By the end of the trading session on 01 June 2022, the benchmark index S&P/ASX 200 ended higher by 0.32% and settled at 7,234.00. 7 out of 11 sectors closed higher along with the ASX 200. The Telecommunication Services and Financials sectors were the top 2 gaining sectors, gained 1.88% and 1.22% in their index values. On the other hand, the Utilities and Information Technology sectors were the top 2 losing sectors, declined 5.27% and 1.54% in their index value.
Shares of Lithium Miners in Australia dropped sharply after Argentina customs set a reference price of $53 a kilogram on exports after detecting irregularities with shipments. Also, Goldman Sachs warned that the price of key battery metals – cobalt, lithium, and nickel would drop over the next two years.
Fortescue Metals Group Ltd (ASX: FMG) and Telstra Corporation Limited (ASX: TLS) were the top gainers with 3.232% and 3.092% growth in share prices, respectively. On the other hand, Pilbara Minerals Limited (ASX: PLS) and Liontown Resources Limited (ASX: LTR) were the top losers, with a 22.034% and 19.082% drop in share prices, respectively.
Brent crude is rising by 1.12% after European Union leaders agreed to a partial ban on Russian oil, and China ended its COVID-19 lockdown in Shanghai, helping the energy sector rise.
Dow has closed down by 0.7%, S&P 500 dropped by 0.6%, and NASDAQ closed lower by 0.4%.
Hang Seng is down by 0.51%, and FTSE 100 is up by 0.10%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Moves Up; Led By The Communication Sector
By the end of the trading session on 01 June 2022, the benchmark index S&P/ASX 200 ended higher by 0.32% and settled at 7,234.00. 7 out of 11 sectors closed higher along with the ASX 200. The Telecommunication Services and Financials sectors were the top 2 gaining sectors, gained 1.88% and 1.22% in their index values. On the other hand, the Utilities and Information Technology sectors were the top 2 losing sectors, declined 5.27% and 1.54% in their index value.
Shares of Lithium Miners in Australia dropped sharply after Argentina customs set a reference price of $53 a kilogram on exports after detecting irregularities with shipments. Also, Goldman Sachs warned that the price of key battery metals – cobalt, lithium, and nickel would drop over the next two years.
Fortescue Metals Group Ltd (ASX: FMG) and Telstra Corporation Limited (ASX: TLS) were the top gainers with 3.232% and 3.092% growth in share prices, respectively. On the other hand, Pilbara Minerals Limited (ASX: PLS) and Liontown Resources Limited (ASX: LTR) were the top losers, with a 22.034% and 19.082% 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