ASX/200 Closed Lower by 0.30%, Dragged down by A-REIT

By the end of the trading session on 27 June 2024, the benchmark index S&P/ASX 200 ended lower by 0.30% and settled at 7,759.60. Out of 11 sectors, 07 closed higher along with the ASX 200.

Information Technology and Healthcare were the top-gaining sectors, gaining 0.74% and 0.35% respectively in their index value. On the other hand, A-REIT and Utilities were the top-gaining sectors, gaining 2.27% and 0.79% respectively in their index value.

Strike Energy Limited (ASX: STX) and Resmed Inc (ASX: RMD) are the top-gaining stocks, gaining 6.383% and 4.086% in their stock prices. On the other hand,Judo Capital Holdings Limited (ASX: JDO) and Mirvac Group (ASX: MGR) went down by 6.344% and 5.974% respectively are the top-losing stocks.

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Top gainer for the day:

• Information Technology (Up 0.74%)
• Healthcare (Up 0.35%)

Top loser for the day:

• A-REIT (Down 2.27%)
• Utilities (Down 0.79%)

Other Factors influencing the market:

• The financial sector, particularly sensitive to interest rates and dominated by major banks, saw a 0.5% decline. Commonwealth Bank's shares decreased by 0.6% to AU$126.20, while Westpac's fell by 0.9% to AU$27.09.
• Southern Cross Media (SCA) has announced its decision to reject a takeover bid from Australian Community Media aimed at acquiring some of its broadcast assets.
• The Sydney Morning Herald reported a substantial bitcoin donation totaling nearly AU$740,000 to Julian Assange’s freedom campaign. This donation covers almost the entire cost of his chartered jet flight from London to Australia.
• Oil prices stabilized following a volatile session on Wednesday, which saw fluctuations in equity markets and a significant increase in US crude stockpiles.
• Market movements: The Dow Jones Industrial Average closed up by 0.04%, the S&P 500 rose by 0.16%, and the NASDAQ gained 0.48%.
• International markets saw the Hang Seng Index drop by 1.94%, while the FTSE 100 fell by 0.27% today.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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