ASX/200 Closed lower by 0.69%; Dragged down by Materials
By the end of the trading session on 10 January 2023, the benchmark index S&P/ASX 200 ended lower by 0.69% and settled at 7,468.50. Out 11 sectors, 07 sectors closed lower along with the ASX 200.
Materials and Utilities sectors were the top-losing sectors, losing 2.05% and 1.12% respectively in their index values. On the other hand, A-REIT and Information Technology were the top-gaining sectors, gaining 0.76% and 0.55% respectively in their index values.
Alumina Limited (ASX: AWC) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 17.346% and 10.849% growth in share prices, respectively. IGO Limited (ASX: IGO) and Arcadium Lithium Limited (ASX: LTM) were the top losers, with 8.048% and 7.846% drop in share prices, respectively.
Alumina experienced a notable 17.4% increase, reaching $1.15, sustaining a rally that commenced on Tuesday following the company's announcement of halting alumina production at its Western Australia Kwinana plant.
Mineral Resources, a major player in the lithium sector, disclosed ownership of a 9.97% stake in Kali Metals, a recently listed lithium company.
Neometals, a small-cap battery technology firm, saw a substantial 22.9% surge, reaching 21.5¢, after unveiling a $30 million order from luxury car manufacturer Mercedes-Benz.
Oil prices, having risen approximately 2% on Tuesday, inched higher due to indications of ongoing declines in US stockpiles and an official forecast predicting a narrow global deficit this year.
Market indices reported mixed performances: Dow closed down by 0.42%, S&P 500 down by 0.15%, while NASDAQ recorded a modest increase of 0.09%.
International markets reflected a varied picture with the Hang Seng down by -0.41% and the FTSE 100 showing a marginal decrease of -0.13% on the current trading day.
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
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX/200 Closed lower by 0.69%; Dragged down by Materials
By the end of the trading session on 10 January 2023, the benchmark index S&P/ASX 200 ended lower by 0.69% and settled at 7,468.50. Out 11 sectors, 07 sectors closed lower along with the ASX 200.
Materials and Utilities sectors were the top-losing sectors, losing 2.05% and 1.12% respectively in their index values. On the other hand, A-REIT and Information Technology were the top-gaining sectors, gaining 0.76% and 0.55% respectively in their index values.
Alumina Limited (ASX: AWC) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 17.346% and 10.849% growth in share prices, respectively. IGO Limited (ASX: IGO) and Arcadium Lithium Limited (ASX: LTM) were the top losers, with 8.048% and 7.846% drop in share prices, respectively.
Top gainer 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