ASX 200 Closed Higher By 1.74%; Lifted By IT and Consumer Discretionary Sectors
By the end of the trading session on 05 October 2022, the benchmark index S&P/ASX 200 ended higher by 1.74% and settled at 6,815.70. Out of 11 sectors, 10 sectors closed higher along with the ASX 200.
The Information Technology and Consumer Discretionary sectors were the top 2 gaining sectors, gained 3.63% and 2.53% in their index values. On the other hand, Consumer Staples was the only declining sector, declined by 0.045% in its index value.
Telix Pharmaceuticals Limited (ASX: TLX) and Hub24 Limited (ASX: HUB) were the top gainers, with 11.646% and 9.710% growth in share prices, respectively. On the other hand, Sayona Mining Limited (ASX: SYA) and Ramelius Resources Limited (ASX: RMS) were the top losers, with a 7.844% and 4.862% drop in share prices, respectively.
Australian Share Market closed higher, tracked Wall Street, and extended the biggest share market rally in two years after the RBA surprised investors by slowing the pace of interest rate rises.
US Treasury bond rates slumped on the expectation that the US Federal Reserve would back down from its hawkish tilt.
Wall Street extended its gains for a second straight day after softer US economic data and a smaller-than-expected interest rate increase by the Reserve Bank of Australia stirred hope that the Federal Reserve might temper its aggressive rate rises.
Oil prices are slightly lower today after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output.
Dow has closed up 2.6%, S&P 500 up by 2.6%, and NASDAQ closed higher by 3.2%.
Hang Seng is up by 6.06%, and FTSE 100 is up by 2.57%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Higher By 1.74%; Lifted By IT and Consumer Discretionary Sectors
By the end of the trading session on 05 October 2022, the benchmark index S&P/ASX 200 ended higher by 1.74% and settled at 6,815.70. Out of 11 sectors, 10 sectors closed higher along with the ASX 200.
The Information Technology and Consumer Discretionary sectors were the top 2 gaining sectors, gained 3.63% and 2.53% in their index values. On the other hand, Consumer Staples was the only declining sector, declined by 0.045% in its index value.
Telix Pharmaceuticals Limited (ASX: TLX) and Hub24 Limited (ASX: HUB) were the top gainers, with 11.646% and 9.710% growth in share prices, respectively. On the other hand, Sayona Mining Limited (ASX: SYA) and Ramelius Resources Limited (ASX: RMS) were the top losers, with a 7.844% and 4.862% drop in share prices, respectively.
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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 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