S&P/ASX 200 Lower Today; CPI Rises to 5.1%

On 27 April 2022, 12:04 AM AEST, the benchmark index S&P/ASX 200 is down by points or 0.96% and currently trading at 7271.0 levels. 10 out of 11 sectors are trading in the red zone along with the S&P/ASX 200. The Information Technology and Financial sectors are top 2 loser sectors and declining 3.03% and 1.61% in their index value. While on the other hand, Energy is the top gaining sector, with 0.61 growth in the index value.

Whitehaven Coal Limited (ASX: WHC) and Downer Edi Limited (ASX: DOW) are the top gaining stocks, which are gaining 4.090% and 3.241% in their stock prices. Life360 INC (ASX: 360) and Credit Corp Group Limited (ASX: CCP) are the top losing stocks, and are declining 19.663% and 8.655% in their stock prices.

Factors influencing the market-

• Australia’s consumer price index rises to 5.1% in the March quarter, against the forecast of 4.6%. Consumer prices rose by 2.1% on the quarterly basis as compared to forecast of a rise of 1.7%.
• From the technology sector, player like Life360 Inc (ASX: 360) noted over 18% drop in the share price.
• NASDAQ-100, NASDAQ Composite and Dow Industrial ended lower in its previous trading session.
• Oil prices extends gain post the new of China stimulus.
• Brent Crude is trading in the green zone.
• Dow has closed down by 2.4%, S&P 500 was declined by 2.8% and NASDAQ closed down by 4%.
• Hang Seng is declining by 0.17% and FTSE 100 is up 0.08%.

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