ASX 200 Ended Higher By 0.47%; Buoyed By Materials And Energy Sectors
By the end of the trading session on 28 February 2023, the benchmark index S&P/ASX 200 ended higher by 0.47% and settled at 7,258.40. Out of 11 sectors, 7 sectors closed higher along with the ASX 200.
The Materials and Energy sectors were the top-gaining sectors, gained 1.52% and 1.49% respectively in their index values. The Utilities and Health Care Sector was the top declining sectors, declined 1.27% and 0.56% in their index values.
De Grey Mining Limited (ASX: DEG) and Lake Resources N.L. (ASX: LKE) were the top gainers, with 7.722% and 6.837% growth in share prices, respectively. On the other hand, Harvey Norman Holdings Limited (ASX: HVN) and Adbri Limited (ASX: ABC) were the top losers, with 7.452% and 7.066% drop in share prices, respectively.
Adbri Limited’s share price close lower today after it has reported a 12% decline in its net profit to AU$103 million for the full year and decided not to distribute any final dividend payout.
Harvey Norman was the top declining stock following the company announced that sales in January at its franchised stores in Australia were more than 10% lower than the previous year, indicating that shoppers are reducing spending due to the increasing cost of living.
Oil prices are gaining today as traders awaited more signals from Chinese and U.S. business activity readings due this week, although fears of increasing interest rates and slowing economic growth saw markets nursing steep losses.
The Dow rose by 0.22%, the S&P 500 gained by 0.31%, and the NASDAQ increased by 0.63%.
The Hang Seng declined by 0.41%, and the FTSE 100 rose by 0.72%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Higher By 0.47%; Buoyed By Materials And Energy Sectors
By the end of the trading session on 28 February 2023, the benchmark index S&P/ASX 200 ended higher by 0.47% and settled at 7,258.40. Out of 11 sectors, 7 sectors closed higher along with the ASX 200.
The Materials and Energy sectors were the top-gaining sectors, gained 1.52% and 1.49% respectively in their index values. The Utilities and Health Care Sector was the top declining sectors, declined 1.27% and 0.56% in their index values.
De Grey Mining Limited (ASX: DEG) and Lake Resources N.L. (ASX: LKE) were the top gainers, with 7.722% and 6.837% growth in share prices, respectively. On the other hand, Harvey Norman Holdings Limited (ASX: HVN) and Adbri Limited (ASX: ABC) were the top losers, with 7.452% and 7.066% 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:
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