ASX/200 Closed Lower By 1.50%; Dragged down by Information Technology
By the end of the trading session on 16 August 2023, the benchmark index S&P/ASX 200 ended lower by 1.50% and settled at 7,195.20. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
A-REIT sectors were the top-gaining sectors, gaining 0.09% respectively in their index values. Information Technology and Materials sectors were the top declining sectors, declining 2.93% and 2.63% respectively in their index values.
Bapcor Limited (ASX: BAP) and Mirvac Group Limited (ASX: GUD) were the top gainers, with 5.451% and 5.263% growth in share prices, respectively. Fletcher Building Limited (ASX: FBU) and Syrah Resources Limited (ASX: LKE) were the top losers, with 9.271% and 6.202% drop in share prices, respectively.
UK inflation exceeded expectations for the past month, strengthening the case for the Bank of England to implement another interest rate hike.
The benchmark index saw Fletcher Building as the weakest performer, experiencing an 8.9% decline. The building products company reduced its final dividend payout.
Despite a lower net profit of $271.5 million for its 2023 fiscal year (a decrease from $1.21 billion), Vicinity Centres Group managed a 2.5% increase in its share price.
Crude oil faced a third consecutive day of decline, attributed to a drop in US inventories. West Texas Intermediate slipped by 0.2% to $US80.85 a barrel on Wednesday, following a 2.6% loss over the preceding two sessions.
The Dow Jones Industrial Average concluded with a 1.02% decrease, the S&P 500 with a 1.16% drop, and the NASDAQ down by 1.14%.
The Hang Seng index in Hong Kong experienced a decline of 1.31%, while the FTSE 100 in the UK saw a decrease of 1.57% on the same day.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
Customer Notice:
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ASX/200 Closed Lower By 1.50%; Dragged down by Information Technology
By the end of the trading session on 16 August 2023, the benchmark index S&P/ASX 200 ended lower by 1.50% and settled at 7,195.20. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
A-REIT sectors were the top-gaining sectors, gaining 0.09% respectively in their index values. Information Technology and Materials sectors were the top declining sectors, declining 2.93% and 2.63% respectively in their index values.
Bapcor Limited (ASX: BAP) and Mirvac Group Limited (ASX: GUD) were the top gainers, with 5.451% and 5.263% growth in share prices, respectively. Fletcher Building Limited (ASX: FBU) and Syrah Resources Limited (ASX: LKE) were the top losers, with 9.271% and 6.202% 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