ASX/200 Closed Higher by 0.83%, Lifted by Financial

By the end of the trading session on 15 October 2024, the benchmark index S&P/ASX 200 closed higher by 0.83% and settled at 8,321.10. Out of 11 sectors, 08 sectors ended higher along with the S&P/ASX 200.

Financial and Information Technology are the top- gaining sectors, gaining 1.34% and 1.06% in their index value. Whereas, Energy and Consumer Staples are the top-losing sectors, losing 1.08% and 0.15% in their index value.

Healius Limited (ASX: HLS) and Johns Lyng Group Limited (ASX: JLG) are the top-gaining stocks, gaining 7.246% and 5.324% in their stock prices. On the other hand, Web Travel Group Limited  (ASX: WEB) and Tabcorp Holdings Limited (ASX: TAH) went down by 6.694% and 3.174% respectively are the top-losing stocks.

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Top gainer for the day:

• Materials (Up 1.30%)
• Healthcare (Up 0.89%)

Top loser for the day:

• Energy (Down 1.26%)
• Information Technology (Down 0.57%)

Other Factors influencing the market:

• Hub24 Limited (ASX: HUB): The investment platform surged by 2.7% to $65.10 after announcing record quarterly net inflows of $4 billion, as per its latest trading update.
• Ampol Limited (ASX: ALD): Shares fell by 2.3% to $28.46, despite the company unveiling a $50 million cost-cutting initiative set for implementation in 2025, along with plans to enhance productivity and streamline its operations.
• IDP Education Limited (ASX: IEL): The company experienced a decline of 7.4%, trading at $13.69, following an unfavorable forecast presented at its annual general meeting, marking it as the worst-performing stock on the ASX 200.
• According to E&P Financial, these stocks are poised for a rebound, as investors encounter a limited selection of miners after Rio Tinto’s $9.9 billion acquisition of Arcadium.
• September saw steel exports from China reach their highest levels since 2016, potentially escalating trade tensions as the leading producer increases global supply.
• Oil prices fell for a third consecutive session after reports suggested Israel might refrain from targeting Iran's crude infrastructure, alleviating fears of significant supply disruptions.
• The Dow Jones closed up by 0.47%, the S&P 500 rose by 0.77%, and the NASDAQ increased by 0.87%.
• The Hang Seng Index declined by 0.75%, while the FTSE 100 gained 0.47%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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