ASX 200 Dragged Down By 0.80%; Tech And Healthcare Stocks Sends ASX Lower
By the end of the trading session on 02 June 2022, the benchmark index S&P/ASX 200 ended lower by 0.80% and settled at 7,175.90. 9 out of 11 sectors closed lower along with the ASX 200. The Energy and Utilities sectors were the top 2 gaining sectors, gained 3.06% and 1.13% in their index values. On the other hand, the Information Technology and Healthcare sectors were the top 2 losing sectors, declined 2.47% and 1.83% in their index value.
S&P/ASX 200 was mainly dragged down by Healthcare and Information Technology sectors. The Healthcare sector dropped 1.83% as Polynovo Limited, Nanosonics Limited, and Telix Pharmaceuticals declined by 5.858%, 5.406%, and 5.813%, respectively.
Woodside Energy Group Ltd (ASX: WDS) and Tabcorp Holdings Limited (ASX: TAH) were the top gainers with 5.167% and 4.972% growth in share prices, respectively. On the other hand, Megaport Limited (ASX: MP1) and Polynovo Limited (ASX: PNV) were the top losers, with a 6.044% and 5.858% drop in share prices, respectively.
Australian shares fell on widespread investor concern over high inflation and the threat of recession.
Woodside Energy’s share price gained 5.167% following the completion of its merger with BHP Group.
Brent crude oil prices are falling by 1.57% to $114.50 per barrel as Saudi Arabia may raise production to compensate for the loss of Russian oil.
Dow has closed down by 0.5%, S&P 500 dropped by 0.8%, and NASDAQ closed lower by 0.7%.
Hang Seng is down by 1.12%, 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 Dragged Down By 0.80%; Tech And Healthcare Stocks Sends ASX Lower
By the end of the trading session on 02 June 2022, the benchmark index S&P/ASX 200 ended lower by 0.80% and settled at 7,175.90. 9 out of 11 sectors closed lower along with the ASX 200. The Energy and Utilities sectors were the top 2 gaining sectors, gained 3.06% and 1.13% in their index values. On the other hand, the Information Technology and Healthcare sectors were the top 2 losing sectors, declined 2.47% and 1.83% in their index value.
S&P/ASX 200 was mainly dragged down by Healthcare and Information Technology sectors. The Healthcare sector dropped 1.83% as Polynovo Limited, Nanosonics Limited, and Telix Pharmaceuticals declined by 5.858%, 5.406%, and 5.813%, respectively.
Woodside Energy Group Ltd (ASX: WDS) and Tabcorp Holdings Limited (ASX: TAH) were the top gainers with 5.167% and 4.972% growth in share prices, respectively. On the other hand, Megaport Limited (ASX: MP1) and Polynovo Limited (ASX: PNV) were the top losers, with a 6.044% and 5.858% drop in share prices, 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 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