ASX 200 Closed Lower By 1.84%, Tracked Wall Street
By the end of the trading session on 03 November 2022, the benchmark index S&P/ASX 200 ended lower by 1.84% and settled at 6,857.90. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
The Communication Services sector was the only gaining sector, gained 0.141% in its index value. On the other hand, the Materials and Consumer Discretionary sectors were the top 2 declining sectors, declined by 2.96% and 2.55% in their index values.
Perpetual Limited (ASX: PPT) and New Hope Corporation Limited (ASX: NHC) were the top gainers, with 7.137% and 5.913% growth in share prices, respectively. On the other hand, Domino’s Pizza Enterprise Limited (ASX: DMP) and Pendal Group Limited (ASX: PDL) were the top losers, with a 11.715% and 10.672% drop in share prices, respectively.
Australian share market declined sharply following US Federal Reserve chairman Jerome Powell warned that interest rates would reach a higher level than previously expected, reversing a rally sparked by hints that the Fed is preparing to slow the pace of its aggressive tightening campaign.
Perpetual Limited’s share price gained after the company has rejected a $30 a-share cash offer from a consortium of BPEA Private Equity and Regal Partners, valuing the company at $1.74 billion.
The U.S. Federal Reserve raised its benchmark interest rate by 0.75% for the fourth consecutive time, taking the federal funds rate to a target range of 3.75% to 4%, its highest level since 2008.
New Hope Corporation Limited gained after the company’s board has approved a share buyback worth up to $300 as it rakes in huge profits on soaring coal prices.
A2 Milk Company Limited’s shares rose as it has announced that US FDA approved its application to sell infant formula in North America.
Dow has closed down by 1.6%, S&P 500 down by 2.5%, and NASDAQ closed lower by 3.4%.
Hang Seng is down by 2.6%, and FTSE 100 is down by 0.58%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Lower By 1.84%, Tracked Wall Street
By the end of the trading session on 03 November 2022, the benchmark index S&P/ASX 200 ended lower by 1.84% and settled at 6,857.90. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
The Communication Services sector was the only gaining sector, gained 0.141% in its index value. On the other hand, the Materials and Consumer Discretionary sectors were the top 2 declining sectors, declined by 2.96% and 2.55% in their index values.
Perpetual Limited (ASX: PPT) and New Hope Corporation Limited (ASX: NHC) were the top gainers, with 7.137% and 5.913% growth in share prices, respectively. On the other hand, Domino’s Pizza Enterprise Limited (ASX: DMP) and Pendal Group Limited (ASX: PDL) were the top losers, with a 11.715% and 10.672% 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