ASX 200 Ended Higher By 0.23%; Led By Industrials and Communication Services Sectors| Kapitales Research, Australia.

ASX 200 Ended Higher By 0.23%; Led By Industrials and Communication Services Sectors

By the end of the trading session on 18 November 2022, the benchmark index S&P/ASX 200 ended higher by 0.23% and settled at 7,151.80. Out of 11 sectors, 7 sectors closed higher along with the ASX 200.

The Industrials and Telecommunication Services sectors were the top 2 gaining sectors, gained 0.88% and 0.81% in their index values. On the other hand, the Energy and Consumer Discretionary sectors were the top 2 declining sectors, declined by 0.39% and 0.13% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.33%; Lifted By Financial and Utilities Sectors

Oz Minerals Limited (ASX: OZL) and NIB Holdings Limited (ASX: NHF) were the top gainers, with 3.954% and 3.188% growth in share prices, respectively. On the other hand, Lovisa Holding Limited (ASX: LOV) and Coronado Global Resources Limited (ASX: CRN) were the top losers, with a 7.127% and 6.618% drop in share prices, respectively.

ASX 200 Ended Higher By 0.23%; Led By Industrials and Communication Services Sectors

Top Performers for the day:

Industrials (Up 0.88%)
Telecommunication Services (Up 0.81%)

Top Loser for the day:

Energy (Down 0.39%)
Consumer Discretionary (Down 0.13%)

Other Factors influencing the market:

NIB Holdings Limited closed higher after the company told in its annual meeting that revenue from insurance premiums had grown by 4.7% in the first four months of FY23 and underlying operating profit was up 16.3% to $109.5 million.
ASX Limited rebounded after revealing it will abandon its CHESS replacement project yesterday, after nearly seven years spent trying to develop it.
Oz Minerals Limited’s share price gained as the company has allowed BHP to conduct due diligence for 4 weeks, in response to the BHP’s revised proposal.
Lovisa Holdings Limited’s shares were down more than 7% after the discount jeweller’s trading update missed high expectations.
The Federal Reserve will downshift in December to deliver a 50-basis-point interest rate hike, but economists polled by Reuters stated a longer period of U.S. central bank tightening and a higher policy rate peak are the extreme risks to the current outlook.
Oil prices rose today following steep losses and were set to end the week lower as hawkish signals from the Federal Reserve and rising COVID-19 cases in China brewed concerns over slowing global demand.
Dow has closed down by 0.02%, S&P 500 down by 0.31%, and NASDAQ-100 closed lower by 0.19%.
Hang Seng is up by 0.02%, and FTSE 100 is down by 0.06%.

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