ASX/200 Closed Lower by 0.25%, Dragged down by Consumer Staples

By the end of the trading session on 31 October 2024, the benchmark index S&P/ASX 200 closed lower by 0.25% and settled at 8,160.40. Out of the 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Information Technology and Consumer Discretionary are the top-gaining sector, gaining 0.52% and 0.17% in their index value. On the other hand, Consumer Staples and Utilities are the top-losing sectors, losing 1.64% and 0.92 in their index value.

Mineral Resources Limited (ASX: MIN) and JB HI-FI Limited (ASX: JBH) are the top-gaining stocks, gaining 9.201% and 5.288% in their stock prices. On the other hand, Nickel Industries Limited (ASX: NIC) and AGL Energy Limited (ASX: AGL)  went down by 6.218% and 6.009% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology  (Up 0.52%)
• Consumer Discretionary (Up 0.17%)

Top loser for the day:

• Consumer Staples (Down 1.64%)
• Utilities (Down 0.92%)

Other Factors influencing the market:

• Coles Group Limited's (ASX: COL) stock dipped by 0.6% to $17.59, following a report showing September quarter sales of $10.55 billion, up 2.9% from last year but below market expectations.
• AGL Energy Limited (ASX: AGL) declined by 6% to $10.48, with Barrenjoey downgrading its rating to "underweight" and lowering future earnings estimates due to the expiration of low-cost coal and gas contracts.
• Consumer discretionary stocks saw gains, led by JB Hi-Fi Limited (ASX: JBH), which surged 5.3% to $82.03 after reporting growth in Q3 sales, including strong results from its New Zealand operations.
• Mineral Resources Limited (ASX: MIN) jumped 9.2% to $39.40 after announcing a $1.1 billion asset sale to Hancock Prospecting, owned by Gina Rinehart, and expects to release findings from an investigation into Managing Director Chris Ellison’s tax matters by Monday.
• Origin Energy Limited (ASX: ORG) rose 1.4% to $9.63, driven by an increase in liquid natural gas revenue for the September quarter, despite a decline in overall production.
• U.S. markets saw declines, with the Dow down 0.22%, the S&P 500 down 0.33%, and the NASDAQ down 0.49%.
• The Hang Seng Index decreased by 1.55%, while the FTSE 100 fell by 0.73%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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