ASX 200 Ended Lower By 0.03%, Dragged Down By Utilities and Materials Sectors
By the end of the trading session on 17 January 2023, the benchmark index S&P/ASX 200 ended lower by 0.03% and settled at 7,386.30. Out of 11 sectors, 5 sectors closed lower along with the ASX 200.
The Consumer Staples and A-REIT sectors were the top 2 gaining sectors, gained 1.81% and 1.07% respectively in their index values. The Utilities and Materials sectors were the top 2 declining sectors, declined 1.25% and 1.06% respectively in their index values.
Novonix Limited (ASX: NVX) and Metcash Limited (ASX: MTS) were the top gainers, with 5.494% and 2.736% growth in share prices, respectively. On the other hand, Imugene Limited (ASX: IMU) and Capricorn Metals Ltd (ASX: CMM) were the top losers, with 5.883% and 5.632% drop in share prices, respectively.
S&P/ASX 200 closed lower by 0.03% to 7,386.30, dragged down by the Utilities and Materials sectors by 1.25% and 1.06% respectively.
Oil prices were mixed today following China's weak economic growth, while a U-turn in COVID policy still supported hopes of recovery in the country's fuel demand this year.
Chinese retail sales declined more than anticipated in December, while industrial production beat expectations. The economy benefited from the relaxing of strict anti-COVID policies during the month.
JB HI Fi Limited’s share price gained following the company’s net profit jumped more than 14% for the six months to December 31, 2022.
Bapcor Limited’s share price declined after broker Morgan Stanley cut its price target from $7 to $6 on an expected margin fall.
Gold prices traded around eight-month highs and were trapped in a tight range in recent sessions as investors awaited more cues from a slew of economic data, with a particular focus on any signs of a recession.
Most Asian currencies fell on Tuesday. The Yuan fell 0.4%, Indonesian rupiah fell 0.7%, Indian Rupee fell 0.3% and Philippines peso fell 0.4%.
Dow has closed up by 0.33%, S&P 500 up by 0.40%, and NASDAQ ended higher by 0.71%.
The Hang Seng is down by 1.15%. and the FTSE 100 is up by 0.20%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower By 0.03%, Dragged Down By Utilities and Materials Sectors
By the end of the trading session on 17 January 2023, the benchmark index S&P/ASX 200 ended lower by 0.03% and settled at 7,386.30. Out of 11 sectors, 5 sectors closed lower along with the ASX 200.
The Consumer Staples and A-REIT sectors were the top 2 gaining sectors, gained 1.81% and 1.07% respectively in their index values. The Utilities and Materials sectors were the top 2 declining sectors, declined 1.25% and 1.06% respectively in their index values.
Novonix Limited (ASX: NVX) and Metcash Limited (ASX: MTS) were the top gainers, with 5.494% and 2.736% growth in share prices, respectively. On the other hand, Imugene Limited (ASX: IMU) and Capricorn Metals Ltd (ASX: CMM) were the top losers, with 5.883% and 5.632% drop in share prices, respectively.
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Top Gainers for the day:
Top loser 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