ASX/200 Closed Lower by 0.80%, Dragged down by Energy

By the end of the trading session on 24 June 2024, the benchmark index S&P/ASX 200 ended lower by 0.80% and settled at 7,733.70.  Out of 11 sectors, 10 sectors closed lower along with the ASX 200.

Industrials were the top-gaining sector, gaining 0.71% respectively in their index value. Energy and Healthcare were the top-losing sectors, losing 1.86% and 1.60% respectively in their index values.

Premier Investments Limited (ASX: PMV) and AMP Limited (ASX: AMP) are the top-gaining stocks, gaining 6.880% and 3.703% in their stock prices. On the other hand, Resmed Inc (ASX: RMD) and Deep Yellow Limited (ASX: DYL) went down by 13.204% and 6.507% respectively are the top-losing stocks.

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Top gainer for the day:

• Industrials (Up 0.71%)

Top loser for the day:

• Energy (Down 1.86%)
• Healthcare (Down 1.60%)

Other Factors influencing the market:

• Sleep apnoea device manufacturer ResMed fell 13.2% to AU$27.74 after results from a weight-loss drug trial over the weekend raised concerns about the company's key market.
• Sonic Healthcare dropped 2.3% to AU$26.54, and Fisher and Paykel lost 2.2% to AU$27.48.
• The consumer discretionary sector faced significant losses following a profit warning from Cettire, causing shares to plunge 49.3% to AU$1.135. The retailer attributed its fourth-quarter trading downturn to a slump in the online luxury industry.
• Oil prices declined for a second session due to a risk-off sentiment in broader markets and increased attacks on ships near Yemen.
• The Dow closed up by 0.04%, the S&P 500 fell by 0.16%, and the NASDAQ ended down by 0.16%.
• The Hang Seng index decreased by 0.72%, and the FTSE 100 declined by 0.09% today.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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