ASX 200 Ended Higher By 0.49%; Buoyed By Energy And Consumer Discretionary Sectors
By the end of the trading session on 7 March 2023, the benchmark index S&P/ASX 200 ended higher by 0.49% and settled at 7,364.70. Out of 11 sectors, 10 sector closed higher along with the ASX 200.
The Energy and Consumer Discretionary sectors were the top-gaining sectors, gaining 1.21% and 1.12% respectively in their index values. The Material Sector was the top declining sector, declined 0.44% in their index values.
Invocare Limited (ASX: IVC) and Sayona Mining Limited (ASX: SYA) were the top gainers, with 34.972% and 4.255% growth in share prices, respectively. On the other hand, Megaport Limited (ASX: MP1) and Brainchip Holdings Limited (ASX: BRN) were the top losers, with 14.983% and 7.563% drop in share prices, respectively.
In January, Australia's trade surplus contracted to $11.7 billion following a revised December balance of $13 billion.
Sayona Mining gained today after raising AU$54.9 million by issuing 174 million shares at an issue price of AU$0.315 per share.
Megaport Limited’s share price declined by more than 14% after the company announced that its chief executive, Vincent English, has tendered his resignation from the role.
On Tuesday, oil prices rose to multi-week highs as investors waited for Chinese trade data to determine crude demand in the country. The broader market sentiment remained subdued in anticipation of Federal Reserve Chair Jerome Powell's testimony.
The Dow closed up by 0.12%, the S&P 500 was up by 0.07%, and NASDAQ ended lower by 0.11%.
The Hang Seng rose by 1.20%, while the FTSE 100 fell by 0.22% today.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Higher By 0.49%; Buoyed By Energy And Consumer Discretionary Sectors
By the end of the trading session on 7 March 2023, the benchmark index S&P/ASX 200 ended higher by 0.49% and settled at 7,364.70. Out of 11 sectors, 10 sector closed higher along with the ASX 200.
The Energy and Consumer Discretionary sectors were the top-gaining sectors, gaining 1.21% and 1.12% respectively in their index values. The Material Sector was the top declining sector, declined 0.44% in their index values.
Invocare Limited (ASX: IVC) and Sayona Mining Limited (ASX: SYA) were the top gainers, with 34.972% and 4.255% growth in share prices, respectively. On the other hand, Megaport Limited (ASX: MP1) and Brainchip Holdings Limited (ASX: BRN) were the top losers, with 14.983% and 7.563% 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