ASX 200 Ended Higher By 0.42%; Buoyed By Energy And IT Sectors
By the end of the trading session on 17 March 2023, the benchmark index S&P/ASX 200 ended higher by 0.42% and settled at 6,994.80. Out of 11 sectors, 8 sectors closed higher along with the ASX 200.
Energy and Information Technology sectors were the top-gaining sectors, gaining 2.30% and 1.12% respectively in their index values. The A-REIT and Healthcare Sectors were the top declining sector, declined 1.54% and 0.66% in their respective index values.
Liontown Resources Limited (ASX: LTR) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 8.196% and 6.869% growth in share prices, respectively. On the other hand, Kelsian Group Limited (ASX: KLS) and Evolution Mining Limited (ASX: EVN) were the top losers, with 8.662% and 5.148% drop in share prices, respectively.
S&P/ASX 200 closed higher as Wall Street rallied on news that America’s biggest banks are preparing to help shore up First Republic Bank in a bid to steady the banking sector.
ANZ Bank predicts that the Reserve Bank will increase interest rates by 0.25% at both its April and May meetings, resulting in a terminal cash rate of 4.1%. Westpac, on the other hand, forecasts that the Reserve Bank will keep interest rates on hold in April, with a final increase of 0.25% in May.
S&P/ASX 200 closed higher as Wall Street rallied on news that America’s biggest banks are preparing to help shore up First Republic Bank in a bid to steady the banking sector.
Oil prices edged higher due to possible supportive measures by OPEC+, but concerns over an economic slowdown from a banking crisis kept gains limited, resulting in the worst week for prices this year.
The Dow rose by 1.17%, the S&P 500 increased by 1.76%, and NASDAQ ended higher by 2.48%.
The Hang Seng rose by 1.94%, and the FTSE 100 increased by 0.89% on the day.
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
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX 200 Ended Higher By 0.42%; Buoyed By Energy And IT Sectors
By the end of the trading session on 17 March 2023, the benchmark index S&P/ASX 200 ended higher by 0.42% and settled at 6,994.80. Out of 11 sectors, 8 sectors closed higher along with the ASX 200.
Energy and Information Technology sectors were the top-gaining sectors, gaining 2.30% and 1.12% respectively in their index values. The A-REIT and Healthcare Sectors were the top declining sector, declined 1.54% and 0.66% in their respective index values.
Liontown Resources Limited (ASX: LTR) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 8.196% and 6.869% growth in share prices, respectively. On the other hand, Kelsian Group Limited (ASX: KLS) and Evolution Mining Limited (ASX: EVN) were the top losers, with 8.662% and 5.148% drop in share prices, respectively.
Copyright © 2022 Kapitales Research
Top Gainers for the day:
Top Losers 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