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

ASX 200 moves up; Miners lifted the market

By the end of the trading session on 13 April 2022, the benchmark index S&P/ASX 200 closed up by 0.34% and settled at 7,479.00. Out of 11 sectors, 8 sectors ended up along with ASX 200. The energy and materials sectors were the top gainers with a 0.983% and 0.639% surge in their index values.

The market was driven by the rise in commodity prices, which lifted the prices of stocks from the material and energy space.

On the other hand, A-REIT and the information technology sectors were the top losers with a drop of 0.475% and 0.034% in the index values.

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On ASX 200, EML Payments Limited (ASX: EML) and Paladin Energy Ltd (ASX: PDN) were the top gainers with 10.526% and 9.638% in their stock prices. On the other hand, Adbri Limited (ASX: ABC) and James Hardie Industries Plc (ASX: JHX) were the top losers with 4.636% and 2.902% growth in share prices.

Top Gainer for the day:

  • Metal and Mining (Up 1.024%)
  • Energy (Up 0.983%)
  • Resources (Up 0.836%)

Top Loser for the day:

  • A-REIT (Down 0.475%)
  • Information Technology (Down 0.034%)
  • Communication services (Down 0.007%)

Other Factors influencing the market:

  • The market continues to stay volatile. It seems that investors are weighing the risk linked to the rising inflation globally, central bank policies, and the impact of the Russia-Ukraine conflict.
  • NASDAQ-100, NASDAQ Composite, and Dow Industrial ended lower on 12 April 2022.
  • Gold, Crude oil WTI are in the red zone.
  • The Hang Seng is down 0.07%, and the FTSE 100 is down 0.14% today.

Top 5 Gainers and Losers Scoreboard:

90 Day Average Volume Outlier:

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