By the end of day’s trade on 19 May 2022, benchmark index ASX 200 moved up 1.15% to 7,145.60. The index bounced back strongly from the last day’s session following the positive lead from Asia after China cut a key lending benchmark. China has cut key interest rate to support the property market and lessen the pain due to COVID-19 lockdowns.
Out of 11 sectors, 9 sectors ended the session in the green zone. The Information Technology and Materials sectors were the top gainers with a growth of 4.56% and 2.2% in their share price, respectively. On the other hand, the Energy sector and A-REIT were the top two losers with 1.63% and 0.213% drop in index values.
Chalice Mining Limited (ASX: CHN) and Life360 Inc (ASX: 360) were top two gainers on ASX 200 while Unibail-Rodamco-Westfield (ASX: URW) and Nufarm Limited (ASX: NUF) were the top losers.
Iran’s crude oil export to China has dropped significantly since the start of Moscow’s war in Ukraine. The US and European sanctions over Moscow’s attack on Ukraine have pushed Russian oil towards the east.
Crude Oil WTI is trading in the red zone.
Many players from the Information Technology sector witnessed significant growth in their share prices. Life360 Inc, Zip Co Limited, and Altium Limited are three players with over 5% growth in their share prices.
The Hang Seng is up 2.72%, and the FTSE 100 is down 1.82% today.
NASDAQ-100, NASDAQ Composite, S&P 500 and Down Industrial ended lower on 19 May 2022.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 moved up as China cuts key rate
By the end of day’s trade on 19 May 2022, benchmark index ASX 200 moved up 1.15% to 7,145.60. The index bounced back strongly from the last day’s session following the positive lead from Asia after China cut a key lending benchmark. China has cut key interest rate to support the property market and lessen the pain due to COVID-19 lockdowns.
Out of 11 sectors, 9 sectors ended the session in the green zone. The Information Technology and Materials sectors were the top gainers with a growth of 4.56% and 2.2% in their share price, respectively. On the other hand, the Energy sector and A-REIT were the top two losers with 1.63% and 0.213% drop in index values.
Chalice Mining Limited (ASX: CHN) and Life360 Inc (ASX: 360) were top two gainers on ASX 200 while Unibail-Rodamco-Westfield (ASX: URW) and Nufarm Limited (ASX: NUF) were the top losers.
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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