ASX 200 Ended Lower By 0.30%; Tracked Wall Street Losses
By the end of the trading session on 22 February 2023, the benchmark index S&P/ASX 200 ended lower by 0.30% and settled at 7,314.50. Out of 11 sectors, 6 sectors closed lower along with the ASX 200.
The Utilities and Consumer Staples sectors were the top gaining sectors, gained 4.79% and 1.20% respectively in their index values. The Consumer Discretionary and Material Sectors were the top 2 declining sectors, declined 1.29% and 0.78% respectively in their index value.
Origin Energy Limited (ASX: ORG) and The A2 Milk Company Limited (ASX: A2M) were the top gainers, with 12.696% and 6.250% growth in share prices, respectively. On the other hand, Domino’s Pizza Enterprises Limited (ASX: DMP) and News Corporation (ASX: NWS) were the top losers, with 23.809% and 8.943% drop in share prices, respectively.
The S&P/ASX 200 index initially fell to a six-week low, but recovered some of its losses following the release of wages data that was below expectations. This data fueled hopes that the Reserve Bank may not have to raise the cash rate to the extent that was previously anticipated.
Today, Origin Energy Limited was one of the top performers on the stock market. This comes after Brookfield Asset Management and EIG Partners' MidOcean Energy consortium reduced their bid by a smaller amount than what the market had predicted.
Santos Limited gained following the company has increased its final dividend by almost 80% after its full-year profit and free cash flow for the full year more than doubled due to mounting commodity prices amid a global crunch in energy.
On the other hand, the prices of oil continued to decline on Wednesday due to concerns about lower global economic growth and fuel demand. These concerns were fueled by expectations that the U.S. The Federal Reserve would continue to raise interest rates in the future, which could impact the global economy.
In the US, the Dow, S&P 500, and NASDAQ indices all closed lower by 2.06%, 2.00%, and 2.50%, respectively.
The Hang Seng index is down by 0.31%, while the FTSE 100 index is down by 0.46%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower By 0.30%; Tracked Wall Street Losses
By the end of the trading session on 22 February 2023, the benchmark index S&P/ASX 200 ended lower by 0.30% and settled at 7,314.50. Out of 11 sectors, 6 sectors closed lower along with the ASX 200.
The Utilities and Consumer Staples sectors were the top gaining sectors, gained 4.79% and 1.20% respectively in their index values. The Consumer Discretionary and Material Sectors were the top 2 declining sectors, declined 1.29% and 0.78% respectively in their index value.
Origin Energy Limited (ASX: ORG) and The A2 Milk Company Limited (ASX: A2M) were the top gainers, with 12.696% and 6.250% growth in share prices, respectively. On the other hand, Domino’s Pizza Enterprises Limited (ASX: DMP) and News Corporation (ASX: NWS) were the top losers, with 23.809% and 8.943% 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