closed up by 1.85%, the S&P 500 closed up by 0.64%, and the NASDAQ ended higher by 0.21%.
• Hang Seng is up by 0.01%, and FTSE 100 is down by 0.22%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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