ASX/200 Closed Higher by 0.78%, Lifted by Industrials

By the end of the trading session on 17 December 2024, the benchmark index S&P/ASX 200 closed higher by 0.78% and settled at 8,314.00. Out of 11 sectors, 08 sectors ended higher along with the S&P/ASX 200.

Industrials and Information Technology and are the top-gaining sectors, gaining 1.34% and 1.31% in their index value. On the other hand, Energy and Utilities are the top-losing sectors, losing 1.09% and 0.20% in their index value.

Pexa Group Limited (ASX: PXA) and WestGold Resources Limited (ASX: WGX) are the top-gaining stocks, gaining 8.198% and 4.304% in their stock prices. On the other hand, Data#3 Limited (ASX: DTL) and Karoon Energy Limited (ASX: KAR) went down by 9.839% and 9.678% respectively are the top-losing stocks.

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Top gainer for the day:

• Industrials (Up 1.34%)
• Information Technology (Up 1.31%)

Top loser for the day:

• Energy (Down 1.09%)
• Utilities (Down 0.20%)

Other Factors influencing the market:

• Novonix Ltd surged 16% after securing a conditional US$755 million loan from the US Department of Energy.
• Karoon Energy Ltd shares dropped 7.7% after the junior oil and gas producer revised its production guidance downward.
• Data#3 Ltd fell 9.2% following changes to its partnership with Microsoft Australia, which will reduce incentives earned on Microsoft Enterprise Agreements.
• Shares in APA Group declined 0.8% as the Australian Energy Regulator signaled it may reject the group's proposal to convert the newly acquired Basslink electricity cable into a regulated asset.
• Westpac Banking Corp shares increased 0.8% after the company announced the upcoming retirement of CFO Michael Rowland next year.
• Oil prices slipped amid concerns about weakening demand following economic data releases from China, the world’s largest crude importer.
• On Wall Street, the Dow Jones slipped 0.25%, while the S&P 500 gained 0.38% and the NASDAQ climbed 1.24%.
• In other markets, the Hang Seng Index declined 0.16%, and the FTSE 100 dropped 0.46%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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