ASX/200 Closed Lower by 0.42%, Dragged down by A-REIT

By the end of the trading session on 02 July 2024, the benchmark index S&P/ASX 200 ended lower by 0.42% and settled at 7,718.20.  Out of 11 sectors, 10 sectors closed lower along with the ASX 200.

Energy is the top-gaining sectors, gaining 2.00% in their index value. A-REIT and Consumer Discretionary were the top-losing sectors, losing 1.46% and 0.92% respectively in their index values.

Liontown Resources Limited (ASX: LTR) and Whitehaven Coal Limited (ASX: WHC) were the top-gaining stocks, gaining 7.303% and 5.658% in their stock prices. On the other hand, The Star Entertainment Group Limited (ASX: SGR) and IGO Limited (ASX: IGO) went down by 4.041% and 3.761% respectively are the top-losing stocks.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Energy (Up 2.000%)

Top loser for the day:

• A-REIT (Down 1.46%)
• Consumer Discretionary (Down 0.92%)

Other Factors influencing the market:

• The stock market experienced its second consecutive loss of the new financial year on Tuesday, primarily due to ongoing concerns about interest rates, despite gains in oil and coal producers.
• The RBA minutes revealed concerns about inflation risks and a strong commitment to returning inflation to target levels, even before the May CPI data.
• Liontown Resources, a lithium developer, was the top performer on the ASX, rising 7.3% to 95.5¢ after securing a AU$250 million funding deal with South Korean battery giant LG Energy Solutions.
• Bendigo and Adelaide Bank saw a 1% decline to AU$11.31 following the announcement that CEO Marnie Baker would step down after 35 years with the company.
• ASX telco Superloop increased by 1.3% to AU$1.57, forecasting it would reach the upper end of its full-year earnings guidance.
• Oil climbed to the highest in more than two months as traders took stock of mounting geopolitical risks in Europe and the Middle East as well as a hurricane in the Caribbean.
• The Dow has closed up by 0.13%, the S&P 500 closed up by 0.27%, and the NASDAQ ended higher by 0.81%.
• Hang Seng is up 0.01%, and FTSE 100 is up by 0.03%.

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