ASX 200 up over 1.1%; IT sector remains the top performer
By the end of the day’s trade, benchmark index ASX 200 improved 1.103% from the previous close and settled at 7130.8. Information Technology has remained the top-performing sector for consistently past two days. The index improved by 3.29% and rebounded from its recent decline.
On the other hand, the energy and the materials sectors were the top losers on the day, with a drop of 2.48% and 1.75% in their index value. Brent oil fell 12.4% a barrel the previous day. Further, there is a new in the public domain that UAE will call the OPEC members to boost oil production to ease the rising concerns related to the oil supply and rise in inflation.
The shares from the technology and financial sectors as financial and heavy weight tech players were the top gainers on S$P 500. Further, ASX 200 Information Technology sector improved due to significant growth in NASDAQ-100 and NASDAQ Composite index. Also, US tech stocks rebounded from several days low.
The consumer discretionary sector also moved up. Consumer services stocks like Webjet Limited and Qantas Limited were amongst the top 5 gainers on ASX 200.
US President Joe Biden has signed executive orders to establish the first-ever Federal US strategy on cryptocurrencies and any upcoming US Central bank digital currency.
The Hang Seng is up 0.71%, and the FTSE 100 is up 3.25% today.
Top 5 Gainers and Losers:
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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.
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ASX 200 up over 1.1%; IT sector remains the top performer
By the end of the day’s trade, benchmark index ASX 200 improved 1.103% from the previous close and settled at 7130.8. Information Technology has remained the top-performing sector for consistently past two days. The index improved by 3.29% and rebounded from its recent decline.
On the other hand, the energy and the materials sectors were the top losers on the day, with a drop of 2.48% and 1.75% in their index value. Brent oil fell 12.4% a barrel the previous day. Further, there is a new in the public domain that UAE will call the OPEC members to boost oil production to ease the rising concerns related to the oil supply and rise in inflation.
The shares from the technology and financial sectors as financial and heavy weight tech players were the top gainers on S$P 500. Further, ASX 200 Information Technology sector improved due to significant growth in NASDAQ-100 and NASDAQ Composite index. Also, US tech stocks rebounded from several days low.
The consumer discretionary sector also moved up. Consumer services stocks like Webjet Limited and Qantas Limited were amongst the top 5 gainers on ASX 200.
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Top Performers for the day:
Top Loser for the day:
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