ASX/200 Closed Higher By 0.65%; Lifted by Telecommunications Services

By the end of the trading session on 20 December 2023, the benchmark index S&P/ASX 200 ended higher by 0.65% and settled at 7,537.90. Out of 11 sectors, 10 closed higher along with the ASX 200.

Telecommunications Services and A-REIT sectors were the top-gaining sectors, gaining 1.12% and 1.04% respectively in their index values. Information Technology sectors was the top-losing sectors, losing 0.26% respectively in their index values.

Sayona Mining Limited (ASX: SYA) and Core Lithium Limited (ASX: CXO) were the top gainers, with 12.307% and 9.523% growth in share prices, respectively. Pexa Group Limited (ASX: PXA) and Neuren Pharmacy Limited (ASX: NEU) were the top losers, with 11.794% and 4.299% drop in share prices, respectively.

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Top gainer for the day:

• Telecommunications Services (Up 1.12%)
• A-REIT (Up 1.04%)

Top loser for the day:

• Information Technology (Up 0.26%)

Other Factors influencing the market:

• Former National Australia Bank CFO Gary Lennon joins Transurban's board, a recent appointment by the company.
• Shares of Transurban experienced a marginal decline of 0.2%, settling at $13.84.
• Whispir sees an 8.8% surge to 55.5 cents amid a bidding war for the technology company, with Pendula and Soprano competing with raised bids.
• PEXA, the electronic conveyancing platform, faces an 11.8% drop to $10.92 following a negative update on its acquisition of the UK business Smoove.
• Oil prices hover near their highest point in over two weeks as companies avoid the Red Sea due to a rise in vessel attacks along this crucial shipping route.
• The Dow concludes with a 0.68% increase, the S&P 500 shows a 0.59% uptick, and the NASDAQ records a 0.66% gain.
• The Hang Seng experiences a 1.11% rise, while the FTSE 100 shows a 0.31% increase in today's trading.

 Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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