ASX 200 Slipped 1.42%; Materials Sector Was The Biggest Laggard
By the end of the trading session on 09 June 2022, the benchmark index S&P/ASX 200 ended lower by 1.42% and settled at 7,019.70. 10 out of 11 sectors closed lower along with the ASX 200. The Energy sector was the only gaining sector, gained 0.56% in its index value. On the other hand, the Materials and Financial sectors were the top 2 losing sectors, declined 2.23% and 2.07% in their index values.
Skycity Entertainment Group Limited (ASX: SKC) and Magellan Financial Group Limited (ASX: MFG) were the top gainers with 2.834% and 2.151% growth in share prices, respectively. On the other hand, Lifestyle Communities Limited (ASX: LIC) and Appen Limited (ASX: APX) were the top losers, with a 7.659% and 7.095% drop in share prices, respectively.
Major Banks are declining after the Reserve Bank of Australia raised the interest rate more than expected earlier this week, fuelled fears about their profit margins if bad loans increased.
Crown Resorts' share price rose to 1.96% following the Victorian and NSW casino watchdogs have both given the green light to Blackstone's $8.9 billion takeover of Crown Resorts, with the third and final state-based regulator in Western Australia expected to approve it within weeks.
Magellan Financial's share price jumped 2.151% after co-founder Hamish Douglass announced that he would take a consultancy role within the company and cease being a staff member from next week.
Brent Crude prices are higher, underpinned by robust demand in the world's top consumer United States and demand is expected to rebound in China as it relaxes strict COVID lockdowns. Also, China reported stronger-than-expected exports in May.
Dow has closed down by 0.8%, S&P 500 down by 1.1%, and NASDAQ closed lower by 0.7%.
Hang Seng is down by 1.02%, and FTSE 100 is down by 0.08%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Slipped 1.42%; Materials Sector Was The Biggest Laggard
By the end of the trading session on 09 June 2022, the benchmark index S&P/ASX 200 ended lower by 1.42% and settled at 7,019.70. 10 out of 11 sectors closed lower along with the ASX 200. The Energy sector was the only gaining sector, gained 0.56% in its index value. On the other hand, the Materials and Financial sectors were the top 2 losing sectors, declined 2.23% and 2.07% in their index values.
Skycity Entertainment Group Limited (ASX: SKC) and Magellan Financial Group Limited (ASX: MFG) were the top gainers with 2.834% and 2.151% growth in share prices, respectively. On the other hand, Lifestyle Communities Limited (ASX: LIC) and Appen Limited (ASX: APX) were the top losers, with a 7.659% and 7.095% 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