ASX 200 Sharply Lower By 1.18%; A-REIT Sector Was The Biggest Laggard
By the end of the trading session on 09 May 2022, the benchmark index S&P/ASX 200 slipped 1.18% and settled at 7120.60. 8 out of 11 sectors closed lower along with the ASX 200. The A-REIT and Information Technology sectors are the top 2 losers. Both these indices declined 4.16% and 3.21% in their index value. On the other hand, the Energy and Consumer Staples are the top 2 gaining sectors, gained 0.527% and 0.197% in their index values.
The S&P/ASX 200 was down because of heavy sell-off across the real estate, IT sector, and materials sectors. Mining stocks faced pressure from reports that Shanghai is tightening its COVID-19 lockdown, sparking concerns about less demand for commodities, particularly iron ore.
Polynovo Limited (ASX: PNV) and Westpac Banking Corporation (ASX: WBC) were the top gainers with 3.333% and 3.231% growth in share prices, respectively. On the other hand, Novonix Limited (ASX: NVX) and Imugene Limited (ASX: IMU) were the top losers, with a 12.311% and 11.112% drop in the share price, respectively.
Global financial markets are also falling, concerns over interest rate hikes and the Covid-19 lockdown in China are hurting the world's No. 2 economy.
Brent crude is down by 0.27% as investors are waiting for the talks at the European Union on a Russian oil embargo that is expected to tighten global supplies.
Westpac’s share price climbed more than 2% after it reported a $3.1billion cash profit for the first half, more than expected.
Dow has closed down by 0.3%, S&P 500 declined by 0.6%, and NASDAQ closed down by 1.4%.
Hang Seng is down by 3.81%, and FTSE 100 is down by 1.54%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Sharply Lower By 1.18%; A-REIT Sector Was The Biggest Laggard
By the end of the trading session on 09 May 2022, the benchmark index S&P/ASX 200 slipped 1.18% and settled at 7120.60. 8 out of 11 sectors closed lower along with the ASX 200. The A-REIT and Information Technology sectors are the top 2 losers. Both these indices declined 4.16% and 3.21% in their index value. On the other hand, the Energy and Consumer Staples are the top 2 gaining sectors, gained 0.527% and 0.197% in their index values.
The S&P/ASX 200 was down because of heavy sell-off across the real estate, IT sector, and materials sectors. Mining stocks faced pressure from reports that Shanghai is tightening its COVID-19 lockdown, sparking concerns about less demand for commodities, particularly iron ore.
Polynovo Limited (ASX: PNV) and Westpac Banking Corporation (ASX: WBC) were the top gainers with 3.333% and 3.231% growth in share prices, respectively. On the other hand, Novonix Limited (ASX: NVX) and Imugene Limited (ASX: IMU) were the top losers, with a 12.311% and 11.112% drop in the share price, 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 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