ASX 200 Tumbled 1.75%; Selling To Resume As U.S. Inflation Runs Hot
By the end of the trading session on 12 May 2022, the benchmark index S&P/ASX 200 closed sharply lower by 1.75% and settled at 6941.00. All 11 sectors closed lower along with the ASX 200. The Information Technology and Energy sectors are the top 2 losing sectors, declined 8.70% and 2.27% in their index value.
S&P/ASX200 dragged down by 1.75% on Thursday following a decline in U.S. shares in the previous session after headline U.S. consumer prices rose 8.3% for the 12 months in April, which was higher than expected.
Orica Limited (ASX: ORI) and AGL Energy Limited (ASX: AGL) were the top gainers with 4.658% and 1.709% growth in share prices, respectively. On the other hand, Altium Limited (ASX: ALU) and Life360 Inc (ASX: 360) were the top losers, with a 16.695% and 12.035% drop in the share price respectively.
Xero Limited shares fell as the company’s revenue increased 29% to $1 billion in the year to the end of March, but it has posted a net loss of $8.3 million for the year compared with a profit of $17.9 million in the prior year.
Orica Limited’s share price rose after the company announced that its revenue grew by 25% to $3.3 billion, while the underlying profit increased to $129.2 million.
Brent Crude is falling by more than 1%, causing the energy sector to be closed lower.
Inflation and rising interest rates are impacting investors’ sentiment.
Dow has closed down by 1.0%, S&P 500 declined by 1.7%, and NASDAQ closed down by 3.2%.
Hang Seng is down by 1.83%, and FTSE 100 is up by 1.44%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 Tumbled 1.75%; Selling To Resume As U.S. Inflation Runs Hot
By the end of the trading session on 12 May 2022, the benchmark index S&P/ASX 200 closed sharply lower by 1.75% and settled at 6941.00. All 11 sectors closed lower along with the ASX 200. The Information Technology and Energy sectors are the top 2 losing sectors, declined 8.70% and 2.27% in their index value.
S&P/ASX200 dragged down by 1.75% on Thursday following a decline in U.S. shares in the previous session after headline U.S. consumer prices rose 8.3% for the 12 months in April, which was higher than expected.
Orica Limited (ASX: ORI) and AGL Energy Limited (ASX: AGL) were the top gainers with 4.658% and 1.709% growth in share prices, respectively. On the other hand, Altium Limited (ASX: ALU) and Life360 Inc (ASX: 360) were the top losers, with a 16.695% and 12.035% drop in the share price respectively.
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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