ASX 200 Ended Higher By 1.65%; All 11 Sectors Closed Higher
By the end of the trading session on 20 July 2022, the benchmark index S&P/ASX 200 ended higher by 1.65% and settled at 6,759.20. All 11 sectors closed higher along with the ASX 200. The Information Technology and Materials sectors were the top 2 gaining sectors, gained 3.77% and 2.50% in their index value.
Megaport Limited (ASX: MP1) and Zip Co Limited (ASX: ZIP) were the top gainers with 23.029% and 12.711% growth in share prices, respectively. On the other hand, NIB Holdings Limited (ASX: NHF) and Pendal Group Limited (ASX: PDL) were the top losers, with a 3.192% and 2.032% drop in share prices, respectively.
S&P/ASX 200 extended a global rally as strong U.S. corporate earnings and the expected resumption of Russian gas supply to Europe helped lift sentiment and ease fears of a recession, while the dollar was mired near two-week lows.
Australian Technology stocks rocketed at the open after the NASDAQ composite roared 2.9% higher overnight. The sector added 3.77% as shares in Megaport rose 23.02%, Brainchip climbed 14.141%, and Life360 added 8.43%.
Megaport Limited’s share price skyrocketed following the company reported fourth-quarter revenue of $30.6 million, a 10% improvement on Q3.
Oil prices fell slightly amid pressure from global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.
Dow has closed up by 2.2%, S&P 500 up by 2.7%, and NASDAQ closed higher by 2.9%.
Hang Seng is up by 1.26%, and FTSE 100 is up by 1.01%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Higher By 1.65%; All 11 Sectors Closed Higher
By the end of the trading session on 20 July 2022, the benchmark index S&P/ASX 200 ended higher by 1.65% and settled at 6,759.20. All 11 sectors closed higher along with the ASX 200. The Information Technology and Materials sectors were the top 2 gaining sectors, gained 3.77% and 2.50% in their index value.
Megaport Limited (ASX: MP1) and Zip Co Limited (ASX: ZIP) were the top gainers with 23.029% and 12.711% growth in share prices, respectively. On the other hand, NIB Holdings Limited (ASX: NHF) and Pendal Group Limited (ASX: PDL) were the top losers, with a 3.192% and 2.032% drop in share prices, respectively.
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Top Performers for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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