By the end of the trading session on 06 April 2022, the benchmark index ASX 200 ended lower by 0.502% and settled at 7490.1 after setting a new 50-day high. Most sectors ended in the red zone, probably driven by the possible imposition of western sanctions on Russia over its invasion on Ukraine and concerns related to the aggressive monetary tightening by the US Federal Reserve. Out of 11 sectors, nine sectors settled in the red zone.
The Information Technology sector was the top loser with a 2.881% drop in the index values after leading the market the previous day. The resources sector that has fuelled ASX 200 for a long time also cooled during the day. This sector slipped over 1.5% and settled at 18726.5.
The financial and consumer staple sectors were the only two sectors with marginal growth of 0.696% and 0.111%, respectively.
On ASX 200, Whitehaven Coal Limited (ASX: WHC) and PolyNovo Limited were the top two gainers with 5.528% and 4.629% growth in the share price. On the other hand, Novonix Limited (ASX: NVX) and Lynas Rare Earths Limited (ASX: LYC) were the top losers, with a 6.888% and 5.959% drop in the index values.
Investors probably lost enthusiasm after RBA dropped its patient tone on the increasing interest rate and supported forecasts of a mid-year increase.
US stocks dropped on Tuesday as investors weighed the possibility of more bold actions by the Federal Reserve to control inflation.
NASDAQ-100 and NASDAQ Composite dropped 2.24% and 2.26%, respectively.
The Hang Seng is down 1.23%, and the FTSE 100 is down 0.02% today.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 ends lower; IT sector was the top loser
By the end of the trading session on 06 April 2022, the benchmark index ASX 200 ended lower by 0.502% and settled at 7490.1 after setting a new 50-day high. Most sectors ended in the red zone, probably driven by the possible imposition of western sanctions on Russia over its invasion on Ukraine and concerns related to the aggressive monetary tightening by the US Federal Reserve. Out of 11 sectors, nine sectors settled in the red zone.
The Information Technology sector was the top loser with a 2.881% drop in the index values after leading the market the previous day. The resources sector that has fuelled ASX 200 for a long time also cooled during the day. This sector slipped over 1.5% and settled at 18726.5.
The financial and consumer staple sectors were the only two sectors with marginal growth of 0.696% and 0.111%, respectively.
On ASX 200, Whitehaven Coal Limited (ASX: WHC) and PolyNovo Limited were the top two gainers with 5.528% and 4.629% growth in the share price. On the other hand, Novonix Limited (ASX: NVX) and Lynas Rare Earths Limited (ASX: LYC) were the top losers, with a 6.888% and 5.959% drop in the index values.
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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