ASX/200 Closed Higher by 1.67%, Lifted by Financial

By the end of the trading session on 23 December 2024, the benchmark index S&P/ASX 200 closed higher by 1.67% and settled at 8,201.60. All 11 sectors ended higher along with the S&P/ASX 200.

Financial and Consumer Discretionary  are the top-gaining sectors, gaining 2.38% and 2.30% in their index value.

Deep Yellow Limited (ASX: DYL) and Polynovo Limited (ASX: PNV) are the top-gaining stocks, gaining 6.976% and 5.641% in their stock prices. On the other hand, Clarity Pharmaceuticals Limited (ASX: CU6) and Arcadium Lithium Limited (ASX: LTM) went down by 7.253% and 1.531% respectively are the top-losing stocks.

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Top gainer for the day:

• Financial (Up 2.38%)
• Consumer Discretionary  (Up 2.30%)

Other Factors influencing the market:

• Pro Medicus Gains: Pro Medicus Limited (ASX: PME) rose 2.7% after announcing a seven-year, $30 million agreement with U.S.-based Duly Health and Care. Year-to-date, the stock has surged over 160%.
• EML Payments Declines: EML Payments Limited (ASX: EML) dropped 22% to 70¢ after the board terminated CEO Ron Hynes, citing the need for alternative leadership to execute its "EML 2.0" strategy.
• IGO Recovers Despite Dividend Concerns: Lithium and nickel miner IGO Limited (ASX: IGO) closed up 2.1%, rebounding from early losses due to slow sales from its Western Australian refinery. It warned of no expected dividend from Kwinana’s owner, Tianqi Lithium Energy Australia, in 2025.
• News Corp Surges on Foxtel Deal: News Corporation (ASX: NWS) gained 3.3% to $50.66 after agreeing to sell Foxtel to DAZN Group for an enterprise value of $3.4 billion.
• Oil Prices Steady: Oil prices remained relatively unchanged, balancing Chinese demand concerns and expectations of U.S. interest rate cuts following cooling inflation data.
• Dow Jones closed up 1.18%, S&P 500 rose 1.09%, and NASDAQ increased by 1.03%.
• Hang Seng dropped 0.16%, while FTSE 100 fell 0.26%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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