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

ASX 200 moved up marginally; Ramsay Health becomes top gainer

By the end of the trading session on 20 April 2022, the benchmark index S&P/ASX 200 closed up by 0.05% and settled at 7569.20. 9 out of 11 sectors closed higher along with the gain in ASX 200. The Healthcare and Consumer staples sector were the top gainers with 2.58% and 1.20% growth in their index values. On the other hand, Material and Energy sector were the top loser sector. Which declined 1.46% and 0.57% in their index values.

The healthcare sector improved probably by significant growth in shares of Ramsay Health Care Limited (ASX: RHC). The Company shares skyrocketed following the release of announcement related to the receipt of non-binding indicative proposal.

Ramsay Health Care Limited (ASX: RHC) and Pro Medicus Limited (ASX: PME) were the top gainers with 24.242% and 5.197% growth in the share prices, respectively. On the other hand, HUB24 Limited (ASX: HUB) and Regis Resources Limited (ASX: FPH) were the top losers with 6.472% and 6.199% drop in the share price respectively.

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Top Performers for the day:

  • Healthcare (Up 2.58%)
  • Consumer Staples (Up 1.20%)
  • Consumer Discretionary (Up 1.13%)

Top Loser for the day:

  • Materials (Down 1.46%)
  • Energy (Down 0.57%)

Other Factors influencing the market:

  • The world’s largest iron ore producer “Rio Tinto” revealed a dip in iron ore shipments after delays to expansion projects, causing the stock down 2.8% to AU$118.30.
  • AGL Energy Limited fell 3.2% after revealing a second major electrical fault in three years at its Loy Yang power plant.
  • Dow has closed up by 1.5%, S&P 500 was also up by 1.6% and NASDAQ closed higher by 2.2%.
  • The Hang Seng declined by 0.35%, and the FTSE 100 is down by 0.20% today.
  • Investors continue to monitor Russia-Ukraine developments and French political uncertainty.

Top 5 Gainers and Losers Scoreboard:

90 Day Average Volume Outlier:

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