ASX/200 Closed lower by 0.10%; Dragged down by Utilities
By the end of the trading session on 12 January 2024, the benchmark index S&P/ASX 200 ended lower by 0.10% and settled at 7,498.30. Out 11 sectors, 09 sectors closed lower along with the ASX 200.
Utilities and Consumer Staples sectors were the top-losing sectors, losing 1.61% and 1.28% respectively in their index values. On the other hand, Energy and Materials were the top-gaining sectors, gaining 0.52% and 0.05% respectively in their index values.
Core Lithium Limited (ASX: CXO) and Boss Energy Limited (ASX: BOE) were the top gainers, with 7.692% and 4.948% growth in share prices, respectively. Healius Limited (ASX: HLS) and The Star Entertainment Limited (ASX: SGR) were the top losers, with 7.595% and 4.588% drop in share prices, respectively.
Core Lithium, a heavily shorted stock, demonstrated strong performance on the ASX 200, surging by 7.7% to reach 21¢. This positive movement followed a 17% decline earlier in the week.
Healius, on the other hand, experienced a significant drop, falling by 7.6% to $1.46. The decline came after Morgan Stanley downgraded the shares to an underweight rating.
Syrah Resources, a graphite producer, saw a modest increase of 1.9%, reaching 53.5¢. The company reported potential hindrances to the ramp-up of its US project due to cold weather expected in Louisiana next week.
The Australian sharemarket managed to recover from some of its initial losses, driven in part by a surge in oil prices that boosted energy stocks.
In the global market, the Dow closed with a marginal increase of 0.04%, the S&P 500 experienced a slight decrease of 0.07%, and the NASDAQ concluded with no significant change.
The Hang Seng index exhibited a modest rise of 0.05%, while the FTSE 100 faced a decline of -0.98% on the current trading day.
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.
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ASX/200 Closed lower by 0.10%; Dragged down by Utilities
By the end of the trading session on 12 January 2024, the benchmark index S&P/ASX 200 ended lower by 0.10% and settled at 7,498.30. Out 11 sectors, 09 sectors closed lower along with the ASX 200.
Utilities and Consumer Staples sectors were the top-losing sectors, losing 1.61% and 1.28% respectively in their index values. On the other hand, Energy and Materials were the top-gaining sectors, gaining 0.52% and 0.05% respectively in their index values.
Core Lithium Limited (ASX: CXO) and Boss Energy Limited (ASX: BOE) were the top gainers, with 7.692% and 4.948% growth in share prices, respectively. Healius Limited (ASX: HLS) and The Star Entertainment Limited (ASX: SGR) were the top losers, with 7.595% and 4.588% 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