ASX/200 Closed Lower by 0.38%, Dragged down by A-REIT

By the end of the trading session on 04 December 2024, the benchmark index S&P/ASX 200 closed lower by 0.38% and settled at 8,462.60. Out of 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Materials and Information Technology are the top-gaining sectors, gaining 0.62% and 0.44% in their index value. On the other hand, A-REIT and Financial are the top-losing sectors, losing 1.73% and 0.84% in their index value.

Guzman Y Gomez Limited (ASX: GYG) and Lynas Rare Earths Limited (ASX: LYC) are the top-gaining stocks, gaining 5.022% and 5.021% in their stock prices. On the other hand, The Star Entertainment Group Limited (ASX: SGR) and Fletcher Building Limited (ASX: FBU) went down by 6.667% and 5.455% respectively are the top-losing stocks.

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Top gainer for the day:

• Materials (Up 0.62%)
• Information Technology (Up 0.44%)

Top loser for the day:

• A-REIT (Down 1.73%)
• Financial (Down 0.84%)

Other Factors influencing the market:

• Pro Medicus Limited (ASX: PME) rallied 1.8% to $261.24 after its founders, Dr. Sam Hupert and Anthony Hall, announced they would not sell additional shares in the "foreseeable future." Approximately 2 million shares of the medical imaging software company were traded after Tuesday’s session.
• Tabcorp Holdings Limited (ASX: TAH) fell 1.8% to 54¢ following the company’s decision to reduce its workforce by 10% to lower costs and streamline operations.
• SG Fleet Group Limited (ASX: SGF) rose 2.7% to $3.42 after Pacific Equity Partners finalized a $1.4 billion enterprise value acquisition of the vehicle leasing company, marking the largest public-to-private deal of the year.
• Rio Tinto Limited (ASX: RIO) climbed 0.9% to $120.08 after announcing a joint venture with Japan’s Sumitomo Metal Mining. The agreement involves a $614 million investment for a 30% stake in the Winu copper-gold project in Western Australia.
• The Australian dollar hit a four-month low of US64.05¢ as third-quarter economic growth slowed to 0.3%, falling short of expectations.
• In global markets, the Dow Jones fell by 0.17%, while the S&P 500 edged up by 0.05%. The NASDAQ advanced by 0.40%.
• The Hang Seng rose by 0.30%, and the FTSE 100 gained 0.56%.

`Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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