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

ASX 200 gained 1.06%; All Sectors Closed In Green Zone

By the end of the trading session on 29 April 2022, the benchmark index S&P/ASX 200 closed up by 1.06% and settled at 7435.00. All 11 sectors closed higher along with the gain in ASX 200. The Information Technology and Telecommunication Services sectors were the top gainers with 2.25% and 1.89% growth in their index values.

The Information Technology sector lifted the ASX 200. The reason behind the gain is the tech stocks rally in the previous trading session in US markets.

Pointsbet Holdings Limited (ASX: PBH) and Zip Co Limited (ASX: ZIP) were the top gainers with 10.701% and 7.881% growth in the share prices, respectively. On the other hand, Unibail-Rodamco-Westfield (ASX: URW) and Domino’s Pizza Enterprises Limited (ASX: DMP) were the top losers with 4.357% and 4.137% drop in the share price respectively.

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Top Performers for the day:

  • Information Technology (Up 2.25%)
  • Telecommunication Services (Up 1.89%)
  • Consumer Discretionary (Up 1.46%)

Other Factors influencing the market:

  • The Australia Bureau of statistics posted Producer Price Index growth of 1.6% on QoQ and 4.9% on a YoY basis, the strongest annual increase since December 2008.
  • Pointsbet Holdings Limited is gaining after it reported a 34% increase in the turnover compared to the previous corresponding period. Also, the company is continuing its North American Expansion.
  • Dow has closed up by 1.9%, S&P 500 was higher by 2.5%, and NASDAQ closed up by 3.1%.
  • Hang Seng is up by 3.30%, and FTSE 100 is up by 1.13%.

Top 5 Gainers and Losers Scoreboard:

90 Day Average Volume Outlier:

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