ASX 200 Ended Higher By 0.26%; Ahead of U.S. Fed Meeting
By the end of the trading session on 26 July 2022, the benchmark index S&P/ASX 200 ended higher by 0.26% and settled at 6,807.30. Out of 11 sectors, 6 sectors closed higher along with the ASX 200.
The Energy and Materials sectors were the top 2 gaining sectors, gained 2.82% and 1.60% in their index value. On the other hand, the Consumer Discretionary and Healthcare sectors were the top 2 losing sectors, declined 1.71% and 0.89% in their index values.
Zip Co Limited (ASX: ZIP) and Paladin Energy Limited (ASX: PDN) were the top gainers with 19.883% and 8.130% growth in share prices, respectively. On the other hand, Iress Limited (ASX: IRE) and Flight Centre Travel Group Limited (ASX: FLT) were the top losers, with a 6.554% and 5.619% drop in share prices, respectively.
S&P/ASX 200 ended higher as investors look ahead to the Federal Reserve meeting and the potential for strong earnings results later in the week.
The Energy sector gained 2.82% amid surging oil and gas prices. The energy sector led the U.S. market overnight as oil rose above $US96 a barrel. Tight near-term supplies outweighed expectations of another rate hike this week and an eventual economic slowdown.
Paladin Energy Limited's share price gained as the company announced positive quarterly results.
Iress Limited's share price declined more than 6% following the company announced the resignation of chief executive Andrew Walsh on Monday.
Oil prices are gaining on expectations that Russia's reduction in natural gas supply to Europe could encourage a switch to crude, though concerns over weakening fuel demand because of an expected increase in U.S. interest rates limited gains.
Dow has closed flat, S&P 500 down by 0.1%, and NASDAQ closed lower by 0.7%.
Hang Seng is up by 1.73%, and FTSE 100 is up by 0.41%.
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
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX 200 Ended Higher By 0.26%; Ahead of U.S. Fed Meeting
By the end of the trading session on 26 July 2022, the benchmark index S&P/ASX 200 ended higher by 0.26% and settled at 6,807.30. Out of 11 sectors, 6 sectors closed higher along with the ASX 200.
The Energy and Materials sectors were the top 2 gaining sectors, gained 2.82% and 1.60% in their index value. On the other hand, the Consumer Discretionary and Healthcare sectors were the top 2 losing sectors, declined 1.71% and 0.89% in their index values.
Zip Co Limited (ASX: ZIP) and Paladin Energy Limited (ASX: PDN) were the top gainers with 19.883% and 8.130% growth in share prices, respectively. On the other hand, Iress Limited (ASX: IRE) and Flight Centre Travel Group Limited (ASX: FLT) were the top losers, with a 6.554% and 5.619% drop in share prices, respectively.
Copyright © 2022 Kapitales Research
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:
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