ASX 200 Closed Higher by 0.37%; Led By Consumer Staples And Financials
By the end of the trading session on 25 May 2022, the benchmark index S&P/ASX 200 closed higher by 0.37% and settled at 7155.20. 7 out of 11 sectors closed higher along with the ASX 200. The Consumer Staples and Financials sectors were the top 2 gaining sectors, gained 1.54% and 0.81% in their index value. On the other hand, the Information Technology and Consumer Discretionary sectors were the top 2 losing sectors, declined 2.98% and 0.60% in their index values.
S&P/ASX 200 was mainly lifted by the Consumer Staples and Financials sector. But before lunchtime in Sydney, Gold miners also dominated the ASX 200 as the Gold prices increased to $1858.41 due to a weaker U.S. dollar and lower Treasury yields amid subdued risk appetite in financial markets, helping the material sector rise.
Costa Group Holdings Limited (ASX: CGC) and Nufarm Limited (ASX: NUF) were the top gainers with 8.591% and 5.611% growth in share prices, respectively. On the other hand, BHP Group Limited (ASX: BHP) and Chalice Mining Limited (ASX: CHN) were the top losers, with a 10.000% and 6.597% drop in the share price, respectively.
Today, the Reserve Bank of New Zealand increased the Official Cash Rate to 2.0%. The Monetary Policy Committee also agreed to continue lifting the OCR to a level that will confidently bring consumer price inflation to within the target range.
Costa Group roses 8.59% following the company issued a trading update and forecast earnings to lift.
Brent Crude prices are rising by 0.70% as the investors weigh the supply tightness of gasoline against the possibility of economic slowdowns and continued lockdowns in China.
The Information Technology sector fell more than 2%, mirroring the renewed selling on the NASDAQ.
Dow has closed up by 0.2%, S&P 500 down by 0.8%, and NASDAQ closed down by 2.4%.
Hang Seng is up by 0.42%, and FTSE 100 is down by 0.39%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Closed Higher by 0.37%; Led By Consumer Staples And Financials
By the end of the trading session on 25 May 2022, the benchmark index S&P/ASX 200 closed higher by 0.37% and settled at 7155.20. 7 out of 11 sectors closed higher along with the ASX 200. The Consumer Staples and Financials sectors were the top 2 gaining sectors, gained 1.54% and 0.81% in their index value. On the other hand, the Information Technology and Consumer Discretionary sectors were the top 2 losing sectors, declined 2.98% and 0.60% in their index values.
S&P/ASX 200 was mainly lifted by the Consumer Staples and Financials sector. But before lunchtime in Sydney, Gold miners also dominated the ASX 200 as the Gold prices increased to $1858.41 due to a weaker U.S. dollar and lower Treasury yields amid subdued risk appetite in financial markets, helping the material sector rise.
Costa Group Holdings Limited (ASX: CGC) and Nufarm Limited (ASX: NUF) were the top gainers with 8.591% and 5.611% growth in share prices, respectively. On the other hand, BHP Group Limited (ASX: BHP) and Chalice Mining Limited (ASX: CHN) were the top losers, with a 10.000% and 6.597% drop in the share price, respectively.
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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 Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article 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, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au.au