ASX/200 Closed Higher by 0.77%, Lifted by A-REIT

By the end of the trading session on 03 June 2024, the benchmark index S&P/ASX 200 ended higher by 0.77% and settled at 7,761.00.  Out of 11 sectors, 10 sectors closed higher along with the ASX 200.

A-REIT and Financial were the top-gaining sector, gaining 1.57% and 1.43% respectively in their index values. Information Technology was the top-lossing sector, lossing 0.38% respectively in their index values. 

Strike Energy Limited (ASX: STX) and Healius Limited (ASX: HLS) are the top-gaining stocks, gaining 5.000% and 4.527% in their stock prices. On the other hand, Lovisha Holdings Limited (ASX: LOV) and Neuren Pharmacy Limited (ASX: NUE) are the top-losing stocks and are declining by 10.322% and 5.915% in their stock prices.

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Top gainer for the day:

• A-REIT (Down 1.57%)
• Financial (Down 1.25%)

Top loser for the day:

• Information Technology (Down 0.38%)

Other Factors influencing the market:

• Lovisa's stock dropped 9.1% to $30.82 following the appointment of John Cheston, the managing director of Smiggle, as the new CEO. He will replace the current CEO, Victor Herrero, in a year.
• WA developer Galileo Mining's shares increased by 14.3% to 28¢. The company is selling nearly a third of its lithium stake in the Norseman project through a joint venture with Mineral Resources, which saw a 1% rise to $72.42.
• APM Human Services' stock rose 10.4% to $1.38 on news of its impending acquisition by Chicago-based Madison Dearborn Partners for $1.45 per share.
• Oil prices fell further after OPEC+ announced plans to resume some suspended production as early as October, despite concerns about demand and strong supply from non-OPEC sources.
• The Dow Jones closed down 0.86%, the S&P 500 decreased by 0.60%, and the NASDAQ fell by 1.08%.
• The Hang Seng index rose by 2.07%, and the FTSE 100 increased by 1.63% today.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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