By the end of the day’s trade on 30 March 2022, the benchmark index S&P/ASX200 gained 0.67% and settled at 7514.5. Out of 11 sectors, 9 sectors ended in the green zone. IT sector continued to be the top gainer on ASX for the second day, with 3.836% growth in the index value and settled at 1878.5. In the last five days, the index moved up by 3.05%. The performance of the tech sector was driven by the solid stock performance of players like Life 360 (ASX: 360), Xero (ASX: XRO), and Afterpay owner Block (ASX: SQ2).
The health care and the consumer discretionary sectors were the next two best performers on ASX with 1.34% and 1.11% growth in the index value.
The energy and the materials sectors were the worst performers for the day with 0.71% and 0.46% drop in the index values.
Most stocks on ASX joined the global rally as hopes rose for a negotiated end to the war between Russia and Ukraine. On the other hand, oil prices were impacted on Wednesday due to tight supply and increasing chances of Western sanctions against Russia.
NASDAQ Composite, NASDAQ-100, and Dow Industrial were up 1.84%, 1.68%, and 0.97%, respectively.
The Hang Seng is up 1.39%, and the FTSE 100 is by 0.86%.
Gold Futures was down the previous day. Gold players on ASX like Evolution Mining Limited (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) noted a drop in their share prices.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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IT sector helped ASX 200 move higher
By the end of the day’s trade on 30 March 2022, the benchmark index S&P/ASX200 gained 0.67% and settled at 7514.5. Out of 11 sectors, 9 sectors ended in the green zone. IT sector continued to be the top gainer on ASX for the second day, with 3.836% growth in the index value and settled at 1878.5. In the last five days, the index moved up by 3.05%. The performance of the tech sector was driven by the solid stock performance of players like Life 360 (ASX: 360), Xero (ASX: XRO), and Afterpay owner Block (ASX: SQ2).
The health care and the consumer discretionary sectors were the next two best performers on ASX with 1.34% and 1.11% growth in the index value.
The energy and the materials sectors were the worst performers for the day with 0.71% and 0.46% drop in the index values.
Most stocks on ASX joined the global rally as hopes rose for a negotiated end to the war between Russia and Ukraine. On the other hand, oil prices were impacted on Wednesday due to tight supply and increasing chances of Western sanctions against Russia.
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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