ASX 200 Sharply Higher; Australian Shares Bounces Back
By the end of the trading session on 13 May 2022, the benchmark index S&P/ASX 200 closed higher by 1.93% and settled at 7075.10. All 11 sectors closed higher along with the ASX 200. The Information Technology and A-REIT sectors are the top 2 gaining sectors, gained 6.95% and 3.04% in their index value.
S&P/ASX 200 moved up 1.93%, the third-biggest daily gain this year. While, ASX 200 ended the week 1.8% lower for the fourth consecutive week on the fear of global recession induced by interest rate hikes, a war in Ukraine, and slowing activity in China.
Life360 Inc (ASX: 360) and Polynovo Limited (ASX: PNV) were the top gainers with 14.332% and 14.035% growth in share prices, respectively. On the other hand, IGO Limited (ASX: IGO) and Reece Limited (ASX: REH) were the top losers, with a 3.480% and 3.103% drop in the share price, respectively.
Oil prices were higher against a pending European Union ban on Russian oil but were still set for their first weekly loss in three weeks, hit by concerns over aggressive central bank tightening, and China's COVID lockdowns slowing global growth.
Australian shares shot up more than 1% as the IT stocks took the lead after the NASDAQ bounced in the previous session.
Brent crude is rising by 1.0% even with weaker demand, helping the energy sector gain.
Strong iron ore prices have boosted metal & mining index.
Dow has closed down by 0.3%, S&P 500 declined by 0.1%, and NASDAQ closed higher by 0.1%.
Hang Seng is up by 2.3%, and FTSE 100 is down by 0.84%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Sharply Higher; Australian Shares Bounces Back
By the end of the trading session on 13 May 2022, the benchmark index S&P/ASX 200 closed higher by 1.93% and settled at 7075.10. All 11 sectors closed higher along with the ASX 200. The Information Technology and A-REIT sectors are the top 2 gaining sectors, gained 6.95% and 3.04% in their index value.
S&P/ASX 200 moved up 1.93%, the third-biggest daily gain this year. While, ASX 200 ended the week 1.8% lower for the fourth consecutive week on the fear of global recession induced by interest rate hikes, a war in Ukraine, and slowing activity in China.
Life360 Inc (ASX: 360) and Polynovo Limited (ASX: PNV) were the top gainers with 14.332% and 14.035% growth in share prices, respectively. On the other hand, IGO Limited (ASX: IGO) and Reece Limited (ASX: REH) were the top losers, with a 3.480% and 3.103% drop in the share price, respectively.
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Top Performers 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 Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article 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, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au.au