ASX/200 Closed Lower by 1.24%, Dragged down by Consumer Discretionary

By the end of the trading session on 20 December 2024, the benchmark index S&P/ASX 200 closed lower by 1.24% and settled at 8,067.00. Out of 11 sectors, 08 sectors ended lower along with the S&P/ASX 200.

Utilities and Energy are the top-gaining sectors, gaining 1.54% and 1.24% in their index value. On the other hand, Consumer Discretionary and Financial are the top-losing sectors, losing 2.53% and 2.40% in their index value.

Karoon Energy Limited (ASX: KAR) and Ventia Services Group Limited (ASX: VNT) are the top-gaining stocks, gaining 5.284% and 3.768% in their stock prices. On the other hand, Bellevue Gold Limited (ASX: BGL) and Siteminder Limited (ASX: SDR) went down by 5.556% and 5.008% respectively are the top-losing stocks.

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Top gainer for the day:

• Utilities (Up 1.54%)
• Energy (Up 1.24%)

Top loser for the day:

• Consumer Discretionary (Down 2.53%)
• Financial (Down 2.40%)

Other Factors influencing the market:

• Mesoblast Limited (ASX: MSB) shares plummeted 20.6% to $2.42 on Friday afternoon as profit-taking followed U.S. regulatory approval of the company’s pioneering cell therapy.
• Integral Diagnostics Limited (ASX: IDX) saw a 3.5% rise to $3 after completing a merger with Capitol Health, forming a $1 billion diagnostics powerhouse.
• Ventia Services Group Limited (ASX: VNT) gained 3.8% to $3.58 following its announcement of a five-year partnership with Telstra.
• De Grey Mining Limited (ASX: DEG) climbed 2.8% to $1.74, boosted by news that its Hemi Gold project may enable underground production.
• Oil prices are on track for a weekly decline, pressured by a strengthening U.S. dollar.
• Wall Street saw mixed movements, with the Dow Jones inching up by 0.04%, the S&P 500 slipping 0.09%, and the NASDAQ falling 0.10%. 
• Meanwhile, global indices showed a similar divergence as the Hang Seng rose by 0.08%, while the FTSE 100 dropped by 1.14%.

Top 5 Gainers and Losers Scoreboard

90-Day Average Volume Outlier:

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