ASX/200 Closed lower by 0.50%; Dragged down by Materials
By the end of the trading session on 08 January 2023, the benchmark index S&P/ASX 200 ended lower by 0.07% and settled at 7,451.50. All 11 sectors closed lower along with the ASX 200.
Materials and Healthcare sectors were the top-losing sectors, losing 0.90% and 0.76% respectively in their index values.
Boss Energy Limited (ASX: BOE) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 8.747% and 3.448% growth in share prices, respectively. Core Lithium Limited (ASX: CXO) and Magellan Financial Group Limited (ASX: MFG) were the top losers, with 16.309% and 7.669% drop in share prices, respectively.
Lithium newcomer Kali Metals experienced an impressive debut on the ASX, surging 74% to 43.5¢ per share on its first day of trading after successfully concluding an oversubscribed initial public offering the previous week.
Red 5, a mining company, saw a 3.6% increase, reaching 29¢ per share. The company expressed confidence in achieving the upper end of its FY24 guidance following a productive quarter of production at its King of the Hills project in Western Australia.
Metcash has appointed former CEO of Premier Investments and JB Hi-Fi, Richard Murray, as the new chief executive of its Total Tools Holdings business. This decision comes after the departure of Paul Dumbrell.
Oil prices experienced a decline as Saudi Arabia reduced official selling prices for all regions. This move highlighted a deteriorating outlook, outweighing concerns related to tensions in the Red Sea and supply disruptions in Libya.
The Dow closed with a marginal increase of 0.03%, while the S&P 500 decreased by 0.34%, and the NASDAQ concluded the session with a 0.56% decline.
The Hang Seng index showed a significant decrease of -2.14%, and the FTSE 100 also experienced a decline of -0.43% on the current trading day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
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ASX/200 Closed lower by 0.50%; Dragged down by Materials
By the end of the trading session on 08 January 2023, the benchmark index S&P/ASX 200 ended lower by 0.07% and settled at 7,451.50. All 11 sectors closed lower along with the ASX 200.
Materials and Healthcare sectors were the top-losing sectors, losing 0.90% and 0.76% respectively in their index values.
Boss Energy Limited (ASX: BOE) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 8.747% and 3.448% growth in share prices, respectively. Core Lithium Limited (ASX: CXO) and Magellan Financial Group Limited (ASX: MFG) were the top losers, with 16.309% and 7.669% drop in share prices, respectively.
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