ASX/200 Closed lower by 0.63%; Dragged down by A-REIT
By the end of the trading session on 18 January 2024, the benchmark index S&P/ASX 200 ended lower by 0.63% and settled at 7,346.50. Out of 11 sectors, 09 sectors closed lower along with the ASX 200.
A-REIT and Industrials sectors were the top-losing sectors, losing 2.26% and 1.09% respectively in their index values. On the other hand Consumer Discretionary and Financial were the top-gaining sectors, gaining 0.30% and 0.08% respectively in their index values.
Emerald Resources NL (ASX: EMR) and Life 360 Inc. (ASX: 360) were the top gainers, with 3.164% and 3.061% growth in share prices, respectively. Liontown Resources Limited (ASX: LTR) and Sayona Mining Limited (ASX: SYA) were the top losers, with 10.662% and 6.383% drop in share prices, respectively.
BHP, a major ASX player, experienced a 1.8% decline to $45.73, despite reporting a 5% increase in its WA iron ore production quarter-on-quarter. The company, however, cautioned about potential impacts on its nickel division due to falling prices.
Property stocks faced a challenging day, with the sector witnessing a 2.2% decline. Scentre dropped 2.4% to $2.85, Stockland saw a 3.9% decrease to $4.24, and Dexus declined by 3.1% to $7.25.
Ampol recorded a 2.5% fall to $35.07, even after announcing that its full-year unaudited replacement cost operating profit (RCOP) is expected to slightly surpass its 2022 record.
The oil market experienced a decline, attributed to the impact of a stronger US dollar and a broader risk-off sentiment. Concerns over escalating tensions in the Middle East, including ongoing attacks by Iran-backed Houthi rebels in the Red Sea.
Key US indices reported losses, with the Dow closing down by 0.62%, the S&P 500 down by 0.37%, and the NASDAQ ending lower by 0.19%.
In contrast, the Hang Seng showed resilience with a 0.23% increase, while the FTSE 100 faced a notable decline of -1.48% on the given 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 0.63%; Dragged down by A-REIT
By the end of the trading session on 18 January 2024, the benchmark index S&P/ASX 200 ended lower by 0.63% and settled at 7,346.50. Out of 11 sectors, 09 sectors closed lower along with the ASX 200.
A-REIT and Industrials sectors were the top-losing sectors, losing 2.26% and 1.09% respectively in their index values. On the other hand Consumer Discretionary and Financial were the top-gaining sectors, gaining 0.30% and 0.08% respectively in their index values.
Emerald Resources NL (ASX: EMR) and Life 360 Inc. (ASX: 360) were the top gainers, with 3.164% and 3.061% growth in share prices, respectively. Liontown Resources Limited (ASX: LTR) and Sayona Mining Limited (ASX: SYA) were the top losers, with 10.662% and 6.383% 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