S&P/ASX 200 Trading Lower; Dragged Down By Energy and Financials Sectors

Jun 30, 2022

On 30 June 2022, at AEST 12:25 PM, the benchmark index S&P/ASX 200 is trading lower today, declining 53.30 points or 0.80%, and is currently trading at 6,646.90 levels. Out of 11 sectors, 7 sectors are trading lower along with the S&P/ASX 200.

The Healthcare and Telecommunication Services sectors are the top 2 gaining sectors, gaining 0.68% and 0.53% in their index values. On the other hand, Energy and Financials sectors are the top 2 losing sectors, declining 1.45% and 1.36% in their index values.

PointsBet Holdings Limited (ASX: PBT) and Collins Foods Limited (ASX: CKF) are the top gaining stocks, gaining 11.983% and 3.021% in their stock prices. On the other hand, Janus Henderson Group PLC (ASX: JHG) and Unibail-Rodamco-Westfield (ASX: URW) are the top losing stocks and are declining 4.533% and 4.000% in their stock prices.

Factors influencing the market-

  • Australian shares are slightly down as Wall Street wavered, and US Fed chair Jerome Powell warned that the clock was running out on inflationary expectations.
  • Energy and Materials stocks are continuing to decline, with commodity and oil prices continuing to deflate amid rising concerns about a recession.
  • Dow has closed up by 0.2%, S&P 500 closed flat, and NASDAQ closed higher by 0.3%.

Hang Seng is down by 0.25%, and FTSE 100 is down by 0.15%.

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