ASX 200 Closed Lower By 0.16%; Oil Prices Dropped Sharply
By the end of the trading session on 31 August 2022, the benchmark index S&P/ASX 200 ended lower by 0.16% and settled at 6,986.80. Out of 11 sectors, 6 sectors closed lower along with the ASX 200. The Information Technology and Financial sectors were the top 2 gaining sectors, gained 1.74% and 1.11% in their index value. On the other hand, Energy and Materials sectors were the top 2 declining sectors, declined 2.88% and 1.40% in their index values.
S&P/ASX 200 closed lower, dragged down by energy and materials companies on worries about the spreading of China's COVID-19 outbreak and a European Union warning it will intervene in power markets to rein in electricity prices.
Clinuvel Pharmaceuticals Limited (ASX: CUV) and Tyro Payments Limited (ASX: TYR) were the top gainers, with 16.186% and 11.926% growth in share prices, respectively. On the other hand, PointsBet Holdings Limited (ASX: PBH) and Mineral Resources Limited (ASX: MIN) were the top losers, with an 11.855% and 5.872% drop in share prices, respectively.
PointsBet Holdings Limited’s share price declined by more than 11% following the company announced its full-year results to the market this morning, reporting a deepening of net losses to $268 million in FY22, from $188 million in FY21.
The Australian dollar ended the month sharply lower as the dual forces of aggressive central banks and slowing growth in China put it on course for a 1.6% August loss. It is down US4¢ so far this year.
Chinese manufacturing activity declined for a second straight month in August, as COVID-19 lockdowns and a brewing power crunch continued to weigh on economic activity.
Oil prices decreased more than 5% on worries about global demand. Iron ore tumbled below $US100 a tonne as COVID outbreaks cloud China’s outlook.
Dow has closed down 1.0%, S&P 500 down by 1.1%, and NASDAQ closed lower by 1.1%.
Hang Seng is up by 0.10%, and FTSE 100 is down by 0.88%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Lower By 0.16%; Oil Prices Dropped Sharply
By the end of the trading session on 31 August 2022, the benchmark index S&P/ASX 200 ended lower by 0.16% and settled at 6,986.80. Out of 11 sectors, 6 sectors closed lower along with the ASX 200. The Information Technology and Financial sectors were the top 2 gaining sectors, gained 1.74% and 1.11% in their index value. On the other hand, Energy and Materials sectors were the top 2 declining sectors, declined 2.88% and 1.40% in their index values.
S&P/ASX 200 closed lower, dragged down by energy and materials companies on worries about the spreading of China's COVID-19 outbreak and a European Union warning it will intervene in power markets to rein in electricity prices.
Clinuvel Pharmaceuticals Limited (ASX: CUV) and Tyro Payments Limited (ASX: TYR) were the top gainers, with 16.186% and 11.926% growth in share prices, respectively. On the other hand, PointsBet Holdings Limited (ASX: PBH) and Mineral Resources Limited (ASX: MIN) were the top losers, with an 11.855% and 5.872% 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