ASX/200 Closed Lower by 0.56%, Dragged down by Information Technology

By the end of the trading session on 05 April 2024, the benchmark index S&P/ASX 200 ended lower by 0.56% and settled at 7,773.30. All 11 sectors closed lower along with the ASX 200.

Information Technology and Materials sectors were the top-losing sectors, losing 1.41% and 0.80% respectively in their index values.

Regis Resources Limited (ASX: RRL) and Evolution Mining Limited (ASX: EVN) were the top gainers, with 3.274% and 2.362% growth in share prices, respectively. On the other hand, Champion Iron Limited (ASX: CIA) and Capricorn Metals Limited (ASX: CMM) were the top losers, with 7.423% and 5.465% drop in share prices, respectively.

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Top loser for the day:

• Information Technology (Down 1.41%)
• Materials (Down 0.80%)

    Other Factors influencing the market:

• GQG Partners reported an increase in its funds under management to $143.4 billion as of March 31, leading to a 4.1% rise in its share price to $2.29.
• Magellan experienced net outflows of $700 million in March, resulting in a 3.7% decrease in its stock price to $9.49.
• The upcoming key event for investors is the March US jobs report, expected overnight on Friday.
• Dominic Barton, the chairman of Rio Tinto, has indicated the company's commitment to setting conservation targets for nature and biodiversity, aiming to meet international sustainability standards in projects within developing countries.
• Market updates: The Dow Jones Industrial Average fell by 1.35%, the S&P 500 dropped by 1.23%, and the NASDAQ decreased by 1.40%. 
• Meanwhile, the Hang Seng Index saw a slight increase of 0.08%, whereas the FTSE 100 declined by 0.49%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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