ASX 200 Ended Higher By 0.23%; Lifted By Materials And Energy Sectors
By the end of the trading session on 29 March 2023, the benchmark index S&P/ASX 200 ended higher by 0.23% and settled at 7,050.30. Out of 11 sectors, 8 sectors closed higher along with the ASX 200.
Materials and Energy sectors were the top-gaining sectors, gaining 1.25% and 1.24% respectively in their index values. A-REIT and Financial Sectors were the top declining sector, declining 0.72% and 0.46% in their respective index values.
Deterra Royalties Limited (ASX: DRR) and Reliance Worldwide Corporation Limited (ASX: RWC) were the top gainers, with 5.309% and 4.815% growth in share prices, respectively. On the other hand, Megaport Limited (ASX: MP1) and Core Lithium Limited (ASX: CXO) were the top losers, with 5.939% and 4.445% drop in share prices, respectively.
ALS Limited's share price gained after the company lifted its underlying net profit guidance to between $312 million and $322 million for FY23 as compared to previous guidance of between $300 million and $320 million.
NAB experienced a decline of 2.2%, while Bank of Queensland dropped 1.7%, coming close to its lowest level in two and a half years.
The inflation rate for February in Australia was lower than most projections and followed the latest policy statement and meeting minutes.
Crude oil prices rose by 1.34% to reach 6058 due to concerns about supply and indications of rising demand, which were supported by strong Chinese demand. U.S. crude oil inventories were expected to increase by around 200,000 barrels last week.
The Dow fell by 0.12%, the S&P 500 dropped by 0.16%, and the NASDAQ finished lower by 0.45%.
The Hang Seng increased by 2.08%, while the FTSE 100 rose by 0.17%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Higher By 0.23%; Lifted By Materials And Energy Sectors
By the end of the trading session on 29 March 2023, the benchmark index S&P/ASX 200 ended higher by 0.23% and settled at 7,050.30. Out of 11 sectors, 8 sectors closed higher along with the ASX 200.
Materials and Energy sectors were the top-gaining sectors, gaining 1.25% and 1.24% respectively in their index values. A-REIT and Financial Sectors were the top declining sector, declining 0.72% and 0.46% in their respective index values.
Deterra Royalties Limited (ASX: DRR) and Reliance Worldwide Corporation Limited (ASX: RWC) were the top gainers, with 5.309% and 4.815% growth in share prices, respectively. On the other hand, Megaport Limited (ASX: MP1) and Core Lithium Limited (ASX: CXO) were the top losers, with 5.939% and 4.445% drop in share prices, respectively.
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Top Gainers for the day:
Top Losers for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers Scoreboard:
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