By the end of the trading session on 07 November 2023, the benchmark index S&P/ASX 200 ended lower by 0.22% and settled at 6,977.10. Out of 11 sectors, 05 sectors closed lower along with the ASX 200.

Information Technology and Telecommunications Services sectors were the top-gaining sectors, gaining 1.67% and 0.71% respectively in their index values. Financial and Energy sectors were the top-declining sectors, gaining 1.00% and 0.54% respectively in their index values.

Healius Limited (ASX: HLS) and Weebit Nano Limited (ASX: WBT) were the top gainers, with 5.405% and 3.708% growth in share prices, respectively. Chalice Mining Limited (ASX: CHN) and Sayona Limited (ASX: SYA) were the top losers, with 5.498% and 4.762% drop in share prices, respectively.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Information Technology (Up 1.67%)


• Telecommunication Services (Up 0.71%)

Top loser for the day:

• Financial (Down 1.00%)


• Energy (Down 0.54%)

Other Factors influencing the market:

• Origin Energy saw a 1.2% increase in its stock price, reaching $8.64, as proxy adviser Institutional Shareholder Services recommended investors vote in favor of the $US10.5 billion ($20 billion) bid for the electricity generator led by Brookfield consortium.


• GQG Partners, headquartered in Florida, experienced a 1.8% decrease, with shares dropping to $1.35 due to a $US1.9 billion decline in its funds under management during October.


• Singapore iron ore futures traded lower in late afternoon trading, with a 0.9% decrease to $US122.65 a tonne on the December contract.


• Oil maintained a modest increase, following Saudi Arabia and Russia's announcement of extended supply cuts until the year-end, despite a deteriorating demand outlook.


• The Dow concluded with a 0.66% gain, the S&P 500 showed a 0.94% increase, and the NASDAQ finished higher by 1.38%.


• The Hang Seng reported a decline of -1.40%, while the FTSE 100 remained unchanged for the 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.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au