ASX 200 Closed Lower By 0.43%; Heavy Sell-Off Drags ASX Lower
By the end of the trading session on 01 July 2022, the benchmark index S&P/ASX 200 ended lower by 0.43% and settled at 6,539.90. Out of 11 sectors, 8 sectors closed higher despite the decline in the ASX 200.
The A-REIT and Utilities sectors were the top 2 gaining sectors, gained 1.53% and 1.17% in their index values. On the other hand, the Energy and Materials sectors were the top 2 declining sectors, declined 3.37% and 2.05% in their index values.
Mesoblast Limited (ASX: MSB) and Zip Co Limited (ASX: ZIP) were the top gainers with 11.475% and 9.090% growth in share prices, respectively. On the other hand, Liontown Resources Limited (ASX: LTR) and Woodside Energy Group Ltd (ASX: WDS) were the top losers, with a 5.214% and 4.366% drop in share prices, respectively.
The Australian share market was up as much as 0.85% in early trading, but heavy selling into the close caused it to drop more than 0.43% in the final minutes of trading.
All three major US stock indexes finished the month and the second quarter in negative territory, with the S&P 500 notching its steepest first-half percentage drop since 1970. The NASDAQ had its largest-ever January-June percentage drop, while the Dow suffered its biggest first-half percentage plunge since 1962.
Regis Resources jumped 8.07% to $1.40. Street Talk reported that Andrew Forrest’s Wyloo had walked away from plans to increase its stake in the gold miner significantly.
The Australian dollar has dropped 1.1% on Friday to US68.26¢, its lowest level since June 2020. The currency has fallen 1.66% since last Friday.
The major miners fell after a further decline in iron ore prices. BHP shed 2.909% to $40.05, Rio Tinto dropped 2.297% to $100.34 and Fortescue declined 3.023% to $17.00.
Dow has closed down by 0.5%, S&P 500 down by 0.4%, and NASDAQ closed lower by 0.7%.
Hang Seng is down by 0.62%, and FTSE 100 is down by 1.96%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Lower By 0.43%; Heavy Sell-Off Drags ASX Lower
By the end of the trading session on 01 July 2022, the benchmark index S&P/ASX 200 ended lower by 0.43% and settled at 6,539.90. Out of 11 sectors, 8 sectors closed higher despite the decline in the ASX 200.
The A-REIT and Utilities sectors were the top 2 gaining sectors, gained 1.53% and 1.17% in their index values. On the other hand, the Energy and Materials sectors were the top 2 declining sectors, declined 3.37% and 2.05% in their index values.
Mesoblast Limited (ASX: MSB) and Zip Co Limited (ASX: ZIP) were the top gainers with 11.475% and 9.090% growth in share prices, respectively. On the other hand, Liontown Resources Limited (ASX: LTR) and Woodside Energy Group Ltd (ASX: WDS) were the top losers, with a 5.214% and 4.366% 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