ASX/200 Closed Lower by 1.39%, Dragged down by Industrials
By the end of the trading session on 26 April 2024, the benchmark index S&P/ASX 200 ended lower by 1.39% and settled at 7,575.90. All 11 sectors sectors closed lower along with the ASX 200.
Industrials and A-REIT sectors were the top-losing sectors, losing 2.04% and 2.01% respectively in their index values.
Newmont Corporation (ASX: NEM) and Resmed Inc. (ASX: RMD) are the top-gaining stocks, gaining 13.864% and 9.603% in their stock prices. On the other hand, Magellan Financial Group Limited (ASX: MFG) and Boss Energy Limited (ASX: BOE) are the top-losing stocks and are declining by 5.131% and 4.990% in their stock prices.
ResMed saw its shares climb 9.6% to $31.50 following a 29% increase in net profit to $US300.5 million, based on quarterly sales of $US1.12 billion, as of March 31.
Shares of Newmont surged 13.9% to $65.70 after the company's quarterly earnings exceeded expectations, propelled by a rise in gold prices throughout 2024.
The Australian stock market experienced its second consecutive session of losses on Friday, influenced by local inflation data that led traders to reduce expectations of interest rate cuts by the Reserve Bank in 2024.
Oil prices were on track for a weekly increase, with market sentiment influenced by upcoming U.S. inflation data, which is expected to provide insights into future monetary policy and impact investor interest in commodities like crude oil.
Market indices showed positive movements; the Dow increased by 0.67%, the S&P 500 by 0.87%, and the NASDAQ by 1.11%.
Additionally, the Hang Seng index rose by 2.47%, while the FTSE 100 saw a gain of 0.48% today.
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
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX/200 Closed Lower by 1.39%, Dragged down by Industrials
By the end of the trading session on 26 April 2024, the benchmark index S&P/ASX 200 ended lower by 1.39% and settled at 7,575.90. All 11 sectors sectors closed lower along with the ASX 200.
Industrials and A-REIT sectors were the top-losing sectors, losing 2.04% and 2.01% respectively in their index values.
Newmont Corporation (ASX: NEM) and Resmed Inc. (ASX: RMD) are the top-gaining stocks, gaining 13.864% and 9.603% in their stock prices. On the other hand, Magellan Financial Group Limited (ASX: MFG) and Boss Energy Limited (ASX: BOE) are the top-losing stocks and are declining by 5.131% and 4.990% in their stock prices.
Copyright © 2022 Kapitales Research
Top loser for the day:
Other Factors influencing the market:
ResMed saw its shares climb 9.6% to $31.50 following a 29% increase in net profit to $US300.5 million, based on quarterly sales of $US1.12 billion, as of March 31.
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