ASX/200 Closed Lower by 0.50%, Dragged down by Healthcare

By the end of the trading session on 01 November 2024, the benchmark index S&P/ASX 200 closed lower by 0.50% and settled at 8,118.80. Out of the 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Healthcare and Financial are the top-gaining sector, gaining 1.03% and 0.92% in their index value. On the other hand, Energy and Materials are the top-losing sectors, losing 1.00% and 0.15 in their index value.

Champion Iron Limited (ASX: CIA) and Mineral Resources Limited (ASX: MIN) are the top-gaining stocks, gaining 4.436% and 3.654% in their stock prices. On the other hand, Genesis Minerals Limited (ASX: GMD) and Healius Limited (ASX: HLS)  went down by 4.898% and 4.532% respectively are the top-losing stocks.

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Top gainer for the day:

• Energy (Up 1.00%)
• Materials (Up 0.15%)

Top loser for the day:

• Healthcare (Down 1.03%)
• Financial (Down 0.92%)

Other Factors influencing the market:

• Packaging giant Amcor fell 4.3% to $16.01, even after reaffirming its FY2025 outlook and announcing a slightly higher quarterly dividend compared to the previous year.
• The building materials firm Fletcher Building rose by 0.7% to $2.74, despite the New Zealand Commerce Commission's lawsuit against its Winstone Wallboards unit over alleged rebate-based supply agreements.
• Materials stocks rebounded from early losses, supported by data showing a return to growth in China's manufacturing activity for October, as indicated by a private survey. The data hints that Beijing’s economic stimulus is gaining traction.
• Kelsian Group secured a $27.5 million, five-year contract extension with the Northern Territory to provide ferry services between Darwin, Mandorah, and the Tiwi Islands.
• Oil prices surged, rising more than $1 per barrel, amid escalating Middle Eastern tensions following reports of Iran potentially planning a retaliatory strike on Israel from Iraqi territory in the coming days.
• The Dow closed down by 0.22%, the S&P 500 declined by 0.33%, and the NASDAQ dropped by 0.49%.
• The Hang Seng index fell by 1.55%, and the FTSE 100 was down by 0.73%

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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