ASX 200 up by 1.054%; IT sector remains the top gainer
By the end of the day’s trade on 17 March 2022, benchmark index ASX 200 moved up 1.05% and settled at 7250.8. Out of 11 sectors on ASX, nine sectors ended higher along with the benchmark Index. The Information Technology sector has continued to be the top-performing sector since the past two days. The sector improved by 3.549% and ended at 1712.5. Most stocks on ASX were probably driven by strong Wall Street performance after US Federal Reserve hiked interest rates. It also laid aggressive plans for further increases to beat inflation. Fed has increased the interest rate as per the expectation. Post the increase in the interest rate hike, there was an increase in the US treasury yields.
On ASX 200, Pointsbet Holdings Limited (ASX: PBH) and Zip Co Limited (ASX: Z1P) were top gainers with more than 10% growth in their share prices.
On the other hand, Gold Road Resources Limited (ASX: GOR) and GrainCorp Limited (ASX: GNC) were the top losers, dropping 3.284% and 2.762% in their share prices, respectively.
Top Performers for the day:
Information Technology (Up 3.55%
Material (Up 1.357%)
Metal and Mining (Up 1.310%)
Top Loser for the day:
Utilities (Down 0.615%)
Consumer Staples (Down 0.215%)
Other Factors influencing the market:
Significant growth was noted in NASDAQ-100 and NASDAQ Composite index. It improved by 3.70% and 3.77%, respectively.
Dow Industrial, S&P 500, and Russell 2000 ended in the green zone.
The Hang Seng is up 5.10%, and the FTSE 100 is up 1.62% today.
Top 5 Gainers and Losers:
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
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX 200 up by 1.054%; IT sector remains the top gainer
By the end of the day’s trade on 17 March 2022, benchmark index ASX 200 moved up 1.05% and settled at 7250.8. Out of 11 sectors on ASX, nine sectors ended higher along with the benchmark Index. The Information Technology sector has continued to be the top-performing sector since the past two days. The sector improved by 3.549% and ended at 1712.5. Most stocks on ASX were probably driven by strong Wall Street performance after US Federal Reserve hiked interest rates. It also laid aggressive plans for further increases to beat inflation. Fed has increased the interest rate as per the expectation. Post the increase in the interest rate hike, there was an increase in the US treasury yields.
Copyright © 2022 Kapitales Research
On ASX 200, Pointsbet Holdings Limited (ASX: PBH) and Zip Co Limited (ASX: Z1P) were top gainers with more than 10% growth in their share prices.
On the other hand, Gold Road Resources Limited (ASX: GOR) and GrainCorp Limited (ASX: GNC) were the top losers, dropping 3.284% and 2.762% in their share prices, respectively.
Top Performers for the day:
Top Loser for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers:
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