The ASX 200 experience a modest decline as the index fell by 0.32%, interrupting the anticipated “Santa rally” that was expected to conclude the year on a high note. Despite the short-term setback that has seen the XJO dip 2.52% in December, the year-to-date gain of 7.96% is a marked improvement on both 2022, and 2023.
Despite the decline in the broader Aussie markets on the day, the ASX 200 Energy sector added 1.12%, with notable gainers on the day, buoyed by increasing crude oil prices. This indicates a robust demand for energy stocks despite broader market challenges. There were 67 gainers, to 114 fallers on the day, with the remainder of the 200 ending unchanged.
BrainChip (ASX: BRN) Holdings emerged as a standout performer despite the general market decline. The company’s shares surged by 15% in a single day, culminating in a remarkable 68% increase over five days.
With many now turning to 2025, and looking to identify potential standout sectors in the year ahead, a strengthening in China and broader Resources could see the ASX 200 deliver outperformance on global counterparts.
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