ASX/200 Closed lower by 1.82%, Dragged down by Materials
By the end of the trading session on 11 March 2024, the benchmark index S&P/ASX 200 ended lower by 1.82% and settled at 7,704.20. All 11 sectors closed lower along with the ASX 200.
Materials and Financial were the top-losing sectors, losing 2.56% and 2.17% respectively in their index values.
Block Inc (ASX: SQ2) and Corporate Trade Management Limited (ASX: CTD) were the top gainers, with 3.662% and 3.042% growth in share prices, respectively. On the other hand, Strike Energy Limited (ASX: STX) and Bellevue Gold Limited (ASX: BGL) were the top losers, with 6.667% and 6.431% drop in share prices, respectively.
Commonwealth Bank led the major banks into negative territory, with a 2.7% decline to $118.13 following a record high on Friday.
Despite winning a contract for professional services with Shell, Worley Limited experienced a 1.9% drop to $16.51 in its share price.
Regional Express saw a 5.1% surge to 83¢ after announcing a code-sharing partnership with Etihad Airways.
Energy stocks retreated due to a weaker oil price ahead of anticipated reports from OPEC and the IEA, which are expected to shed light on the demand outlook.
The Dow closed down by 0.18%, the S&P 500 by 0.65%, and the NASDAQ by 1.16%.
Meanwhile, the Hang Seng index rose by 1.37%, while the FTSE 100 declined by -0.43% for the day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed lower by 1.82%, Dragged down by Materials
By the end of the trading session on 11 March 2024, the benchmark index S&P/ASX 200 ended lower by 1.82% and settled at 7,704.20. All 11 sectors closed lower along with the ASX 200.
Materials and Financial were the top-losing sectors, losing 2.56% and 2.17% respectively in their index values.
Block Inc (ASX: SQ2) and Corporate Trade Management Limited (ASX: CTD) were the top gainers, with 3.662% and 3.042% growth in share prices, respectively. On the other hand, Strike Energy Limited (ASX: STX) and Bellevue Gold Limited (ASX: BGL) were the top losers, with 6.667% and 6.431% drop in share prices, respectively.
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Top loser for the day:
Other Factors influencing the market:
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