ASX 200 closes up by ~0.1%; Financial Sector was the top gainer
By the end of the trading session on 11 April 2022, the benchmark index S&P/ASX 200 closed up by 0.096% and settled at 7485.2. More sectors ended in the red zone despite the gain in ASX 200. The financial and consumer staples were the top gainers with 0.72% and 0.68% growth in the index values. On the other hand, the Information Technology and the consumer discretionary sectors were the top losers with 0.80% and 0.79% drop in the index values respectively.
The benchmark index opened higher this morning but lost momentum by midday as Australian bond yields marched to multi-year high. The announcement follows the similar growth in US treasury yield which increased three-year high of 2.7%.
On ASX 200, GrainCorp Limited (ASX: GNC) and Perseus Mining Limited (ASX: PRU) were the top gainers with 6.746% and 4.761% growth in the share prices, respectively. On the other hand, THE A2 Milk Company Limited (ASX: A2M) and PolyNovo Limited were the top losers with 5.358% and 4.978% drop in the index values respectively.
Most indices were influenced by the Chinese inflation data for March 2022. China reported more than expected inflation data. Consumer price index increased 1.5% YoY which was projected 1.3% and producer price index by 8.3% YoY which was expected 8.1%.
China’s inflation was driven by COVID-19 lockdowns and rising oil prices. COVID-19 lockdown increased food prices.
NASDAQ Composite and NASDAQ-100 dropped 1.34% and 1.41% on 08 April 2022.
The Hang Seng is down 3.31%, and the FTSE 100 is up 1.35% today.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 closes up by ~0.1%; Financial Sector was the top gainer
By the end of the trading session on 11 April 2022, the benchmark index S&P/ASX 200 closed up by 0.096% and settled at 7485.2. More sectors ended in the red zone despite the gain in ASX 200. The financial and consumer staples were the top gainers with 0.72% and 0.68% growth in the index values. On the other hand, the Information Technology and the consumer discretionary sectors were the top losers with 0.80% and 0.79% drop in the index values respectively.
The benchmark index opened higher this morning but lost momentum by midday as Australian bond yields marched to multi-year high. The announcement follows the similar growth in US treasury yield which increased three-year high of 2.7%.
On ASX 200, GrainCorp Limited (ASX: GNC) and Perseus Mining Limited (ASX: PRU) were the top gainers with 6.746% and 4.761% growth in the share prices, respectively. On the other hand, THE A2 Milk Company Limited (ASX: A2M) and PolyNovo Limited were the top losers with 5.358% and 4.978% drop in the index values 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