ASX 200 moves up; Healthcare Sector was the Top Gainer
By the end of the trading session on 11 May 2022, the benchmark index S&P/ASX 200 closed higher by 0.19% and settled at 7064.70. 7 out of 11 sectors closed higher along with the ASX 200. The Healthcare and A-REIT sectors are the top gaining sector, gained 1.74% and 1.09% in their index values. On the other hand, the Financial and Information Technology sectors are the top 2 losing sectors, declined 1.08% and 0.62% in their index value.
The S&P/ASX 200 has been lifted by the gains from A-REIT, healthcare, and materials sectors, which offset the losses of financial and information technology sectors.
Lifestyle Communities Limited (ASX: LIC) and Life360 Inc (ASX: 360) were the top gainers with 15.086% and 6.402% growth in share prices, respectively. On the other hand, Link Administration Holdings Limited (ASX: LNK) and Chalice Mining Limited (ASX: CHN) were the top losers, with a 15.091% and 5.211% drop in the share price, respectively.
The Commonwealth Bank has warned that the Australian and New Zealand currencies could fall by a further US5 cents if China will continue its lockdown for several more months.
China’s consumer price index rose to 2.1% YOY in April 2022, more than expected. China's factory and consumer prices rose faster than anticipated as Covid-19 lockdowns disrupted supply chains and pushed peoples to stockpile food.
Inflation and rising interest rates are impacting investor’s sentiment.
The market was buoyed by gains across health care and A-REIT and offset by weak performance from the financial and Information Technology sector
Dow has closed down by 0.3%, S&P 500 up by 0.3%, and NASDAQ closed higher by 1.0%.
Hang Seng is up by 1.50%, and FTSE 100 is also up by 0.37%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 moves up; Healthcare Sector was the Top Gainer
By the end of the trading session on 11 May 2022, the benchmark index S&P/ASX 200 closed higher by 0.19% and settled at 7064.70. 7 out of 11 sectors closed higher along with the ASX 200. The Healthcare and A-REIT sectors are the top gaining sector, gained 1.74% and 1.09% in their index values. On the other hand, the Financial and Information Technology sectors are the top 2 losing sectors, declined 1.08% and 0.62% in their index value.
The S&P/ASX 200 has been lifted by the gains from A-REIT, healthcare, and materials sectors, which offset the losses of financial and information technology sectors.
Lifestyle Communities Limited (ASX: LIC) and Life360 Inc (ASX: 360) were the top gainers with 15.086% and 6.402% growth in share prices, respectively. On the other hand, Link Administration Holdings Limited (ASX: LNK) and Chalice Mining Limited (ASX: CHN) were the top losers, with a 15.091% and 5.211% drop in the share price, respectively.
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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