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ASX 200 gains 0.6%; Materials and Energy sector are top gainers

On  08 April 2022, 11:46 am AEST, the benchmark index S&P/ASX 200 is up today by 0.64% and is trading at 7490.80 price levels. Total 9 out of 11 sectors are gaining today and are in green zone. Today’s rise mainly led by Materials and Energy sector by 1.13% and 1.11%, respectively. Utilities and Information Technology sector are in red zone.

Paladin Energy Ltd (ASX: PDN) and Graincorp Ltd (ASX: GNC) are the best performer stocks today. Which are gaining 10.0% and 5.523%. Paladin Energy Ltd. is planning to restart operations at its flagship Langer Heinrich uranium mine by raising AU$215 million While Platinum Asset Management Limited (ASX: PTM) and Tyro Payments Limited (ASX: TYR) are the top 2 losers with declining 15.92% and 2.915% in the stock prices.

Factor behind the rise:

Dow Industrials up by 0.25%, the S&P 500 rose by 0.4% and NASDAQ also gained by 0.1%. As investors digests hawkish Fed Minutes.

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