ASX/200 Closed lower by 1.09%; Dragged down by Utilities
By the end of the trading session on 16 January 2024, the benchmark index S&P/ASX 200 ended lower by 1.09% and settled at 7,414.80. All 11 sectors closed lower along with the ASX 200.
Utilities and Materials sectors were the top-losing sectors, losing 1.70% and 1.54% respectively in their index values.
Weebit Nano Limited (ASX: WBT) and Orora Limited (ASX: ORA) were the top gainers, with 2.865% and 2.281% growth in share prices, respectively. Lovisha Limited (ASX: LOV) and Ansell Limited (ASX: ANN) were the top losers, with 5.215% and 4.472% drop in share prices, respectively.
Lovisa experienced the most significant decline on the benchmark, falling 5.2% to $22.77, following a downgrade to a neutral rating by UBS analysts.
Despite Rio Tinto's iron ore division achieving its highest export volumes in five years in 2023, the company disclosed a new claim of $US80 million ($120 million) from the Mongolian Tax Authority.
Super Retail Group saw a 2.6% decrease, closing at $16.27, a reversal from the previous day's similar increase prompted by a stronger-than-expected trading update.
The oil market remained stable amid ongoing Houthi attacks on Red Sea ships heightening tensions in the Middle East, counterbalanced by concerns over the global economic outlook.
US markets were closed in the recent session in observance of Martin Luther King Jr. Day.
The Hang Seng experienced a 1.78% decline, while the FTSE 100 was down by 0.39% on the current 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 1.09%; Dragged down by Utilities
By the end of the trading session on 16 January 2024, the benchmark index S&P/ASX 200 ended lower by 1.09% and settled at 7,414.80. All 11 sectors closed lower along with the ASX 200.
Utilities and Materials sectors were the top-losing sectors, losing 1.70% and 1.54% respectively in their index values.
Weebit Nano Limited (ASX: WBT) and Orora Limited (ASX: ORA) were the top gainers, with 2.865% and 2.281% growth in share prices, respectively. Lovisha Limited (ASX: LOV) and Ansell Limited (ASX: ANN) were the top losers, with 5.215% and 4.472% drop in share prices, respectively.
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