ASX/200 Closed lower by 0.20%, Dragged down by Financial

By the end of the trading session on 14 March 2024, the benchmark index S&P/ASX 200 ended lower by 0.20% and settled at 7,713.60. Out of 11 sectors, 07 closed lower along with the ASX 200.

Materials and Consumer Staples were the top-gaining sectors, gaining 1.82% and 0.61% respectively in their index values. Financial and Consumer Discretionary were the top-losing sectors, losing 2.02% and 0.78% respectively in their index values.

Sandfire Resources Limited (ASX: SFD) and Evolution Mining Limited (ASX: EVN) were the top gainers, with 10.309% and 9.523% growth in share prices, respectively. On the other hand, Polynovo Limited (ASX: PNV) and Eagers Automobile Limited (ASX: APE) were the top losers, with 6.828% and 6.757% drop in share prices, respectively.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Materials (Up 1.82%)
• Consumer Staples (Up 0.61%)

Top loser for the day:

• Financial (Down 2.02%)
• Consumer Discretionary (Down 0.78%)

 Other Factors influencing the market:

• Appen's stock plummeted by 17.1% to 80 cents after Innodata, based in New Jersey, withdrew its $154 million bid for the ASX-listed company. This withdrawal came a day after Appen disclosed it had received a confidential takeover offer.
• Aussie Broadband experienced an 18% decline, reaching $3.50, following the loss of a white-label agreement with Origin Energy. The deal was instead awarded to telecommunications provider Superloop.
• Superloop, after winning the white-label deal with Origin Energy, upgraded its FY24 earnings guidance. Consequently, its shares surged by 24.8% to $1.31.
• DigitalX, a Bitcoin fund manager, initiated a capital raise of $3 million from Australian investors. Trading of DigitalX stock was halted at 8 cents.
• The Dow Jones closed higher by 0.10%, while the S&P 500 ended the day down by 0.19%. Meanwhile, the NASDAQ experienced a decrease of 0.54%.
• The Hang Seng index recorded a decline of -0.65%, whereas the FTSE 100 index saw an increase of 0.31% for the day.

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