ASX/200 Closed Lower by 1.81%, Dragged down by Consumer Discretionary
By the end of the trading session on 16 April 2024, the benchmark index S&P/ASX 200 ended lower by 1.81% and settled at 7,612.50. All 11 sectors closed lower along with the ASX 200.
Consumer Discretionary and Utilities sectors were the top-losing sectors, losing 2.39% and 2.15% respectively in their index values.
BWP Trust (ASX: BWP) and Lifestyle Communities Limited (ASX: LIC) were the top gainers, with 2.077% and 1.436% growth in share prices, respectively. On the other hand, The Star Entertainment Limited (ASX: SGR) and Boss Energy Limited (ASX: BOE) were the top losers, with 14.433% and 6.614% drop in share prices, respectively.
Suncorp's shares declined by 1.3% to AU$15.83 on the ASX following a prudential breach filing with banking regulators.
The Star Entertainment Group experienced the largest drop on the ASX, plummeting 14.4% to 41.5¢ amid an ongoing inquiry into the casino operator.
Woolworths saw a decrease of 1.2% to $31.88 as CEO Brad Banducci faced potential contempt charges at a Senate hearing regarding supermarket pricing. Similarly, Coles' shares fell by 1.2% to $16.01.
Gold prices rose slightly on Tuesday, nearing a recent record high, driven by concerns over increasing geopolitical tensions between Iran and Israel, boosting demand for the safe-haven metal.
The Dow closed down by 0.65%, the S&P 500 dropped by 1.20%, and the NASDAQ finished lower by 1.79%.
The Hang Seng fell by -2.14%, and the FTSE 100 declined by -1.26% today.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed Lower by 1.81%, Dragged down by Consumer Discretionary
By the end of the trading session on 16 April 2024, the benchmark index S&P/ASX 200 ended lower by 1.81% and settled at 7,612.50. All 11 sectors closed lower along with the ASX 200.
Consumer Discretionary and Utilities sectors were the top-losing sectors, losing 2.39% and 2.15% respectively in their index values.
BWP Trust (ASX: BWP) and Lifestyle Communities Limited (ASX: LIC) were the top gainers, with 2.077% and 1.436% growth in share prices, respectively. On the other hand, The Star Entertainment Limited (ASX: SGR) and Boss Energy Limited (ASX: BOE) were the top losers, with 14.433% and 6.614% drop in share prices, respectively.
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Top loser for the day:
Other Factors influencing the market:
Suncorp's shares declined by 1.3% to AU$15.83 on the ASX following a prudential breach filing with banking regulators.
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