ASX 200 gained 0.125%; Utilities sector was the top gainer
By the end of the trading session on 24 March 2022, the benchmark index gained 0.125% and settled at 7387.10, and achieved a new 20-day high. Despite ASX 200 ending in the green zone, most sectors settled in the red zone. Utilities and Energy sectors were the top gainers for the day, with 2.558% and 1.946% growth in their index values. On the other hand, Information Technology and healthcare sectors were the top losers with 0.76% and 0.61% in their index values.
The performance of the market was probably driven by fears amongst investors related to inflation due to the Russia-Ukraine war.
On ASX 200, Whitehaven Coal Limited (ASX: WHC) and Brickworks Limited (ASX: BKW) were the top gainers with 6.506% and 4.956% growth in the share prices. On the other hand, Zip Co Limited (ASX: Z1P) and PolyNovo Limited (ASX: PNV) were the top losers with a 5.168% and 4.311% drop in their share price, respectively.
Top Performers for the day:
Utilities (Up 2.558%)
Energy (Up 1.946%)
Resources (Up 1.333%)
Top Loser for the day:
Information Technology (Down 0.763%)
Healthcare (Down 0.61%)
Financial (Down 0.38%)
Other Factors influencing the market:
There is a rise in concern amongst European nations who imposed sanctions on Russia when President Vladimir Putin announced that these countries would pay in roubles for the gas sold. There is a fear that energy prices might boost in the region.
NASDAQ-100, NASDAQ-Composite, Dow Industrial, and S&P 500 settled in the red zone on 23 March 2022.
The Hang Seng is down 0.21%, and the FTSE 100 is down 0.22% today.
Top 5 Gainers and Losers:
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ASX 200 gained 0.125%; Utilities sector was the top gainer
By the end of the trading session on 24 March 2022, the benchmark index gained 0.125% and settled at 7387.10, and achieved a new 20-day high. Despite ASX 200 ending in the green zone, most sectors settled in the red zone. Utilities and Energy sectors were the top gainers for the day, with 2.558% and 1.946% growth in their index values. On the other hand, Information Technology and healthcare sectors were the top losers with 0.76% and 0.61% in their index values.
The performance of the market was probably driven by fears amongst investors related to inflation due to the Russia-Ukraine war.
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On ASX 200, Whitehaven Coal Limited (ASX: WHC) and Brickworks Limited (ASX: BKW) were the top gainers with 6.506% and 4.956% growth in the share prices. On the other hand, Zip Co Limited (ASX: Z1P) and PolyNovo Limited (ASX: PNV) were the top losers with a 5.168% and 4.311% drop in their share price, respectively.
Top Performers for the day:
Top Loser for the day:
Other 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