ASX/200 Closed Lower by 0.75%, Dragged down by Financial

By the end of the trading session on 13 November 2024, the benchmark index S&P/ASX 200 closed lower by 0.75% and settled at 8,193.40. Out of 11 sectors, 10 sectors ended lower along with the S&P/ASX 200.

Financial and Industrials are the top-gaining sectors, gaining 1.07% and 1.06% in their index value. On the other hand, Utilities are the top-losing sectors, losing 0.58% in their index value.

Paladin Energy Limited (ASX: PDN) and James Hardie Industries PLC (ASX: JHX) are the top-gaining stocks, gaining 8.575% and 6.190% in their stock prices. On the other hand, Life 360 Inc (ASX: 360) and Mineral Resources Limited (ASX: MIN)  went down by 7.442% and 7.196% respectively are the top-losing stocks.

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Top gainer for the day:

• Utilities (Up 0.58%)

Top loser for the day:

• Financial (Down 1.07%)
• Industrials (Down 1.06%)

Other Factors influencing the market:

• The company's stock dropped by 5.6% to $35.57 as operations at the Bald Hill site in Western Australia are set to pause this week, pending improvement in spodumene prices.
• Shares declined 6.4% to $148.77 after the company posted a 15% increase in gaming revenue to $537 million (USD) for the September quarter, largely driven by a rise in global gaming machine sales.
• The company reported a 17% rise in net profit to $1.45 billion for FY24, attributing the growth to "exceptional" performance in North American operations.
• The family safety app reported revenue growth in Q3 2024, boosted by a strong back-to-school season and increasing interest in its new Tiles product.
• Bitcoin’s recent rise has stalled as traders evaluate the lasting market impact of President-elect Donald Trump’s positive stance on cryptocurrency.
• The strengthening US dollar is causing volatility in financial markets as traders prepare for possible new tariffs under President-elect Donald Trump, which could fuel inflation and keep interest rates elevated.
• The Dow Jones closed down by 0.86%, the S&P 500 by 0.29%, and the NASDAQ by 0.08%.
• The Hang Seng dropped by 2.84%, and the FTSE 100 declined by 1.22%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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