ASX 200 Ended Lower By 0.52%; Dragged Down By Energy and Materials Sectors
By the end of the trading session on 06 July 2022, the benchmark index S&P/ASX 200 ended lower by 0.52% and settled at 6,594.50. Out of 11 sectors, 8 sectors closed higher despite the decline in the ASX 200.
The A-REIT and Information Technology sectors were the top 2 gaining sectors, gained 3.16% and 3.09% in their index values. On the other hand, Energy and Materials were the top 2 losing sectors, declined 5.81% and 5.03% in their index values.
Megaport Limited (ASX: MP1) and Life360 Inc (ASX: 360) were the top gainers with 14.025% and 13.888% growth in share prices, respectively. On the other hand, St. Barbara Limited (ASX: SBM) and Champion Iron Limited (ASX: CIA) were the top losers, with a 9.498% and 8.654% drop in share prices, respectively.
S&P/ASX closed 0.52% lower that saw commodity and bond prices flash warnings around the potential for a looming recession.
Oil prices declined sharply in the biggest daily drop since March on growing fears of a global recession and lockdown in China that could slash demand.
Bond yield also continued to fall as investors bought treasuries to shelter from the worst impact of an economic downturn.
Australian shares closed down 0.52%, with a plunge in the price of oil and metals prices dragging BHP Billiton and Fortescue down 5.60% and 4.84%, respectively.
The gain in the Information Technology sector mirrors the gain in NASDAQ in the previous session.
Dow has closed down by 0.4%, S&P 500 up by 0.2%, and NASDAQ closed higher by 1.8%.
Hang Seng is down by 2.08%, and FTSE 100 is down by 2.86%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower By 0.52%; Dragged Down By Energy and Materials Sectors
By the end of the trading session on 06 July 2022, the benchmark index S&P/ASX 200 ended lower by 0.52% and settled at 6,594.50. Out of 11 sectors, 8 sectors closed higher despite the decline in the ASX 200.
The A-REIT and Information Technology sectors were the top 2 gaining sectors, gained 3.16% and 3.09% in their index values. On the other hand, Energy and Materials were the top 2 losing sectors, declined 5.81% and 5.03% in their index values.
Megaport Limited (ASX: MP1) and Life360 Inc (ASX: 360) were the top gainers with 14.025% and 13.888% growth in share prices, respectively. On the other hand, St. Barbara Limited (ASX: SBM) and Champion Iron Limited (ASX: CIA) were the top losers, with a 9.498% and 8.654% 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