Market Alert : Global Sell-Off Extends: Liquidity Fears and Growth Concerns Dominate

ASX 200 Ended Higher By 0.33%, Led By Energy And Materials Sectors

By the end of the trading session on 05 December 2022, the benchmark index S&P/ASX 200 ended higher by 0.33% and settled at 7,325.60. Out of 11 sectors, 6 sectors closed higher along with the ASX 200.

The Energy and Materials sectors were the top 2 gaining sectors, gained 1.50% and 1.41% in their index values. On the other hand, the Utilities and Industrials sectors were the top 2 declining sectors, declined by 1.07% and 0.80% in their index values.

Also Read: Mid-Market: S&P/ASX 200 Trading Higher By 0.27%; Lifted By Materials And A-REIT Sectors

Fortescue Metals Group Ltd (ASX: FMG) and Beach Energy Limited (ASX: BPT) were the top gainers, with 6.859% and 5.277% growth in share prices, respectively. On the other hand, De Grey Mining Limited (ASX: DEG) and Pilbara Minerals Limited (ASX: PLS) were the top losers, with a 6.416% and 5.144% drop in share prices, respectively.

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Top Performers for the day:

  • Energy (Up 1.50%)
  • Materials (Up 1.41%)

Top Loser for the day:                                    

  • Utilities (Down 1.07%)
  • Industrials (Down 0.80%)

Other Factors influencing the market:

  • S&P/ASX 200 ended higher by 0.33% to 7325.60, Energy and Materials were the top 2 gaining sectors, gained 1.50% and 1.41%, respectively.
  • IGO closed down by 4.896% amid a fire that damaged the Nowa Power Station. No injuries were found, and all operations were suspended at Nowa Plant.
  • Elders Limited’s share price declined following UBS has downgraded it to “neutral”, amid a more subdued earnings growth outlook and management doubt given the announced retirement of current CEO Mark Allison and CFO Tania Foster.
  • Oil prices gained today as Chinese cities started relaxing strict anti-COVID measures, ramping up hopes for a full reopening, while the OPEC kept production steady at its latest meeting.
  • Gold prices rose today despite stronger-than-anticipated U.S. jobs data representing more potential interest rate hikes, while copper prices rose as more Chinese cities relaxed COVID-19 restrictions, raising hopes for a full reopening.
  • Dow has closed up by 0.10%, S&P 500 down by 0.12%, and NASDAQ closed down by 0.18%.
  • Hang Seng is up by 4.25%, and FTSE 100 is down by 0.03%.

Top 5 Gainers and Losers Scoreboard:


90-Day Average Volume Outlier:

               

 

 

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