ASX/200 Closed Lower by 0.06%, Dragged down by Consumer Discretionary

By the end of the trading session on 18 December 2024, the benchmark index S&P/ASX 200 closed lower by 0.06% and settled at 8,309.40. Out of 11 sectors, 04 sectors ended lower along with the S&P/ASX 200.

Industrials and Healthcare and are the top-gaining sectors, gaining 0.77% and 0.58% in their index value. On the other hand, Consumer Discretionary and Financial are the top-losing sectors, losing 0.40% and 0.40% in their index value.

Zip Co Limited (ASX: ZIP) and Megaport Limited (ASX: MP1) are the top-gaining stocks, gaining 7.216% and 5.845% in their stock prices. On the other hand, Credit Corp Group Limited (ASX: CCP) and Coronado Global Resources Inc. (ASX: CRN) went down by 7.894% and 4.295% respectively are the top-losing stocks.

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Top gainer for the day:

• Industrials (Up 0.77%)
• Healthcare (Up 0.58%)

Top loser for the day:

• Consumer Discretionary (Down 0.40%)
• Financial (Down 0.40%)

Other Factors influencing the market:

• Shares in Omni Bridgeway Ltd surged over 50% during the session, closing at $1.45—an impressive 50.3% gain—following the announcement of a portfolio asset sale to private equity firm Ares Management.
• Clarity Pharmaceuticals Ltd ended the day up 12%, closing at $5.17. The rise came after the company disclosed the development of a product designed to aid in both the diagnosis and treatment of cancer.
• Vulcan Energy Resources Ltd saw a 1.9% increase, closing at $5.88, after securing a substantial €879 million ($1.4 billion) loan commitment to finance Europe’s largest lithium resource.
• HMC Capital Ltd closed marginally higher at $10.06, up 0.4%. This modest gain followed earlier advances in the day and came after two consecutive days of losses, attributed to the underwhelming debut of DigiCo, in which HMC holds a majority stake.
• In commodities, oil prices steadied after two days of declines, buoyed by an industry report indicating a significant reduction in US commercial crude inventories.
• On Wall Street, markets faced declines, with the Dow Jones falling 0.61%, the S&P 500 losing 0.39%, and the NASDAQ slipping 0.32%.
• Meanwhile, global markets also experienced downturns, as the Hang Seng Index dropped 0.16%, and the FTSE 100 fell 0.46%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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