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Market Alert : Can the ASX 200 Maintain Its Upward Momentum Through Earnings Season?

ASX/200 Closed Higher by 0.45%, Lifted by Information Technology

By the end of the trading session on 04 April 2024, the benchmark index S&P/ASX 200 ended higher by 0.45% and settled at 7,817.30. All 11 sectors closed higher along with the ASX 200.

Information Technology and Utilities sectors were the top-gaining sectors, gaining 1.18% and 0.94% respectively in their index values.

Arcadium Lithium Limited (ASX: LTM) and Liontown Resources Limited (ASX: LTR) were the top gainers, with 6.289% and 5.217% growth in share prices, respectively. On the other hand, A2 Milk Company Limited (ASX: A2M) and Reliance Worldwide Corporation Limited (ASX: RWC) were the top losers, with 1.828% and 1.566% drop in share prices, respectively.

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Top gainer for the day:

  • Information Technology (Up 1.18%)
  • Utilities (Up 0.94%)

  Other Factors influencing the market:

  • The ACCC has approved Cochlear's purchase of Oticon, a Danish med-tech company, boosting Cochlear's stock by 1.1% to $333.59.
  • Following a significant downturn, Lendlease's stock rose by 1.4% as property shares bounced back. Meanwhile, John Wylie criticizes Lendlease's culture as 'arrogant'.
  • Shares of Boral went up by 0.7% to $5.96 after an independent review labeled Seven’s acquisition offer as unreasonable, countering Seven’s critique of the report.
  • National Australia Bank reports a 1.9% decline in February's building approvals, falling short of the anticipated 3% increase.
  • The Dow dropped by 0.11%, while the S&P 500 and NASDAQ saw increases of 0.11% and 0.23%, respectively. 
  • The Hang Seng fell by 1.22%, whereas the FTSE 100 slightly rose by 0.03%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

 

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