ASX 200 LIVE: Shares Gain as Market Reacts to Property Slowdown and Executive Changes
Wednesday, 11 September 2024, 23:22
Market Overview
ASX 200 shares recently returned strong gains, climbing 1.1 percent and reaching unprecedented levels as investors positioned for growth amidst property sector pressures.
Sector Highlights
- Technology stocks led the charge, with WiseTech hitting record highs.
- Energy producers also saw gains, bolstered by rising Brent crude prices fuelled by Hurricane Francine fears.
- Uranium miners experienced a surge after geopolitical tensions raised market concerns.
Key Player Movements
- BHP and Perpetual traded ex-dividend, impacting their share prices.
- Media giant Nine faced setbacks with top executive exits impacting investor sentiment.
- Brickworks experienced a significant downturn due to property market challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.