ASX/200 Closed Higher by 0.85%, Lifted by Energy

By the end of the trading session on 22 November 2024, the benchmark index S&P/ASX 200 closed higher by 0.85% and settled at 8,393.80. Out of 11 sectors, 10 sectors ended higher along with the S&P/ASX 200.

Energy and Utilities are the top-gaining sectors, gaining 2.30% and 1.44% in their index value. On the other the hand, Information Technology is the top-losing sectors, losing 4.45% in their index value.

The A2 Milk Company Limited (ASX: A2M) and Deep Yellow Limited (ASX: DYL) are the top-gaining stocks, gaining 13.305% and 6.302% in their stock prices. On the other hand, Wisetech Global Limited (ASX: WTC) and Megaport Limited (ASX: MP1) went down by 12.374% and 9.450% respectively are the top-losing stocks.

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Top gainer for the day:

• Energy (Up 2.30%)
• Utilities (Up 1.44%)

Top loser for the day:

• Information Technology (Down 4.45%)

Other Factors influencing the market:

• WiseTech Global Limited (ASX: WTC) plunged 12.4% to $121.74 at the time of writing after downgrading its FY25 revenue and earnings forecasts during its AGM.

• Energy stocks outperformed as geopolitical tensions between Russia and Ukraine escalated.
• Gold prices rallied amid rising geopolitical tensions, boosting Newmont Corporation’s local securities by 1.4% to $66.68. Newmont is the world’s largest gold producer and recently acquired Australia's Newcrest Mining.
• The a2 Milk Company Limited (ASX: A2M) was the top gainer, jumping 13.3% to $5.45 after upgrading its revenue forecast and announcing its first dividend program, supported by strong product sales and higher global dairy prices.
• Megaport Limited (ASX: MP1) was the second-biggest decliner, despite reaffirming its FY25 earnings outlook.
• The Dow Jones Industrial Average rose 1.06%, the S&P 500 climbed 0.53%, and the NASDAQ edged up 0.04%.
• The Hang Seng Index dropped 0.53%, while the FTSE 100 gained 0.79%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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