ASX 200 slips marginally today but gained 1.52% in last 5 days Â
By the end of the day’s trade on 31 March 2022, the benchmark index ASX 200 dropped 0.198% and settled at 7499.6. Most sectors on ASX ended in the red zone. Since last two days, the Information Technology sector, which was the top gainer, dropped 2.18% on ASX and became the worst performing sector during the day. From this sector, cloud-based online accounting software provided noted a drop of AU$4.910 (4.561%) in its share price. It positioned itself among the top five weak performers during the day. Block Inc. (ASX: SQ2), Afterpay’s new owner, noted a 4.561% drop in the share price.
The consumer discretionary and the energy sector were the following two worst performers, with over a 1% drop in the index values.
The market was driven by the weak market sentiment due to the lack of a substantial breakthrough in the discussion between Russia and Ukraine to end the war. Currently, Ukrainian forces are getting themselves ready for the fresh attacks in the east of the country as Moscow accumulates its troop after experiencing hindrances near Kyiv.
At the same time, the US is looking to increase economic pressure on Moscow by implementing further sanctions on Russia in the coming period.
The material sector was the top gainer for the day, with a 1.46% gain in the index value.
NASDAQ Composite, NASDAQ-100, and Dow Industrial ended lower the previous day.
Gold Futures continues to be in the red zone.
There is a buzz in the market that Biden Administration could release from the strategic petroleum reserve around 180 million barrels.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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ASX 200 slips marginally today but gained 1.52% in last 5 days Â
By the end of the day’s trade on 31 March 2022, the benchmark index ASX 200 dropped 0.198% and settled at 7499.6. Most sectors on ASX ended in the red zone. Since last two days, the Information Technology sector, which was the top gainer, dropped 2.18% on ASX and became the worst performing sector during the day. From this sector, cloud-based online accounting software provided noted a drop of AU$4.910 (4.561%) in its share price. It positioned itself among the top five weak performers during the day. Block Inc. (ASX: SQ2), Afterpay’s new owner, noted a 4.561% drop in the share price.
The consumer discretionary and the energy sector were the following two worst performers, with over a 1% drop in the index values.
The market was driven by the weak market sentiment due to the lack of a substantial breakthrough in the discussion between Russia and Ukraine to end the war. Currently, Ukrainian forces are getting themselves ready for the fresh attacks in the east of the country as Moscow accumulates its troop after experiencing hindrances near Kyiv.
At the same time, the US is looking to increase economic pressure on Moscow by implementing further sanctions on Russia in the coming period.
The material sector was the top gainer for the day, with a 1.46% gain in the index value.
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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