ASX/200 Closed Lower by 0.85%, Dragged down by Information Technology
By the end of the trading session on 17 May 2024, the benchmark index S&P/ASX 200 ended lower by 0.85% and settled at 7,814.40. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
Materials sector was the top-gaining sector, gaining 0.53% respectively in their index value. On the other hand, Information technology and Healthcare sectors were the top-lossing sector, lossing 2.97% and 2.23% respectively in their index values.
Bendigo And Adelaide Bank Limited (ASX: BEN) and Liontown Resources Limited (ASX: LTR) are the top-gaining stocks, gaining 7.963% and 5.087% in their stock prices. On the other hand, Nanosonics Limited (ASX: NAN) and Strike Energy Limited (ASX: STX) are the top-losing stocks and are declining by 6.313% and 5.556% in their stock prices.
Bendigo Bank reports a 2.3% decrease in cash profit for the ten months ending April 30, amounting to AU$464 million. The stock saw a 4.2% increase to AU$10.34 in early trading.
The bank notes that credit expenses remain low, and its net interest margin, after revenue share arrangements, stands at 1.87%.
The suspension of Star Entertainment’s Queensland casino licenses has been extended until December 2024. The company's shares traded flat at 46¢.
While gold has made headlines with a record-setting rally, silver is outperforming with stronger momentum, benefiting from robust financial and industrial demand.
Market indices reflect a mixed performance: the Dow closed down by 0.10%, the S&P 500 by 0.21%, and the NASDAQ by 0.26%.
However, the Hang Seng saw a 0.53% increase, while the FTSE 100 experienced a slight decline of -0.08% today.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed Lower by 0.85%, Dragged down by Information Technology
By the end of the trading session on 17 May 2024, the benchmark index S&P/ASX 200 ended lower by 0.85% and settled at 7,814.40. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
Materials sector was the top-gaining sector, gaining 0.53% respectively in their index value. On the other hand, Information technology and Healthcare sectors were the top-lossing sector, lossing 2.97% and 2.23% respectively in their index values.
Bendigo And Adelaide Bank Limited (ASX: BEN) and Liontown Resources Limited (ASX: LTR) are the top-gaining stocks, gaining 7.963% and 5.087% in their stock prices. On the other hand, Nanosonics Limited (ASX: NAN) and Strike Energy Limited (ASX: STX) are the top-losing stocks and are declining by 6.313% and 5.556% in their stock prices.
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Top gainer for the day:
Top loser for the day:
Other Factors influencing the market:
Bendigo Bank reports a 2.3% decrease in cash profit for the ten months ending April 30, amounting to AU$464 million. The stock saw a 4.2% increase to AU$10.34 in early trading.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au