ASX 200 Ended Higher By 0.58%; Closed At Two-Month Higher
By the end of the trading session on 05 August 2022, the benchmark index S&P/ASX 200 ended higher by 0.58% and settled at 7,015.60. Out of 11 sectors, 6 sectors closed higher along with the ASX 200.
The Materials and Consumer Staples sectors were the top 2 gaining sectors, gained 1.87% and 1.33% in their index value. On the other hand, the Energy and Information Technology sectors were the top 2 losing sectors, declined 1.44% and 1.25% in their index value.
Novonix Limited (ASX: NVX) and Liontown Resource Limited (ASX: LTR) were the top gainers with 13.653% and 6.737% growth in share prices, respectively. On the other hand, Megaport Limited (ASX: MP1) and Viva Energy Group Limited (ASX: VEA) were the top losers, with a 7.120% and 4.529% drop in share prices, respectively.
The Reserve Bank has outlined the challenge it expects to face to counter decade-high inflation levels, forecasting high prices throughout next year and an unemployment rate at or below 4% until the end of 2024.
Energy stocks were broadly lower after the price of US oil fell below US$90 a barrel for the first time since the Russian war in Ukraine; Ampol Limited fell 2.77% to $32.290, and Beach Energy declined 2.80% to $1.730.
The materials sector closed higher, lifted by a rally in gold stocks as the precious metal’s price hit a one-month high; Ramelius Resources climbed 6.7% to $1.11, and Silver Lake Resources rose 6.7% to $1.54.
Oil prices extended losses today, after hitting their lowest since before Russia invaded Ukraine in February, as the market worried over the impact of inflation on global economic growth and demand.
Dow has closed down 0.3%, S&P 500 down by 0.1%, and NASDAQ closed higher by 0.4%.
Hang Seng is up by 0.35%, and FTSE 100 is up by 0.03%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Higher By 0.58%; Closed At Two-Month Higher
By the end of the trading session on 05 August 2022, the benchmark index S&P/ASX 200 ended higher by 0.58% and settled at 7,015.60. Out of 11 sectors, 6 sectors closed higher along with the ASX 200.
The Materials and Consumer Staples sectors were the top 2 gaining sectors, gained 1.87% and 1.33% in their index value. On the other hand, the Energy and Information Technology sectors were the top 2 losing sectors, declined 1.44% and 1.25% in their index value.
Novonix Limited (ASX: NVX) and Liontown Resource Limited (ASX: LTR) were the top gainers with 13.653% and 6.737% growth in share prices, respectively. On the other hand, Megaport Limited (ASX: MP1) and Viva Energy Group Limited (ASX: VEA) were the top losers, with a 7.120% and 4.529% 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