ASX 200 gained 1.1%; IT sector was the top performer
By the end of the trading session on 16 March 2022, benchmark index ASX 200 ended in the green zone, gaining 1.096% and settling at 7175.2. Over the five days, the index has gained 1.73%, however, down 3.62% for the last year to date.
All the eleven sectors on ASX ended higher along with ASX 200. Information technology was the top gainer, followed by Consumer Discretionary and Consumer Staples sector. The information technology sector moved up by 3.285% and settled at 1653.8. It gained 2.42% for the past five days.
The technology sector’s performance was driven by the strong leads on Wall Street. On ASX 200, technology player LIFE360 INC. (ASX: 360) was the top gainer with a 7.407% growth in its share price. Other technology players such as APPEN LIMITED (ASX: APX) and WiseTech Global Limited (ASX: WTC) were amongst the top five gainers on ASX with 4.776% and 4.691% growth in their share prices, respectively.
On the other hand, Super Retail Group Limited (ASX: SUL) and Nanosonics Limited (ASX: NAN) were the top losers on ASX 200.
Oil price bounced back after its previous declines as the Russian invasion of Ukraine continues to strengthen volatility trading with ceasefire talks driving the market currently.
Brent Futures have moved up again.
The Hang Seng is up 6.57%, and the FTSE 100 is down 0.25% today.
NASDAQ-100 and NASDAQ Composite were up 3.16% and 2.92% respectively.
Top 5 Gainers and Losers:
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ASX 200 gained 1.1%; IT sector was the top performer
By the end of the trading session on 16 March 2022, benchmark index ASX 200 ended in the green zone, gaining 1.096% and settling at 7175.2. Over the five days, the index has gained 1.73%, however, down 3.62% for the last year to date.
All the eleven sectors on ASX ended higher along with ASX 200. Information technology was the top gainer, followed by Consumer Discretionary and Consumer Staples sector. The information technology sector moved up by 3.285% and settled at 1653.8. It gained 2.42% for the past five days.
The technology sector’s performance was driven by the strong leads on Wall Street. On ASX 200, technology player LIFE360 INC. (ASX: 360) was the top gainer with a 7.407% growth in its share price. Other technology players such as APPEN LIMITED (ASX: APX) and WiseTech Global Limited (ASX: WTC) were amongst the top five gainers on ASX with 4.776% and 4.691% growth in their share prices, respectively.
On the other hand, Super Retail Group Limited (ASX: SUL) and Nanosonics Limited (ASX: NAN) were the top losers on ASX 200.
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Top Performers for the day:
Factors influencing the market:
Top 5 Gainers and Losers:
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