ASX 200 Dropped Sharply 0.53%; IT Sector Was The Biggest Laggard
By the end of the trading session on 10 August 2022, the benchmark index S&P/ASX 200 ended lower by 0.53% and settled at 6,992.70. Out of 11 sectors, 9 sectors closed lower along with the ASX 200.
The Utilities and Financial sectors were the top 2 gaining sectors, gained 0.90% and 0.53% in their index value. On the other hand, the Information Technology and Healthcare sectors were the top 2 losing sectors, declined 3.78% and 1.49% in their index value.
Imugene Limited (ASX: IMU) and Whitehaven Coal Limited (ASX: WHC) were the top gainers with 9.259% and 5.115% growth in share prices, respectively. On the other hand, St Barbara Limited (ASX: SBM) and Life360 Inc. (ASX: 360) were the top losers, with an 11.571% and 7.045% drop in share prices, respectively.
S&P/ASX 200 slipped 0.53% after weak inflation readings from China raised concerns over sluggish demand in the region's largest export destination, with the focus now turning to key U.S. inflation data later in the day.
A2 Milk Company's share price dropped sharply after its hopes of entering the United States baby formula market to help with the continued shortage crisis have been put on hold after a decision from a key U.S. regulator.
St Barbara Limited was the biggest laggard following its FY23 guidance disappointed investors.
GrainCorp Limited's shares jumped more than 5.104% following the company announced its upgraded earnings guidance.
Oil prices fell today, extending overnight losses after industry data showed U.S. crude stockpiles grew more than expected in the past week.
Dow has closed down 0.2%, S&P 500 down by 0.4%, and NASDAQ closed lower by 1.2%.
Hang Seng is down by 2.53%, and FTSE 100 is up by 0.08%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Dropped Sharply 0.53%; IT Sector Was The Biggest Laggard
By the end of the trading session on 10 August 2022, the benchmark index S&P/ASX 200 ended lower by 0.53% and settled at 6,992.70. Out of 11 sectors, 9 sectors closed lower along with the ASX 200.
The Utilities and Financial sectors were the top 2 gaining sectors, gained 0.90% and 0.53% in their index value. On the other hand, the Information Technology and Healthcare sectors were the top 2 losing sectors, declined 3.78% and 1.49% in their index value.
Imugene Limited (ASX: IMU) and Whitehaven Coal Limited (ASX: WHC) were the top gainers with 9.259% and 5.115% growth in share prices, respectively. On the other hand, St Barbara Limited (ASX: SBM) and Life360 Inc. (ASX: 360) were the top losers, with an 11.571% and 7.045% 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