ASX/200 Closed Higher by 1.06%, Dragged down by Consumer Discretionary
By the end of the trading session on 09 May 2024, the benchmark index S&P/ASX 200 ended lower by 1.06% and settled at 7,721.60. Out of 11 sectors, 08 sectors closed lower along with the ASX 200.
Energy and Utilities sectors were the top-gaining sectors, gaining 0.56% and 0.30% respectively in their index values. On the other hand, Consumer Discretionary and Financial sectors were the top-lossing sectors, lossing 2.56% and 1.71% respectively in their index values.
Strike Energy Limited (ASX: STX) and Liontown Resources Limited (ASX: LTR) are the top-gaining stocks, gaining 6.818% and 5.263% in their stock prices. On the other hand, Smartgroup Corporation Limited (ASX: SIQ) and Coronado Global Resources Inc. (ASX: CRN) are the top-losing stocks and are declining by 6.065% and 5.580% in their stock prices.
Super Retail Group, the company operating Rebel Sports, Supercheap Auto, and Boating, Camping, Fishing, experienced a 5.5% drop in its sales update for the March quarter.
Baby Bunting shares plummeted by 23.4% to $1.46 per share after revising its pro forma profit guidance for fiscal 2024 to a range of $2 million to $4 million.
The Australian Bureau of Statistics noted a decline in retail sales for the fifth time in six quarters during the March quarter, prompting investors to sell off household goods retailers on Thursday.
Wall Street saw little movement, with the S&P 500 closing flat. Meanwhile, the Australian dollar depreciated by 0.1% to $US65.7¢ by the end of trading.
In the US, the Dow Jones Industrial Average concluded the day with a 0.44% increase, while the NASDAQ experienced a 0.18% decline.
The Hang Seng Index in Hong Kong rose by 1.12%, and the FTSE 100 Index in London increased by 0.49% on the same day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX/200 Closed Higher by 1.06%, Dragged down by Consumer Discretionary
By the end of the trading session on 09 May 2024, the benchmark index S&P/ASX 200 ended lower by 1.06% and settled at 7,721.60. Out of 11 sectors, 08 sectors closed lower along with the ASX 200.
Energy and Utilities sectors were the top-gaining sectors, gaining 0.56% and 0.30% respectively in their index values. On the other hand, Consumer Discretionary and Financial sectors were the top-lossing sectors, lossing 2.56% and 1.71% respectively in their index values.
Strike Energy Limited (ASX: STX) and Liontown Resources Limited (ASX: LTR) are the top-gaining stocks, gaining 6.818% and 5.263% in their stock prices. On the other hand, Smartgroup Corporation Limited (ASX: SIQ) and Coronado Global Resources Inc. (ASX: CRN) are the top-losing stocks and are declining by 6.065% and 5.580% in their stock prices.
Copyright © 2022 Kapitales Research
Top gainer for the day:
Top loser for the day:
Other Factors influencing the market:
Super Retail Group, the company operating Rebel Sports, Supercheap Auto, and Boating, Camping, Fishing, experienced a 5.5% drop in its sales update for the March quarter.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au