ASX 200 Closed Higher By 1.65%, RBA Increased Cash Rate By 0.25%
By the end of the trading session on 01 November 2022, the benchmark index S&P/ASX 200 ended higher by 1.65% and settled at 6,976.90. All 11 sectors closed higher along with the ASX 200. The Materials and Utilities sectors were the top 2 gaining sectors, gained 2.64% and 2.53% in their index values.
Imugene Limited (ASX: IMU) and Nickel Industries Limited (ASX: NIC) were the top gainers, with 11.428% and 7.534% growth in share prices, respectively. On the other hand, Chorus Limited (ASX: CNU) and Brickworks Limited (ASX: BKW) were the top losers, with a 3.548% and 2.260% drop in share prices, respectively.
S&P/ASX 200 closed higher as the Reserve Bank of Australia has increased the cash rate by 0.25%, which is in line with the market expectations.
Iron ore plunged more than 7% on Monday to touch its lowest since early 2019, extending a long route as factory data in China added to demand pessimism.
Brickworks Limited’s share price declined as the company trades at ex-dividend today.
The Reserve Bank of Australia raised interest rates as expected but also hiked its inflation forecast and trimmed its GDP outlook as it flagged more economic headwinds from increased price pressures and rising rates.
Oil prices trimmed recent losses today after OPEC raised its medium to long-term demand forecasts and said it stood ready to help stabilize prices if markets required it.
Dow has closed down by 0.4%, S&P 500 down by 0.8%, and NASDAQ closed lower by 1.0%.
Hang Seng is up by 3.81%, and FTSE 100 is up by 0.66%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Higher By 1.65%, RBA Increased Cash Rate By 0.25%
By the end of the trading session on 01 November 2022, the benchmark index S&P/ASX 200 ended higher by 1.65% and settled at 6,976.90. All 11 sectors closed higher along with the ASX 200. The Materials and Utilities sectors were the top 2 gaining sectors, gained 2.64% and 2.53% in their index values.
Imugene Limited (ASX: IMU) and Nickel Industries Limited (ASX: NIC) were the top gainers, with 11.428% and 7.534% growth in share prices, respectively. On the other hand, Chorus Limited (ASX: CNU) and Brickworks Limited (ASX: BKW) were the top losers, with a 3.548% and 2.260% drop in share prices, respectively.
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Top Performers 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 Enva Australia Pty Ltd (AFSL 424494). The information contained in this website 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, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au.au