ASX/200 Closed Higher by 0.96%, Lifted by Healthcare

By the end of the trading session on 31 May 2024, the benchmark index S&P/ASX 200 ended higher by 0.96% and settled at 7,701.70.  Out of 11 sectors, 10 sectors closed higher along with the ASX 200.

Healthcare and Consumer Staples were the top-gaining sector, gaining 1.86% and 1.25% respectively in their index values. A-REIT was the top-lossing sector, lossing 0.06% respectively in their index values. 

Telix Pharmaceauticals Limited (ASX: TLX) and West African Resources Limited (ASX: WAF) are the top-gaining stocks, gaining 15.311% and 6.993% in their stock prices. On the other hand, Megaport Limited (ASX: MP1) and The Star Entertainment Limited (ASX: SGR) are the top-losing stocks and are declining by 3.419% and 2.174% in their stock prices.

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Top gainer for the day:

• Healthcare (Down 1.86%)
• Consumer Staples (Down 1.25%)

Top loser for the day:

• A-REIT (Down 0.06%)

Other Factors influencing the market:

• Treasury Wine Estates rose 2.8% to $11.33, Bega Cheese surged 6.2% to $4.46, and Woolworths increased 2% to $31.60.
• Telix Pharmaceuticals jumped 15.3% to $18.15 following a positive note from broker Wilsons and favorable clinical trial results.
• Guzman y Gomez announced plans to list on the ASX in June, targeting an enterprise valuation of 32.5 times its forecasted 2025 EBITDA of $59.9 million.
• Bond traders are adjusting interest rate expectations after Australian inflation rose to 3.6% year-on-year in April.
• The Dow closed down 0.86%, the S&P 500 fell 0.60%, and the NASDAQ dropped 1.08%.
• The Hang Seng index decreased by 0.02%, while the FTSE 100 increased by 0.59%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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