ASX 200 Dropped Sharply By 0.95%; All Sectors Closed Lower
By the end of the trading session on 22 August 2022, the benchmark index S&P/ASX 200 ended lower by 0.95% and settled at 7,046.90. All 11 sectors closed lower along with the ASX 200. The Consumer Discretionary and Information Technology sectors were the top 2 losing sectors, declined 1.94% and 1.48% in their index values.
NIB Holdings Limited (ASX: NHC) and EML Payments Limited (ASX: EML) were the top gainers with 7.015% and 6.132% growth in share prices, respectively. On the other hand, Adbri Limited (ASX: ABC) and Magellan Financial Group Limited (ASX: MFG) were the top losers, with a 16.918% and 9.910% drop in share prices, respectively.
S&P/ASX 200 ended lower, and the dollar extended its climb amid global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market.
Adbri Limited’s share price declined 16.91% to $2.21 after reporting a fall in profit and dividends in the half year to June due to wet weather disruptions, and soaring fuel and energy prices ate into profits.
Reliance Worldwide tumbled 6.209% to $4.23 after reporting a slide in its profits in the 2022 financial year.
China cut its benchmark lending rates today, adding to easing measures announced last week, as Beijing steps up efforts to spur credit demand in an economy affected by a property crisis and a resurgence of COVID infections.
Oil prices are falling today, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand.
Dow has closed down 0.9%, S&P 500 down by 1.3%, and NASDAQ closed lower by 2.0%.
Hang Seng is down 0.23%, and FTSE 100 is up by 0.11%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Dropped Sharply By 0.95%; All Sectors Closed Lower
By the end of the trading session on 22 August 2022, the benchmark index S&P/ASX 200 ended lower by 0.95% and settled at 7,046.90. All 11 sectors closed lower along with the ASX 200. The Consumer Discretionary and Information Technology sectors were the top 2 losing sectors, declined 1.94% and 1.48% in their index values.
NIB Holdings Limited (ASX: NHC) and EML Payments Limited (ASX: EML) were the top gainers with 7.015% and 6.132% growth in share prices, respectively. On the other hand, Adbri Limited (ASX: ABC) and Magellan Financial Group Limited (ASX: MFG) were the top losers, with a 16.918% and 9.910% 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 2067, Australia | 1800 005 780 | info@kapitales.com.au.au