ASX/200 Closed Higher by 0.81%, Lifted by Information Technology

By the end of the trading session on 29 April 2024, the benchmark index S&P/ASX 200 ended higher by 0.81% and settled at 7,637.40. All 11 sectors closed higher along with the ASX 200.

Information Technology and A-REIT sectors were the top-gaining sectors, gaining 1.68% and 1.60% respectively in their index values.

Strike Energy Limited (ASX: STX) and Boss Energy Limited (ASX: BOE) are the top-gaining stocks, gaining 10.000% and 9.132% in their stock prices. On the other hand, Karoon Energy Limited (ASX: KAR) and Newmont Corporation (ASX: NEM) are the top-losing stocks and are declining by 1.805% and 1.446% in their stock prices.

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Top gainer for the day:

• Information Technology (Up 1.68%)
• A-REIT (Up 1.60%)

Other Factors influencing the market:

• Perpetual, a major player in wealth management, saw its shares rise by 3.1% to $24.02. The company confirmed ongoing discussions regarding the potential sale of its wealth and trust business to investment firm KKR.

• Boss Energy, following the commencement of uranium production at its Honeymoon project in South Australia, experienced a notable increase in its stock value. The company's shares surged by 9.1% to reach $4.78 after releasing its first quarterly report since initiating production.
• The Star Entertainment Group witnessed a significant uptick in its stock price, rising by 6.4% to 41.5¢. This increase followed the resignation of Chairman David Foster amidst an ongoing investigation into the company's Sydney operations.
• The Australian dollar reached its highest level against the New Zealand dollar in nearly a year, attributed to differing outlooks on interest rates between the two countries.
• In the stock market, the Dow Jones closed with a 0.40% increase, the S&P 500 recorded a gain of 1.02%, and the NASDAQ ended the trading session higher by 2.03%.
• The Hang Seng index rose by 0.65%, while the FTSE 100 experienced a 0.75% increase in value during the current trading day.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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