ASX 200 Ended Lower; Dragged Down By Utilities and Industrials Sectors
By the end of the trading session on 16 June 2022, the benchmark index S&P/ASX 200 ended lower by 0.15% and settled at 6,591.10. Out of 11 sectors, 7 sectors closed lower along with the ASX 200.
The A-REIT and Telecommunication Services sectors were the top 2 gaining sectors, gained 1.45% and 0.53% in their index values. On the other hand, the Utilities and Industrials sectors were the top 2 losing sectors, declined 1.56% and 1.24% in their index values.
Eagers Automotive Limited (ASX: APE) and Appen Limited (ASX: APX) were the top gainers with 5.442% and 5.098% growth in share prices, respectively. On the other hand, Link Administration Holdings Limited (ASX: LNK) and Inghams Group Limited (ASX: ING) were the top losers, with a 10.428% and 4.445% drop in share prices, respectively.
S&P/ASX 200 dropped marginally after lunchtime following the release of the May labor force report that showed 60,600 people found jobs in the month, more than the market expectations of employment growth of 25,000.
The Australian Bureau of Statistics (ABS) has provided an update on the unemployment rate. The Seasonally adjusted employment grew 0.5% in May 2022. This increase was the 7th consecutive surge in employment after the relaxation of lockdown restrictions in late 2021.
Eagers Automotive's share price gained after the company announced its intention to carry out on market share buyback.
Oil rose after falling almost 5% over the prior two sessions as investors weighed the outlook for supply and demand following a big interest-rate hike from the Federal Reserve and rising US crude output.
Dow has closed up by 1.0%, S&P 500 up by 1.5%, and NASDAQ closed higher by 2.5%.
Hang Seng is down by 1.53%, and FTSE 100 is up by 1.20%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower; Dragged Down By Utilities and Industrials Sectors
By the end of the trading session on 16 June 2022, the benchmark index S&P/ASX 200 ended lower by 0.15% and settled at 6,591.10. Out of 11 sectors, 7 sectors closed lower along with the ASX 200.
The A-REIT and Telecommunication Services sectors were the top 2 gaining sectors, gained 1.45% and 0.53% in their index values. On the other hand, the Utilities and Industrials sectors were the top 2 losing sectors, declined 1.56% and 1.24% in their index values.
Eagers Automotive Limited (ASX: APE) and Appen Limited (ASX: APX) were the top gainers with 5.442% and 5.098% growth in share prices, respectively. On the other hand, Link Administration Holdings Limited (ASX: LNK) and Inghams Group Limited (ASX: ING) were the top losers, with a 10.428% and 4.445% 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