ASX 200 ends low; Telecom sector was the worst performer Â
By the end of the trading session on 01 April 2022, the benchmark index ASX 200 dropped 0.077% and settled at 7493.8. Out of 11 sectors, seven sectors settled in the red zone. Telecommunication and consumer discretionary were the top losers for the day with a 1.46 and 1.39% drop in the index value. On the other hand, the materials and the energy sectors were the top gainers with a 1.33% and 1.21% surge in the index values. The material sector gained 3.65% for the past five days.
Most stocks slipped on rising concerns of investors worried about the impact of the Russia-Ukraine war, followed by a rising risk of recession.
On Thursday, Russian President Vladimir Putin attacked Western sanctions on Moscow and threatened to halt the deals related to supplying the third of gas unless they pay in roubles. Thus, it results in the gloomy mood of investors due to possible supply disruption and rising raw material prices.
Crude Oil WTI Futures are trading in the red zone.
Gold futures slipped due to the strengthening US Dollar and rising bond yield. It is also driven by the lack of progress between Russia and Ukraine peace talk.
NASDAQ-100, NASDAQ Composite, and Dow Industrial dropped the previous day.
The Hang Seng is down 0.94%, and the FTSE 100 is down by 0.83% today.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
Customer Notice:
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ASX 200 ends low; Telecom sector was the worst performer Â
By the end of the trading session on 01 April 2022, the benchmark index ASX 200 dropped 0.077% and settled at 7493.8. Out of 11 sectors, seven sectors settled in the red zone. Telecommunication and consumer discretionary were the top losers for the day with a 1.46 and 1.39% drop in the index value. On the other hand, the materials and the energy sectors were the top gainers with a 1.33% and 1.21% surge in the index values. The material sector gained 3.65% for the past five days.
Most stocks slipped on rising concerns of investors worried about the impact of the Russia-Ukraine war, followed by a rising risk of recession.
On Thursday, Russian President Vladimir Putin attacked Western sanctions on Moscow and threatened to halt the deals related to supplying the third of gas unless they pay in roubles. Thus, it results in the gloomy mood of investors due to possible supply disruption and rising raw material prices.
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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