ASX 200 Ended Lower By 0.42%; Dragged Down By Energy And Materials Sectors
By the end of the trading session on 28 November 2022, the benchmark index S&P/ASX 200 ended lower by 0.42% and settled at 7,229.10. Out of 11 sectors, 7 sectors closed lower along with the ASX 200.
The Telecommunication Services and A-REIT sectors were the top 2 gaining sectors, gained 0.62% and 0.57% in their index values. On the other hand, the Energy and Materials sectors were the top 2 declining sectors, declined by 1.68% and 0.91% in their index values.
New Hope Corporation Limited (ASX: NHC) and Whitehaven Coal Limited (ASX: WHC) were the top gainers, with 5.380% and 3.969% growth in share prices, respectively. On the other hand, Healius Limited (ASX: HLS) and Liontown Resources Limited (ASX: LTR) were the top losers, with an 10.089% and 7.500% drop in share prices, respectively.
S&P/ASX 200 closed lower today on concerns over the spread of COVID-19 in China and after Wall Street closed mixed in shortened Thanksgiving holiday trade.
Bank of Queensland Limited’s share price declined following an announcement that the company’s chief executive George Frazis will leave the bank effective today.
Lithium stocks extended their loss amid demand concerns in China; Liontown Resources fell 7.5% to $1.85, Lake Resources declined 5.1% to 93.5¢ and IGO shed 3.7% to $14.49.
Australian Bureau of Statistics announced that Australian retail sales fell 0.2% in October month-on-month. This is the first monthly fall of the year in Retail Trade after a 0.6% rise in both August and September 2022.
Copper prices dropped sharply today amid growing civil unrest in China over renewed COVID-19 lockdowns, while gold prices edged lower as markets awaited more signals on U.S. monetary policy from key economic data this week.
Oil prices hit their lowest level since 2021 today as growing protests in several major Chinese cities ramped up concerns over increased economic disruptions in the world’s largest crude importer.
Dow has closed up by 0.45%, S&P 500 down by 0.03%, and NASDAQ closed lower by 0.52%.
Hang Seng is down by 2.36%, and FTSE 100 is up by 0.27%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower By 0.42%; Dragged Down By Energy And Materials Sectors
By the end of the trading session on 28 November 2022, the benchmark index S&P/ASX 200 ended lower by 0.42% and settled at 7,229.10. Out of 11 sectors, 7 sectors closed lower along with the ASX 200.
The Telecommunication Services and A-REIT sectors were the top 2 gaining sectors, gained 0.62% and 0.57% in their index values. On the other hand, the Energy and Materials sectors were the top 2 declining sectors, declined by 1.68% and 0.91% in their index values.
Also read-: Mid-Market: S&P/ASX 200 Trading Lower By 0.38%; Dragged Down By Energy And Materials Sectors
New Hope Corporation Limited (ASX: NHC) and Whitehaven Coal Limited (ASX: WHC) were the top gainers, with 5.380% and 3.969% growth in share prices, respectively. On the other hand, Healius Limited (ASX: HLS) and Liontown Resources Limited (ASX: LTR) were the top losers, with an 10.089% and 7.500% drop in share prices, respectively.
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Top Performers 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