ASX 200 Closed Higher By 0.88%; 9 Out Of 11 Sectors Closed Higher
By the end of the trading session on 03 June 2022, the benchmark index S&P/ASX 200 ended higher by 0.88% and settled at 7,238.80. 9 out of 11 sectors closed higher along with the ASX 200.
The Materials and Information Technology sectors were the top 2 gaining sectors, gained 2.62% and 2.26% in their index values. On the other hand, the Consumer Discretionary sector was the only losing sector, declined 0.07% in its index value.
Champion Iron Limited (ASX: CIA) and Pilbara Minerals Limited (ASX: PLS) were the top gainers with 8.137% and 7.456% growth in share prices, respectively. On the other hand, Healius Limited (ASX: HLS) and Domino’s Pizza Enterprises Limited (ASX: DMP) were the top losers, with an 8.654% and 3.693% drop in share prices, respectively.
Iron ore prices shot up overnight, fuelled by optimism that the easing of COVID-19 restrictions in China, combined with more stimulus measures, will increase demand in the world's second-largest economy, helping the material sector rise.
Brent crude is trading at $117.28 per barrel as markets disregard the decision of OPEC to increase production and questioned whether the incremental output could make up for lost supply from Russia and meet China's growing demand amid easing COVID restrictions.
Lithium stocks have extended their gains from Wednesday's sell-off, led by Pilbara Minerals, which is up 7.45% at $2.45, and Liontown Resources, which is 6.72% higher at $1.27.
Healius Limited's share price fell 8.654% following the company reported more challenging market conditions in the second half of the financial year.
Dow has closed up by 1.3%, S&P 500 up by 1.8%, and NASDAQ closed higher by 2.7%.
Hang Seng is down by 1.00%, and FTSE 100 is down by 0.98%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Closed Higher By 0.88%; 9 Out Of 11 Sectors Closed Higher
By the end of the trading session on 03 June 2022, the benchmark index S&P/ASX 200 ended higher by 0.88% and settled at 7,238.80. 9 out of 11 sectors closed higher along with the ASX 200.
The Materials and Information Technology sectors were the top 2 gaining sectors, gained 2.62% and 2.26% in their index values. On the other hand, the Consumer Discretionary sector was the only losing sector, declined 0.07% in its index value.
Champion Iron Limited (ASX: CIA) and Pilbara Minerals Limited (ASX: PLS) were the top gainers with 8.137% and 7.456% growth in share prices, respectively. On the other hand, Healius Limited (ASX: HLS) and Domino’s Pizza Enterprises Limited (ASX: DMP) were the top losers, with an 8.654% and 3.693% drop in share prices, respectively.
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Top Performers for the day:
Top Loser for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au.au