S&P/ASX 200 moves up; Buoyed by Materials and Energy Sector

Apr 19, 2022

As of 19 April 2022, 11:55 AM AEST, the benchmark index S&P/ASX 200 opens up higher by 54.80 points or 0.73% and currently trading at 7578.20 price levels. 8 out of 11 sectors are trading in a green zone along with the S&P/ASX 200. The Material and Energy sectors are the top 2 gaining sectors and gaining 1.43% and 1.26% in their index value. Information Technology and Healthcare sector are the top 2 loser stocks, declining 1.34% and 0.52% in their index value, respectively.

Imugene Limited (ASX: IMU) and Ramelius Resources Limited (ASX: RMS) are the top gaining stocks, gaining 4.651% and 4.318% in their stock prices. Paladin Energy Ltd (ASX: PDN) and Lynas Rare Earths Limited (ASX: LYC) are the top losing stocks and are declining 5.182% and 4.527% in their stock prices.

Factors Behind the rise-

  • Material and Energy sectors are gaining today as a rise in the commodity prices.
  • Gold miners posted gains after the precious metal’s prices touched US$2000 an ounce overnight.

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