ASX 200 Ended Lower 0.64%; Energy Sector Was The Biggest Laggard
By the end of the trading session on 20 June 2022, the benchmark index S&P/ASX 200 ended lower by 0.64% and settled at 6,433.40. Out of 11 sectors, 7 sectors closed higher despite the gain in the ASX 200.
The A-REIT and Consumer Discretionary were the top 2 gaining sectors, gained 3.62% and 2.77% in their index values. On the other hand, the Energy and Materials sectors were the top 2 losing sectors, declined 5.19% and 4.63% in their index values.
PointsBet Holdings Limited (ASX: PBH) and Appen Limited (ASX: APX) were the top gainers with 18.604% and 9.677% growth in share prices, respectively. On the other hand, Paladin Energy Limited (ASX: PDN) and Champion Iron Limited (ASX: CIA) were the top losers, with a 13.077% and 11.941% drop in share prices, respectively.
The S&P/ASX 200 was weighed down by heavy losses across the energy and materials sectors as commodity prices fell due to concerns about global growth. The materials sector had its worst session in around eight weeks.
Oil prices are lower as worries about slowing global economic growth, fuel demand, and uncertainty weighed on markets after numerous interest rate hikes around the world, which is causing the energy sector to fall.
The materials sector dropped sharply after Iron ore futures in China dropped in early trade as concerns mounted about an economic slowdown and its impact on steel demand.
Pointsbet Holdings’ share price gained after the company has secured a $94.16 million investment from SIG Sports Investment Corp.
Dow has closed down by 0.1%, S&P 500 up by 0.2%, and NASDAQ closed higher by 1.4%.
Hang Seng is up by 0.40%, and FTSE 100 is down by 0.41%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower 0.64%; Energy Sector Was The Biggest Laggard
By the end of the trading session on 20 June 2022, the benchmark index S&P/ASX 200 ended lower by 0.64% and settled at 6,433.40. Out of 11 sectors, 7 sectors closed higher despite the gain in the ASX 200.
The A-REIT and Consumer Discretionary were the top 2 gaining sectors, gained 3.62% and 2.77% in their index values. On the other hand, the Energy and Materials sectors were the top 2 losing sectors, declined 5.19% and 4.63% in their index values.
PointsBet Holdings Limited (ASX: PBH) and Appen Limited (ASX: APX) were the top gainers with 18.604% and 9.677% growth in share prices, respectively. On the other hand, Paladin Energy Limited (ASX: PDN) and Champion Iron Limited (ASX: CIA) were the top losers, with a 13.077% and 11.941% 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 2072, Australia | 1800 005 780 | info@kapitales.com.au.au