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S&P/ASX 200 Closed In Green Today; Despite Healthcare Sector Dropped By 4.79%

By the end of the trading session on 14 June 2023, the benchmark index S&P/ASX 200 ended higher by 0.32% and settled at 7,161.70. Out of 11 sectors, 6 sectors closed higher along with the ASX 200.

The Materials and Financial sectors were the only gaining sectors, gained 2.42% and 0.81% in its index value. On the other hand, the Healthcare and Information Technology sectors were the top 2 declining sectors, declined by 4.79% and 1.51% in their index values.

Minerals Resources Limited (ASX: MIN) and Allkem Limited (ASX: AKE) were the top gainers, with 5.005% and 4.625% growth in share prices, respectively. On the other hand, CSL Limited (ASX: CSL) and Capricorn Metals Limited (ASX: CMM) were the top losers, with a 6.895% and 6.027% drop in share prices, respectively.

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Top Performers for the day:

  • Materials (Up 2.42%)
  • Financials (Up 0.81%)

Top Loser for the day:                                    

  • Healthcare (Down 4.79%)
  • Information Technology (Down 1.51%)

Other Factors influencing the market:

  • The Australian share market ended higher, buoyed by positive sentiment from the overnight release of US May CPI data that indicates the Federal Reserve is to hit a pause this month.
  • The financial sector was also in the green. Commonwealth Bank shares firmed 0.9%. National Australia Bank rose 1.2%. Westpac added 1.3%. Investment bank Macquarie Group rose 1.4%.
  • Healthcare stocks fell 4.8% and was the worst performing sector. CSL shares tumbled 6.9% after it downgraded its FY23 statutory profit forecast due to FX damage.
  • Dow has closed up by 0.43%, S&P 500 up by 0.69%, and NASDAQ ended higher by 0.83%.
  • Hang Seng is down by 0.47%, and FTSE 100 is up by 0.32%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

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