ASX 200 Ended Lower; IT Sector Was The Biggest Laggard
By the end of the trading session on 25 July 2022, the benchmark index S&P/ASX 200 ended lower by 0.02% and settled at 6,789.90. Out of 11 sectors, 7 sectors closed lower along with the ASX 200.
The Utilities and Materials sectors were the top 2 gaining sectors, gained 1.08% and 1.08% in their index value. On the other hand, the Information Technology and Telecommunication Services sectors were the top 2 losing sectors, declined 1.51% and 1.15% in their index values.
Insurance Australia Group Limited (ASX: IAG) and Unibail-Rodamco-Westfield (ASX: URW) were the top gainers with 5.938% and 5.191% growth in share prices, respectively. On the other hand, EML Payments Limited (ASX: EML) and Appen Limited (ASX: APX) were the top losers, with a 22.176% and 15.023% drop in share prices, respectively.
S&P/ASX 200 closed flat as worries about a global economic downturn sapped investors' risk appetite.
The Technology sector was the biggest laggard, mirroring heavy losses in NASDAQ after social media company Snap Inc. posted a poor profit report and weak advertising sales.
EML Payments Limited’s share price lost more than 22% after the company flagged delays in implementing a remediation plan on behalf of the Bank of Ireland at its PFS Card Services business in Ireland.
FLT’s share price gained after the company announced that it expects to report an underlying EBITDA loss between AU$180 million and AU$190 million for the full year, which is less than the previous guidance.
Oil prices are falling on concerns that an expected interest rate hike from the U.S. Federal Reserve could dent fuel demand.
Dow has closed down by 0.4%, S&P 500 down by 0.9%, and NASDAQ closed higher by 1.9%.
Hang Seng is down by 0.42%, and FTSE 100 is down by 0.32%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower; IT Sector Was The Biggest Laggard
By the end of the trading session on 25 July 2022, the benchmark index S&P/ASX 200 ended lower by 0.02% and settled at 6,789.90. Out of 11 sectors, 7 sectors closed lower along with the ASX 200.
The Utilities and Materials sectors were the top 2 gaining sectors, gained 1.08% and 1.08% in their index value. On the other hand, the Information Technology and Telecommunication Services sectors were the top 2 losing sectors, declined 1.51% and 1.15% in their index values.
Insurance Australia Group Limited (ASX: IAG) and Unibail-Rodamco-Westfield (ASX: URW) were the top gainers with 5.938% and 5.191% growth in share prices, respectively. On the other hand, EML Payments Limited (ASX: EML) and Appen Limited (ASX: APX) were the top losers, with a 22.176% and 15.023% drop in share prices, respectively.
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Top Performers for the day:
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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