By the end of the trading session on 20 May 2024, the benchmark index S&P/ASX 200 ended higher by 0.63% and settled at 7,863.70. Out of 11 sectors, 07 sectors closed higher along with the ASX 200.
Energy and Materials sectors were the top-gaining sectors, gaining 2.20% and 2.06% respectively in their index values. On the other hand, Healthcare and A-REIT sectors were the top-lossing sector, lossing 0.68% and 0.62% respectively in their index values.
The Star Entertainment Limited (ASX: SGR) and Paladin Energy Limited (ASX: PDN) are the top-gaining stocks, gaining 20.000% and 7.569% in their stock prices. On the other hand, Audinate Group Limited (ASX: AD8) and Cochlear Limited (ASX: COH) are the top-losing stocks and are declining by 5.856% and 3.233% in their stock prices.
Star Entertainment surged by 20% to 54¢, becoming the top performer on the benchmark index. This rise followed confirmation from The Australian Financial Review regarding discussions of potential control acquisition by Florida-based entertainment giant Hard Rock Hotels and Casinos.
Intelligence software company Nuix reported a strong six-month performance, surpassing its revenue growth targets. This announcement led to a significant rally in shares, soaring by 25.2% to $2.98.
Core Lithium announced the appointment of Paul Brown, former Mineral Resources executive and current CEO of Hastings Technology Metals, as its new chief executive. Despite this development, shares closed 6.1% lower at 15.5¢.
Gold reached a new high, driven by heightened investor demand across the broader metals complex amidst growing optimism regarding potential rate cuts by the US this year.
The Dow experienced a 0.34% increase in closure, while the S&P 500 edged up by 0.12%. Conversely, the NASDAQ ended the day with a slight decrease of 0.07%.
The Hang Seng index rose by 0.63%, while the FTSE 100 witnessed a marginal decline of -0.22% during the trading session.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX/200 Closed Higher by 0.63%, Lifted by Energy
By the end of the trading session on 20 May 2024, the benchmark index S&P/ASX 200 ended higher by 0.63% and settled at 7,863.70. Out of 11 sectors, 07 sectors closed higher along with the ASX 200.
Energy and Materials sectors were the top-gaining sectors, gaining 2.20% and 2.06% respectively in their index values. On the other hand, Healthcare and A-REIT sectors were the top-lossing sector, lossing 0.68% and 0.62% respectively in their index values.
The Star Entertainment Limited (ASX: SGR) and Paladin Energy Limited (ASX: PDN) are the top-gaining stocks, gaining 20.000% and 7.569% in their stock prices. On the other hand, Audinate Group Limited (ASX: AD8) and Cochlear Limited (ASX: COH) are the top-losing stocks and are declining by 5.856% and 3.233% in their stock prices.
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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