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

ASX 200 Ended Higher By 0.67%; All 11 Sectors Closed In Green

By the end of the trading session on 14 December 2022, the benchmark index S&P/ASX 200 ended higher by 0.67% and settled at 7,251.30. All 11 sectors closed higher along with the ASX 200. The Utilities and Information Technology sectors were the top 2 gaining sectors, gained 2.09% and 1.74% in their index values.

Also read-: Mid-Market: S&P/ASX 200 Trading Higher By 0.14%; St Barbara Limited Rallied 23.85%

St Barbara Limited (ASX: SBM) and Block Inc. (ASX: SQ2) were the top gainers, with 13.846% and 8.149% growth in share prices, respectively. On the other hand, Imugene Limited (ASX: IMU) and Endeavour Group Limited (ASX: EDV) were the top losers, with a 5.129% and 4.329% drop in share prices, respectively.

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Top Performers for the day:

  • Utilities (Up 2.09%)
  • Information Technology (Up 1.74%)

Other Factors influencing the market:

  • Australian share market ended higher, tracked U.S. markets after an unexpectedly slight consumer price increase lifted optimism that the Federal Reserve could soon slow the pace of interest rate hikes. Still, concerns remained the central bank could stay aggressive.
  • St Barbara Limited’s share price rocketed today following the announcement of its merger with Genesis Minerals, which climbed 13% to $1.35.
  • Endeavour Group Limited’s share price dropped 4.3% to $6.41 after Woolworths sold a $636 million stake in the company. 
  • TPG Telecom Limited declined after its cyber security adviser, Mandiant, identified proof of unauthorised access to the hosted exchange service, which houses up to 15,000 iiNet and Westnet business customer e-mail accounts.
  • Gold prices hovered near a six-month high today after a sharp rally in the previous session as market participants waited for the Federal Reserve to increase interest rates later in the day and also weigh in on easing inflationary pressures.
  • Oil prices dropped slightly today after three straight day gains as data signaled to an unexpected build in U.S. inventories despite a major pipeline outage, while markets awaited more cues on monetary policy from the conclusion of a Federal Reserve meeting.
  • Dow has closed higher by 0.30%, S&P 500 up by 0.73%, and NASDAQ ended higher by 1.01%.
  • Hang Seng is up by 0.98%, and FTSE 100 is up by 0.76%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

 

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