ASX 200 Dragged Down By 1.25%; All Sectors Closed In Red Zone
By the end of the trading session on 10 June 2022, the benchmark index S&P/ASX 200 ended lower by 1.25% and settled at 6,932.00. All sectors closed lower along with the ASX 200. The A-REIT and Consumer Discretionary sectors were the top 2 losing sectors, declined 2.91% and 1.69% in their index values.
Xero Limited (ASX: XRO) and Healius Limited (ASX: HLS) were the top gainers with 4.026% and 2.127% growth in share prices, respectively. On the other hand, Pointsbet Holdings Limited (ASX: PBH) and Sims Limited (ASX: SGM) were the top losers, with a 5.786% and 5.746% drop in share prices, respectively.
The fall in the Information Technology sector mirroring the sell-off in the NASDAQ in the previous session ahead of an inflation report due today that will factor into the Federal Reserve's plan on the pace of monetary policy tightening.
Investor sentiment was influenced by the decision by European Central Bank (ECB) to signal a forthcoming interest rate increase combined with higher projections for inflation and lower growth forecast.
Oil prices have also dropped after parts of Shanghai imposed new lockdown measures.
The European Central Bank confirmed on Thursday that it would end its long-running bond-buying scheme at the start of next month and said it would raise rates by 25 basis points in July and again in September, potentially by a larger amount as it faces soaring inflation.
The materials sector is declining after the news that China will mass test residents in Shanghai.
Dow has closed down by 1.9%, S&P 500 down by 2.4%, and NASDAQ closed lower by 2.8%.
Hang Seng is up by 0.14%, and FTSE 100 is down by 1.54%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Dragged Down By 1.25%; All Sectors Closed In Red Zone
By the end of the trading session on 10 June 2022, the benchmark index S&P/ASX 200 ended lower by 1.25% and settled at 6,932.00. All sectors closed lower along with the ASX 200. The A-REIT and Consumer Discretionary sectors were the top 2 losing sectors, declined 2.91% and 1.69% in their index values.
Xero Limited (ASX: XRO) and Healius Limited (ASX: HLS) were the top gainers with 4.026% and 2.127% growth in share prices, respectively. On the other hand, Pointsbet Holdings Limited (ASX: PBH) and Sims Limited (ASX: SGM) were the top losers, with a 5.786% and 5.746% drop in share prices, respectively.
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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 2072, Australia | 1800 005 780 | info@kapitales.com.au.au