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Market Alert : Global Sell-Off Extends: Liquidity Fears and Growth Concerns Dominate

ASX 200 ends higher; Pendal Group become top performer on ASX 200

By the end of the trading session on 04 April 2022, the benchmark index ASX 200 was up marginally by 0.266% and settled at 7513.7. Out of 11 sectors, 6 sectors ended in the green zone. The utilities sector was the top gainer for the day with 1.076% and settled at 7656.4. The index improved by 1.76% in the last 5 days. The material and information technology sectors were the next two best performers with a 0.98% and 0.96% rise in their index values, respectively.

The investors’ sentiment remains mixed, probably due to the Russia-Ukraine war. Many European nations are planning new sanctions on Moscow after the Ukrainian and European Union accused Russian forces of atrocities.

From ASX 200, Pendal Group Limited (ASX: PDL) shares skyrocketed by over 18% and was the top gainer on ASX. The shares boomed post the Company announced that it received a conditional, non-binding indicative proposal from Perpetual Limited (ASX: PPT) to acquire 100% of the shares in Pendal via Scheme of Arrangement.

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Top Performers for the day:

  • Metal and Mining (Up 1.241%)
  • Utilities (Up 1.076%)
  • Resources (Up 0.986%)

Top Loser for the day:

  • Consumer Discretionary (Down 0.864%)
  • Financial (Down 0.26%)
  • Consumer Staples (Down 0.200%)

Other Factors influencing the market:

  • Crude Oil WTI Futures are trading in the green zone.
  • Gold futures are trading in green territory. Thus, many players from this sector noted growth in their share prices.
  • NASDAQ-100, NASDAQ Composite, and Dow Industrial settled up in the previous trading session.
  • Free Trade deal signed between Australia and India would have influenced the performance players from material sectors.
  • The Hang Seng is up 1.90%, and the FTSE 100 is up 0.25% today.

Top 5 Gainers and Losers Scoreboard:

90 Day Average Volume Outlier:

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