ASX 200 Slipped 3.55%; Bloodbath In Australian Securities Exchange
By the end of the trading session on 14 June 2022, the benchmark index S&P/ASX 200 ended lower by 3.55% and settled at 6,686.00. All sectors closed lower along with the ASX 200. The Energy and Information Technology sectors were the top 2 losing sectors, declined 4.88% and 4.45% in their index values.
Polynovo Limited (ASX: PNV) and Domino’s Pizza Enterprises Limited (ASX: DMP) were the top gainers with 7.792% and 2.034% growth in share prices, respectively. On the other hand, Zip Co Limited (ASX: ZIP) and Chalice Mining Limited (ASX: CHN) were the top losers, with a 15.873% and 14.199% drop in share prices, respectively.
Australian shares fell sharply after Wall Street officially entered bear market territory on fears of aggressive U.S. interest rate hikes would push the world's largest economy into recession.
The fall in the Information Technology sector tracked a weak lead from Wall Street, where the NASDAQ dropped 4.7% as traders priced in more aggressive interest rate rises, and bond yields surged.
Investors' expectation for aggressive U.S rate hikes rose after inflation in the year to May shot up by a more than expected 8.6%.
Oil prices declined after worries that a possible recession would hit fuel demand and fresh COVID-19 curbs in China outweighed tight global supplies.
Today's fall in the shares placed the market on track for one of its worst days since the pandemic began as a strong sell-off in equity markets swept the globe.
Dow has closed down by 2.8%, S&P 500 down by 3.9%, and NASDAQ closed lower by 4.7%.
Hang Seng is up by 0.42%, and FTSE 100 is down by 1.53%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Slipped 3.55%; Bloodbath In Australian Securities Exchange
By the end of the trading session on 14 June 2022, the benchmark index S&P/ASX 200 ended lower by 3.55% and settled at 6,686.00. All sectors closed lower along with the ASX 200. The Energy and Information Technology sectors were the top 2 losing sectors, declined 4.88% and 4.45% in their index values.
Polynovo Limited (ASX: PNV) and Domino’s Pizza Enterprises Limited (ASX: DMP) were the top gainers with 7.792% and 2.034% growth in share prices, respectively. On the other hand, Zip Co Limited (ASX: ZIP) and Chalice Mining Limited (ASX: CHN) were the top losers, with a 15.873% and 14.199% drop in share prices, respectively.
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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