ASX 200 Slipped 1.03%; All Sectors Closed In Red Zone
By the end of the trading session on 31 May 2022, the benchmark index S&P/ASX 200 ended lower by 1.03% and settled at 7,211.20. All 11 sectors closed lower along with the ASX 200. The Financial and Information Technology sectors were the top 2 losing sectors, declined 1.99% and 1.94% in their index value.
Beach Energy Limited (ASX: BPT) and Whitehaven Coal Limited (ASX: WHC) were the top gainers with 5.182% and 3.529% growth in share prices, respectively. On the other hand, Tyro Payments Limited (ASX: TYR) and Suncorp Group Limited (ASX: SUN) were the top losers, with a 6.608% and 6.354% drop in share prices, respectively.
Suncorp Group’s share price dropped by 6.354% after Morgan Stanely has slashed its valuation from $12.50 per share to $10.50 per share with an underweight rating. It also mentioned that Suncorp is exposed to climate catastrophe structural risks.
Commodity prices jumped after China reported less than 100 new COVID-19 cases on Monday, and the government also eased restrictions that have suffocated the world’s second-largest economy, indicating optimism about a rebound in demand for raw materials.
Brent crude oil is gaining 1.67% to $119.64 after European Union agreed to pursue a partial ban on imports of crude from Russia to increase pressure on Moscow for its invasion of Ukraine.
Hang Seng is up by 0.87%, and FTSE 100 is up by 0.19%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Slipped 1.03%; All Sectors Closed In Red Zone
By the end of the trading session on 31 May 2022, the benchmark index S&P/ASX 200 ended lower by 1.03% and settled at 7,211.20. All 11 sectors closed lower along with the ASX 200. The Financial and Information Technology sectors were the top 2 losing sectors, declined 1.99% and 1.94% in their index value.
Beach Energy Limited (ASX: BPT) and Whitehaven Coal Limited (ASX: WHC) were the top gainers with 5.182% and 3.529% growth in share prices, respectively. On the other hand, Tyro Payments Limited (ASX: TYR) and Suncorp Group Limited (ASX: SUN) were the top losers, with a 6.608% and 6.354% 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 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