ASX/200 Closed higher by 0.45%; lifted by Utilities
By the end of the trading session on 07 February 2024, the benchmark index S&P/ASX 200 ended higher by 0.45% and settled at 7,615.80. Out of 11 sectors, 08 closed higher along with the ASX 200.
Utilities and Materials sectors were the top- gaining sectors, gaining 1.77% and 1.03% respectively in their index values. On the other hand, Consumer Discretionary and Energy sector was the top-losing sector, losing 0.79% and 0.63% respectively in their index values.
Chalice Mining Limited (ASX: CHN) and Alumina Limited (ASX: AWC) were the top gainers, with 8.522% and 5.687% growth in share prices, respectively. Santo Limited (ASX: STO) and CSR Limited (ASX: CSR) were the top losers, with 5.845% and 4.533% drop in share prices, respectively.
CSR shares declined by 4.5% to $6.53 after UBS analysts downgraded the stock from a buy to a sell rating.
Amcor, a packaging giant, announced plans to cut 2000 jobs following a decrease in profit reported in its half-year report. Despite this, the company's shares increased by 1.4% to $14.52.
Ross McEwan, the group CEO and managing director of National Australia Bank (NAB), will step down from his position in April. He will be succeeded by Andrew Irvine, who currently serves as the bank's business banking executive. NAB's shares experienced a slight decline of 0.2% to $32.13.
Oil prices saw a slight increase in range-bound trading as investors assessed changing risks in the Middle East alongside hawkish statements from the Federal Reserve.
The Dow Jones Industrial Average closed up by 0.37%, the S&P 500 rose by 0.23%, and the NASDAQ ended the day higher by 0.07%.
However, the Hang Seng Index dropped by -0.40%, while the FTSE 100 experienced a 0.90% increase in today's trading session.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
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ASX/200 Closed higher by 0.45%; lifted by Utilities
By the end of the trading session on 07 February 2024, the benchmark index S&P/ASX 200 ended higher by 0.45% and settled at 7,615.80. Out of 11 sectors, 08 closed higher along with the ASX 200.
Utilities and Materials sectors were the top- gaining sectors, gaining 1.77% and 1.03% respectively in their index values. On the other hand, Consumer Discretionary and Energy sector was the top-losing sector, losing 0.79% and 0.63% respectively in their index values.
Chalice Mining Limited (ASX: CHN) and Alumina Limited (ASX: AWC) were the top gainers, with 8.522% and 5.687% growth in share prices, respectively. Santo Limited (ASX: STO) and CSR Limited (ASX: CSR) were the top losers, with 5.845% and 4.533% drop in share prices, respectively.
Top gainer for the day:
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