ASX 200 Closed Higher By 0.52%; Buoyed By Energy And IT Sectors

By the end of the trading session on 24 August 2022, the benchmark index S&P/ASX 200 ended higher by 0.52% and settled at 6,998.10. Out of 11 sectors, 7 sectors closed higher along with the ASX 200.

The Energy and Information Technology sectors were the top 2 gaining sectors, gained 2.84% and 2.18% in their index value. On the other hand, the Consumer Staples and Telecommunication Services sectors were the top 2 losing sectors, declined 1.31% and 1.04% in their index values.

Wisetech Global Limited (ASX: WTC) and Iluka Resources Limited (ASX: ILU) were the top gainers with 12.773% and 9.841% growth in share prices, respectively. On the other hand, EML Payments Limited (ASX: EML) and Nanosonics Limited (ASX: NAN) were the top losers, with a 10.553% and 5.556% drop in share prices, respectively.

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Top Performers for the day:

• Energy (Up 2.84%)
• Information Technology (Up 2.18%)

Top Loser for the day:                                    

• Consumer Staples (Down 1.31%)
• Consumer Discretionary (Down 1.04%)

Other Factors influencing the market:

• Wisetech Global’s share price surged after the company reported Steller performance, with profit surging 80% to $194.6 million.
• Domino’s Pizza Enterprises’ shares gained following the stepping up expansion in Asia with the acquisition of 287 stores in Malaysia, Singapore, and Cambodia.
• EML Payments was the biggest laggard of today, as the company has flagged a maximum loss of AU$7.9 million from fraudulent activity within its direct debit processing business.
• Coles Group has declined today after the company reported $240 million in COVID-19 costs, which hit its full-year bottom line.
• Oil prices fell today, taking a breather from a nearly 4% surge the previous day as traders reassessed the chances of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies/
• Dow has closed down 0.5%, S&P 500 down by 0.2%, and NASDAQ closed flat.
• Hang Seng is down 1.19%, and FTSE 100 is down by 0.61%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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