ASX 200 Ended Higher By 3.51%; RBA Raises Cash Rate By 0.25pc,
By the end of the trading session on 04 October 2022, the benchmark index S&P/ASX 200 ended higher by 3.51% and settled at 6,683.90. All 11 sectors closed higher along with the ASX 200. The Information Technology and Materials sectors were the top 2 gaining sectors, gained 4.71% and 4.34% in their index values.
Lake Resources N.L. (ASX: LKE) and Sayona Mining Ltd (ASX: SYA) were the top gainers, with 14.525% and 13.333% growth in share prices, respectively. On the other hand, The Lottery Corporation Limited (ASX: TLC) was the only loser, with a 0.243% drop in share price.
S&P/ASX 200 closed 3.75% higher after the RBA’s dovish pivot and as markets pared back expectations for the terminal cash rate.
The Reserve Bank of Australia raised interest rates by less than expected as it looks to balance combating inflation and preventing economic headwinds from a sharp rise in lending rates this year.
Australia's dollar sank today after the central bank surprised markets with a smaller-than-expected interest rate hike. At the same time, the sterling extended its recovery a day after the British government's about-face on controversial tax cuts.
Lithium and gold miners surged as metals prices lifted. Newcrest jumped 6.4%, with Pilbara Minerals advancing 12.30%.
Oil prices climbed in its biggest rally since July as traders positioned for an expected output cut by The Organisation of the Petroleum Exporting Countries and its allies.
Dow has closed up 2.66%, S&P 500 up by 2.74%, and NASDAQ closed higher by 2.3%.
Hang Seng is down by 0.83%, and FTSE 100 is up by 0.22%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Higher By 3.51%; RBA Raises Cash Rate By 0.25pc,
By the end of the trading session on 04 October 2022, the benchmark index S&P/ASX 200 ended higher by 3.51% and settled at 6,683.90. All 11 sectors closed higher along with the ASX 200. The Information Technology and Materials sectors were the top 2 gaining sectors, gained 4.71% and 4.34% in their index values.
Lake Resources N.L. (ASX: LKE) and Sayona Mining Ltd (ASX: SYA) were the top gainers, with 14.525% and 13.333% growth in share prices, respectively. On the other hand, The Lottery Corporation Limited (ASX: TLC) was the only loser, with a 0.243% drop in share price.
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Top Performers 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.au