ASX/200 Closed Lower by 0.28%, Dragged down by Industrials

By the end of the trading session on 28 May 2024, the benchmark index S&P/ASX 200 ended lower by 0.28% and settled at 7,766.70.  Out of 11 sectors, 09 closed lower along with the ASX 200.

Consumer Staples and A-REIT sectors were the top-gaining sector,  gaining 0.19% and 0.04% respectively in their index values. Industrials and Utilities were the top-lossing sector, lossing 1.01% and 0.90% respectively in their index values. 

Centuria Capital Group Limited (ASX: CNI) and Nickel Industries Limited (ASX: NIC) are the top-gaining stocks, gaining 4.225% and 3.208% in their stock prices. On the other hand, Boss Energy Limited (ASX: BOE) and Healius Limited (ASX: HLS) are the top-losing stocks and are declining by 10.862% and 5.000% in their stock prices.

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Top gainer for the day:

• Consumer Staples (Up 0.19%)
• A-REIT (Up 0.04%)

Top loser for the day:

• Industrials (Down 1.01%)
• Utilities (Down 0.90%)

Other Factors influencing the market:

• South Australian producer Boss Energy fell 10.9% to AU$4.76 after the CEO sold over AU$20 million in shares. Namibian uranium producer Paladin decreased by 0.6% to AU$15.65.
• Car dealership group Peter Warren issued a profit warning, citing squeezed margins due to increased competition as sales slow amid rising household costs. The shares dropped 12.6% to AU$1.87.
• Medical software company Pro Medicus announced five new contracts in the US worth at least AU$45 million. The stock rose 0.9% to AU$114.31.
• Oil prices steadied after two days of gains despite rising tensions in the Middle East following the death of an Egyptian soldier in a clash with Israeli troops.
• The Dow closed up 0.01%, the S&P 500 rose 0.70%, and the NASDAQ gained 1.10%. 
• The Hang Seng is down 0.04%, and the FTSE 100 is down 0.26% today.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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