ASX 200 Closed Lower By 0.32%; Consumer Discretionary Sector Was The Biggest Laggard
By the end of the trading session on 03 August 2022, the benchmark index S&P/ASX 200 ended lower by 0.32% and settled at 6,975.90. Out of 11 sectors, 9 sectors closed lower along with the ASX 200.
The Information Technology and Materials sectors were the top 2 gaining sectors, gained 2.18% and 0.35% in their index value. On the other hand, the Consumer Discretionary and Consumer Staples sectors were the top 2 losing sectors, declined 1.23% and 0.92% in their index value.
Pinnacle Investment Management Group Limited (ASX: PNI) and Tyro Payments Limited (ASX: TYR) were the top gainers with 12.214% and 9.615% growth in share prices, respectively. On the other hand, Centuria Industrial REIT (ASX: CIP) and The Star Entertainment Group Limited (ASX: SGR) were the top losers, with a 4.014% and 3.560% drop in share prices, respectively.
S&P/ASX 200 closed lower by 0.32% after the U.S. Federal Reserve signaled no let-up in its tightening pace to rein in inflation as some investors had hoped.
Pinnacle Investment’s share price jumped after reporting higher profits than expected.
The consumer discretionary sector led the losses, down 1.2%, after retail volume data suggested signs of a cooling-off in shoppers’ spending.
After its biggest three-week surge against major peers overnight, the U.S. dollar remained elevated on Wednesday, with Federal Reserve officials talking up the potential for further aggressive interest rate hikes.
Oil prices fell about 1% in early trade, reversing gains from the previous session ahead of a meeting of OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar.
Dow has closed down 1.2%, S&P 500 down by 0.7%, and NASDAQ closed lower by 0.2%.
Hang Seng is up by 0.41%, and FTSE 100 is down by 0.06%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Lower By 0.32%; Consumer Discretionary Sector Was The Biggest Laggard
By the end of the trading session on 03 August 2022, the benchmark index S&P/ASX 200 ended lower by 0.32% and settled at 6,975.90. Out of 11 sectors, 9 sectors closed lower along with the ASX 200.
The Information Technology and Materials sectors were the top 2 gaining sectors, gained 2.18% and 0.35% in their index value. On the other hand, the Consumer Discretionary and Consumer Staples sectors were the top 2 losing sectors, declined 1.23% and 0.92% in their index value.
Pinnacle Investment Management Group Limited (ASX: PNI) and Tyro Payments Limited (ASX: TYR) were the top gainers with 12.214% and 9.615% growth in share prices, respectively. On the other hand, Centuria Industrial REIT (ASX: CIP) and The Star Entertainment Group Limited (ASX: SGR) were the top losers, with a 4.014% and 3.560% 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