ASX/200 Closed Lower by 0.15%,Dragged down by Materials
By the end of the trading session on 21 May 2024, the benchmark index S&P/ASX 200 ended lower by 0.15% and settled at 7,851.70. Out of 11 sectors, 07 sectors closed higher along with the ASX 200.
Information Technology and Industrials sectors were the top-gaining sectors, gaining 0.85% and 0.73% respectively in their index values. On the other hand, Materials and Telecommunications Services sectors were the top-lossing sector, lossing 0.83% and 0.73% respectively in their index values.
ALS Limited (ASX: ALQ) and Technology One Limited (ASX: TNE) are the top-gaining stocks, gaining 5.293% and 5.056% in their stock prices. On the other hand, James Hardie Industries PLC (ASX: JHX) and The Star Entertainment Limited (ASX: SGR) are the top-losing stocks and are declining by 14.790% and 7.408% in their stock prices.
Lab testing company ALS rose 5% to $14.58 despite a profit slump caused by a write-down of its Nuvisan acquisition, aligning with market expectations.
Star Entertainment dropped 7.4% to 50¢ due to confusion surrounding a proposal from Hard Rock Hotels & Resorts (Pacific), making it the second-worst performer.
Diagnostics giant Sonic Healthcare fell 6% to $25.01 after announcing lower-than-expected profits impacted by inflation and currency exchange issues.
The Australian dollar decreased by 0.1% to US66.58¢, with money markets suggesting a 50% chance the RBA will reduce the cash rate to 4.1% this year.
The Dow closed down by 0.49%, the S&P 500 slightly up by 0.09%, and the NASDAQ rose by 0.65%.
The Hang Seng dropped 2.26%, while the FTSE 100 edged up 0.05%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed Lower by 0.15%,Dragged down by Materials
By the end of the trading session on 21 May 2024, the benchmark index S&P/ASX 200 ended lower by 0.15% and settled at 7,851.70. Out of 11 sectors, 07 sectors closed higher along with the ASX 200.
Information Technology and Industrials sectors were the top-gaining sectors, gaining 0.85% and 0.73% respectively in their index values. On the other hand, Materials and Telecommunications Services sectors were the top-lossing sector, lossing 0.83% and 0.73% respectively in their index values.
ALS Limited (ASX: ALQ) and Technology One Limited (ASX: TNE) are the top-gaining stocks, gaining 5.293% and 5.056% in their stock prices. On the other hand, James Hardie Industries PLC (ASX: JHX) and The Star Entertainment Limited (ASX: SGR) are the top-losing stocks and are declining by 14.790% and 7.408% in their stock prices.
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Top gainer for the day:
Top loser for the day:
Other Factors influencing the market:
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