ASX/200 Closed Lower by 0.13%, Dragged down by Financial

By the end of the trading session on 24 September 2024, the benchmark index S&P/ASX 200 closed lower by 0.13% and settled at 8,142.00. Out of 11 sectors, 05 sectors ended lower along with the S&P/ASX 200.

Financial and Consumer Staples are the top- gaining sectors, gaining 1.79% and 1.64% in their index value. Whereas Materials and Energy are the top-losing sectors, losing 2.66% and 1.71% in their index value.

Paladin Energy Limited (ASX: PND) and Boss Energy Limited (ASX: BOE) are the top-gaining stocks, gaining 8.209% and 6.832% in their stock prices. On the other hand, Light & Wonder Inc. (ASX: LNW) and Tabcorp Holdings Limited (ASX: TAH) went down by 17.775% and 4.892% respectively are the top-losing stocks.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Materials (Up 2.66%)
• Energy (Up 1.71%)

Top loser for the day:

• Financial (Down 1.79%)
• Consumer Staples (Down 1.64%)

Other Factors influencing the market:

• Mining stocks surged following positive news from China, with BHP increasing by 3.3% to $41.12, Rio Tinto rising 3.7% to $116.45, and Fortescue Metals gaining 1.8% to $18.
• Light & Wonder experienced a significant decline of 18.4%, dropping to $134.53 after losing a legal dispute with rival Aristocrat Leisure regarding a dragon-themed game in the U.S.
• Online luxury retailer Cettire saw a remarkable increase of 79%, reaching $2.38 after releasing its full-year financial results post-audit, maintaining its revenue policy.
• Reserve Bank governor Michele Bullock noted that the economic conditions in Australia differ from those abroad, where central banks have begun to lower interest rates.
• The Australian dollar reached its highest level this year, trading at US68.62¢, following the Reserve Bank's affirmation that inflation remains excessively high.
• In the U.S. markets, the Dow closed up 0.15%, the S&P 500 rose 0.28%, and the NASDAQ increased by 0.14%.
• In Asia, the Hang Seng Index rose by 1.37%, while the FTSE 100 experienced a decline of 0.68%.

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