ASX Market Close: More red for Oz investors as 2024 drags into station | Dec 30, 2024

The Market Herald
30 Dec 2024

The ASX closed down 0.04% on the second last trading day of 2024, losing three points to drop down to 8,221 as slow trade and profit-taking raked markets.

The last full day of trading (remember, New Year’s Eve will see the Aussie bourse close several hours early) was awash with red – only two of the 11 sectors on the ASX managed to stay positively green in any real way.

Those two up sectors were Energy, up 1.12% at close, and Healthcare, up 0.09%, the latter of which was buoyed by Proteomics International (ASX:PIQ) and its 22.3% rocket up.

Real Estate had the biggest dip through today, shedding 1.79%. It was followed by Financials, down 0.51% after the big four banks dropped slightly, and Utilities, dragged down 0.42% by APA Group (ASX:APA) and Origin (ASX:ORG).

Discretionary (down 0.36%) had another dip too after all the Chrissy shopping.

Maximus Resources (ASX:MXR) was among Monday’s biggest winners with a 31.3% rise sparked by Astral Resources (ASX:AAR) throwing a seven-cent-a-share takeover bid at its WA gold mining neighbour. (Astral lost 6.7% the other way.)

Boss Energy (ASX:BOE) and Karoon Energy (ASX:KAR) both gained today too, up 0.84% and 3.8% respectively after crude oil prices bumped up to start the week.

Also among the big winners was coal maker Bowen Coking Coal (ASX:BCB), up 29%.

Several property companies were left hurting by Real Estates’ overall drop, with Goodman Group (ASX:GMG), down 1.4%, GPT Group (ASX:GPT), down 3.89%, and Dexus (ASX:DXS), down 3.7%, the biggest losers there.

Transurban (ASX:TCL) was also in the red after trading ex-dividend; it dropped 1.9%.

Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10