ASX/200 Closed lower by 0.95%; dragged down by Materials
By the end of the trading session on 05 February 2024, the benchmark index S&P/ASX 200 ended higher by 0.95% and settled at 7,625.90. Out of 11 sectors, 10 closed lower along with the ASX 200.
Materials and Utilities sectors were the top-losing sectors, losing 2.63% and 1.41% respectively in their index values. On the other hand, the Healthcare sector was the top-gaining sector, gaining 0.13% respectively in their index values.
John Lyng Group Limited (ASX: JLG) and Pro Medicus Limited (ASX: PME) were the top gainers, with 5.473% and 3.654% growth in share prices, respectively. Silver Lake Resources Limited (ASX: SLR) and Liontown Limited (ASX: LTR) were the top losers, with 11.463% and 8.206% drop in share prices, respectively.
Silver Lake, a gold miner, experienced an 11.5% decline to $1.12 following the announcement of its merger with Red 5. Conversely, Red 5 saw a 3% surge, reaching 34¢.
Appen shares witnessed a 5.4% drop to 26.5¢, hitting a record intraday low of 26¢. The decline followed the struggling data services company's announcement of replacing current CEO Armughan Ahmad with Chief Operating Officer Ryan Kolln.
Argo Investments recorded a 0.6% slip to $9.05, attributing the lower profit in the first half-year to reduced dividends from mining giants BHP and Rio Tinto.
Oil prices experienced an increase on Monday due to disruption fears arising from weekend airstrikes by the US and Britain in Iraq, Syria, and Yemen. The strikes targeted Iran-linked entities in response to a deadly attack on American troops.
The Dow closed up by 0.35%, the S&P 500 showed a 1.07% increase, and the NASDAQ concluded higher with a 1.74% gain.
The Hang Seng exhibited a 0.26% increase, while the FTSE 100 registered a -0.09% decline 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.
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ASX/200 Closed lower by 0.95%; dragged down by Materials
By the end of the trading session on 05 February 2024, the benchmark index S&P/ASX 200 ended higher by 0.95% and settled at 7,625.90. Out of 11 sectors, 10 closed lower along with the ASX 200.
Materials and Utilities sectors were the top-losing sectors, losing 2.63% and 1.41% respectively in their index values. On the other hand, the Healthcare sector was the top-gaining sector, gaining 0.13% respectively in their index values.
John Lyng Group Limited (ASX: JLG) and Pro Medicus Limited (ASX: PME) were the top gainers, with 5.473% and 3.654% growth in share prices, respectively. Silver Lake Resources Limited (ASX: SLR) and Liontown Limited (ASX: LTR) were the top losers, with 11.463% and 8.206% 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