ASX 200 moves up 0.47% after tepid advances on Wall Street
By the end of the trading session on 08 April 2022, the benchmark index S&P/ASX 200 was up marginally by 0.473% and settled at 7478. ASX 200 rose after Wall Street posted improvements in volatile sessions as investors mulled an accelerated tightening of monetary policy.
Out of 11 sectors, 7 ended higher along with ASX 200. The materials, Industrials, and Consumer Staples were the top three gainers with 1.253%, 0.907%, and 0.664% growth in the index.
The Information Technology sector has constantly ended in the red zone for the past three days. It dropped 0.242% on 08 April 2022 and settled at 1773.5.
On ASX 200, Paladin Energy Ltd (ASX: PDN) and GrainCorp Limited (ASX: GNC) were the top two gainers with 13.125% and 5.753% growth in the share price. GrainCorp shares surged after the Company announced that it upgraded its FY2022 earnings guidance. On the other hand, PDN shares were driven possibly by the rise in oil prices.
Platinum Asset Management Limited (ASX: PTM) was the top loser, with more than a 15% drop in its share price. On 07 April 2022, the Company reported a decline in its fund under management for March 2022.
RBA released its financial stability report. It pointed out that rising inflation and interest rates will make it challenging for some borrowers to repay debts.
Russia-Ukraine crisis and recent sanctions on Russia have increased some risks and created new risks.
The Hang Seng is down 0.12%, and the FTSE 100 is up 0.84% today.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 moves up 0.47% after tepid advances on Wall Street
By the end of the trading session on 08 April 2022, the benchmark index S&P/ASX 200 was up marginally by 0.473% and settled at 7478. ASX 200 rose after Wall Street posted improvements in volatile sessions as investors mulled an accelerated tightening of monetary policy.
Out of 11 sectors, 7 ended higher along with ASX 200. The materials, Industrials, and Consumer Staples were the top three gainers with 1.253%, 0.907%, and 0.664% growth in the index.
The Information Technology sector has constantly ended in the red zone for the past three days. It dropped 0.242% on 08 April 2022 and settled at 1773.5.
On ASX 200, Paladin Energy Ltd (ASX: PDN) and GrainCorp Limited (ASX: GNC) were the top two gainers with 13.125% and 5.753% growth in the share price. GrainCorp shares surged after the Company announced that it upgraded its FY2022 earnings guidance. On the other hand, PDN shares were driven possibly by the rise in oil prices.
Platinum Asset Management Limited (ASX: PTM) was the top loser, with more than a 15% drop in its share price. On 07 April 2022, the Company reported a decline in its fund under management for March 2022.
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Top Performers for the day:
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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