ASX/200 Closed Lower by 0.47%, Dragged down by Information Technology

By the end of the trading session on 11 December 2024, the benchmark index S&P/ASX 200 closed lower by 0.47% and settled at 8,353.60. Out of 11 sectors, 09 sectors ended lower along with the S&P/ASX 200.

A-REIT and Consumer Discretionary are the top-gaining sectors, gaining 0.88% and 0.09% in their index value. On the other hand, Information Technology and Industrials are the top-losing sectors, losing 1.35% and 1.02% in their index value.

The Star Entertainment Limited (ASX: SGR) and Eagers Automotive Limited (ASX: APE) are the top-gaining stocks, gaining 8.333% and 5.304% in their stock prices. On the other hand, IPH Limited (ASX: IPH) and South32 Limited (ASX: S32) went down by 4.647% and 4.348% respectively are the top-losing stocks.

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Top gainer for the day:

• A-REIT (Up 0.88%)
• Consumer Discretionary (Up 0.09%)

Top loser for the day:

• Information Technology (Down 1.35%)
• Industrials (Down 1.02%)

Other Factors influencing the market:

• South32 Limited (ASX: S32) experienced a 4.4% decline in its share price, trading at $3.52, after disclosing on Tuesday that worsening civil unrest in Mozambique has disrupted transportation to and from its operations, jeopardizing its production outlook.
• A block of Cettire Limited (ASX: CTT) shares worth approximately $16 million exchanged hands at $1.10 per share, reportedly involving major shareholder Cat Rock. Shares of the online luxury retailer fell 4.1% to $1.18.
• Collapsed airline Regional Express Holdings Ltd (ASX: REX) is facing allegations from the Australian Securities and Investments Commission (ASIC), claiming the company misled the market for over a year regarding its profitability before entering administration in July. The airline’s shares were suspended in July, with the last trading price at 56 cents.
• Paradigm Biopharmaceuticals Limited (ASX: PAR) saw its share price drop 13.6% to 44.5 cents after resuming trade following a $16 million capital raise announced on Tuesday.
• Vulcan Energy Resources Limited (ASX: VUL) remains in a trading halt as it works to secure an additional $164 million in funding.
• Oil prices remained steady as the market awaits key U.S. inflation data and a monthly report from the Organisation of the Petroleum Exporting Countries (OPEC), which is anticipated to offer insights into market conditions.
• The Dow Jones Industrial Average edged lower by 0.35%, while the S&P 500 slipped by 0.30%. The NASDAQ also recorded a marginal decline of 0.25%. 
• Meanwhile, the Hang Seng Index dropped by 0.23%, and the FTSE 100 fell by 0.86%, reflecting broad caution in global markets.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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