By the end of the trading session on 26 April 2022, the benchmark index S&P/ASX 200 slipped 2.08% and settled at 7318.00. All 11 sectors closed lower along with the ASX 200. The Materials and Energy sector were the top loser sectors, which declined 5.10% and 3.98% in their index values.
Mining and Energy stocks are declined on a lower iron ore prices sparked by concern about Chinese demand amid the country’s worsening COVID-19 outbreak.
Virgin Money UK PLC (ASX: VUK) and Unibail - Rodamco - Westfield (ASX: URW) were the top gainers with 2.317% and 2.144% growth in the share prices, respectively. On the other hand, EML Payments Limited (ASX: EML) and Mineral Resources Limited (ASX: MIN) were the top losers with 38.561% and 9.935% drop in the share price respectively.
Global investment giant Oaktree Capital Management anticipates the risk of US recession subsequent year is growing because of weaker household expenses and disposable income. At the same time businesses are experiencing increasing commodity prices as well as labour cost inflation.
EML Payments Limited has been reduced its guidance for underlying EBITDA, NPATA and revenue in its FY2022 guidance update.
The rising interest rate is a concern amongst investors.
There are also concerns related to steep economic downturn in the US and other parts of the world, weighing on stock markets worldwide.
Dow closed up by 0.8%, S&P 500 was gained by 0.6% and NASDAQ closed up by 1.3%.
The Hang Seng gaining 0.37%, and the FTSE 100 is down by 1.88% today.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 slips 2.08%; Heavy Sell Off in ASX
By the end of the trading session on 26 April 2022, the benchmark index S&P/ASX 200 slipped 2.08% and settled at 7318.00. All 11 sectors closed lower along with the ASX 200. The Materials and Energy sector were the top loser sectors, which declined 5.10% and 3.98% in their index values.
Mining and Energy stocks are declined on a lower iron ore prices sparked by concern about Chinese demand amid the country’s worsening COVID-19 outbreak.
Virgin Money UK PLC (ASX: VUK) and Unibail - Rodamco - Westfield (ASX: URW) were the top gainers with 2.317% and 2.144% growth in the share prices, respectively. On the other hand, EML Payments Limited (ASX: EML) and Mineral Resources Limited (ASX: MIN) were the top losers with 38.561% and 9.935% drop in the share price respectively.
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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