ASX/200 Closed Higher by 1.44%, Lifted by Utilities
By the end of the trading session on 07 May 2024, the benchmark index S&P/ASX 200 ended higher by 1.44% and settled at 7,793.30. All 11 sectors closed higher along with the ASX 200.
Utilities and Consumer Discretionary sectors were the top-gaining sectors, gaining 2.82% and 1.91% respectively in their index values.
Paladin Energy Limited (ASX: PDN) and AGL Energy ELimited (ASX: AGL) are the top-gaining stocks, gaining 8.439% and 7.403% in their stock prices. On the other hand, Sims Limited (ASX: SGM) and Bapcor Limited (ASX: BAP) are the top-losing stocks and are declining by 6.351% and 3.449% in their stock prices.
AGL Energy surged by 7.4% to $10.01 following an upgrade in profit guidance for FY 2024. The company anticipates underlying EBITDA to range between $2.12 billion and $2.2 billion.
ANZ shares rebounded from earlier losses, closing 0.1% higher at $28.79. Despite a 7% drop in cash profit to $3.55 billion in the first half, the major bank managed to recover.
Sims shares plummeted by 6.4% to $11.06 after issuing a significant profit warning. According to broker RBC Capital, the ASX-listed company is expected to miss its guidance by 90%.
The Australian dollar declined to US66.10¢ from US66.25¢ after the Reserve Bank maintained the cash rate at 4.35%. However, the Bank's stance appeared less hawkish than market expectations.
Market indices closed with mixed results: The Dow rose by 0.46%, the S&P 500 increased by 1.03%, and the NASDAQ climbed by 1.19%.
Conversely, the Hang Seng declined by -0.77%, while the FTSE 100 rose by 0.51%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed Higher by 1.44%, Lifted by Utilities
By the end of the trading session on 07 May 2024, the benchmark index S&P/ASX 200 ended higher by 1.44% and settled at 7,793.30. All 11 sectors closed higher along with the ASX 200.
Utilities and Consumer Discretionary sectors were the top-gaining sectors, gaining 2.82% and 1.91% respectively in their index values.
Paladin Energy Limited (ASX: PDN) and AGL Energy ELimited (ASX: AGL) are the top-gaining stocks, gaining 8.439% and 7.403% in their stock prices. On the other hand, Sims Limited (ASX: SGM) and Bapcor Limited (ASX: BAP) are the top-losing stocks and are declining by 6.351% and 3.449% in their stock prices.
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Top gainer for the day:
Other Factors influencing the market:
AGL Energy surged by 7.4% to $10.01 following an upgrade in profit guidance for FY 2024. The company anticipates underlying EBITDA to range between $2.12 billion and $2.2 billion.
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