ASX 200 Closed Higher By 0.23%; Ahead of Key U.S. Inflation Data
By the end of the trading session on 13 July 2022, the benchmark index S&P/ASX 200 ended higher by 0.23% and settled at 6,621.60. Out of 11 sectors, 7 sectors closed higher along with the gain in the ASX 200.
The Consumer Discretionary and Information Technology sectors were the top 2 gaining sectors, gained 1.18% and 1.18% in their index value. On the other hand, the Energy and Utilities sectors were the top 2 losing sectors, declined 1.78% and 1.46% in their index values.
Megaport Limited (ASX: MP1) and PointsBet Holdings Limited (ASX: PBH) were the top gainers with 7.317% and 5.371% growth in share prices, respectively. On the other hand, Woodside Energy Group Ltd (ASX: WDS) and Viva Energy Group Limited (ASX: VEA) were the top losers, with a 2.904% and 2.847% drop in share prices, respectively.
S&P/ASX 200 closed higher, staging a late rally ahead of key U.S. inflation data due overnight, while the euro hovered just above parity against the dollar as investors awaited a highly anticipated U.S. inflation report later in the day.
U.S. inflation likely reached a new 40-year high in June, showing consumer prices rose 8.8% in June, driven up by a spike in gas costs, more expensive food and rent, and pricier cars and hotel rooms.
Oil prices are falling as U.S. inventory data showed buildups in crude oil and refined products amid rising fears of a global economic slowdown.
Investors have sold oil positions on worries that aggressive interest rate hikes to stem inflation will spur an economic downturn that will hit oil demand.
The Dow fell in the previous session as energy stocks wobbled on falling oil prices and financials ran out of steam ahead of the inflation report due Wednesday.
Dow has closed down by 0.6%, S&P 500 down by 0.9%, and NASDAQ closed lower by 1.0%.
Hang Seng is up by 0.21%, and FTSE 100 is up by 0.18%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Higher By 0.23%; Ahead of Key U.S. Inflation Data
By the end of the trading session on 13 July 2022, the benchmark index S&P/ASX 200 ended higher by 0.23% and settled at 6,621.60. Out of 11 sectors, 7 sectors closed higher along with the gain in the ASX 200.
The Consumer Discretionary and Information Technology sectors were the top 2 gaining sectors, gained 1.18% and 1.18% in their index value. On the other hand, the Energy and Utilities sectors were the top 2 losing sectors, declined 1.78% and 1.46% in their index values.
Megaport Limited (ASX: MP1) and PointsBet Holdings Limited (ASX: PBH) were the top gainers with 7.317% and 5.371% growth in share prices, respectively. On the other hand, Woodside Energy Group Ltd (ASX: WDS) and Viva Energy Group Limited (ASX: VEA) were the top losers, with a 2.904% and 2.847% 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 2067, Australia | 1800 005 780 | info@kapitales.com.au.au