ASX 200 Ended Lower By 0.47%, RBA Raised Cash Rate By 0.25% To 3.1%
By the end of the trading session on 06 December 2022, the benchmark index S&P/ASX 200 ended lower by 0.47% and settled at 7,291.30. Out of 11 sectors, 7 sectors closed lower along with the ASX 200.
The Utilities and Industrials sectors were the top 2 gaining sectors, gained by 0.53% and 0.33% in their index values. On the other hand, The Information Technology and A-REIT sectors were the top 2 declining sectors, decline by 2.04% and 1.08% in their index values.
Whitehaven Coal Limited (ASX: WHC) and Fletcher Building Limited (ASX: FBU) were the top gainers, with 2.722% and 2.580% growth in share prices, respectively. On the other hand, Novonix Limited (ASX: NVX) and St Barbara Limited (ASX: SBM) were the top losers, with 8.850% and 8.760% drop in share prices, respectively.
S&P/ASX 200 closed lower by 0.47% to 7291.30, amid a late sell-off driven by the Reserve Bank raising the cash rate a quarter percentage point to 3.1% and indicating further tightening in 2023.
BOQ closed down by 0.348% after its Chief Executive Officer was suddenly dumped as he lost the board's faith.
The Reserve Bank of Australia hiked cash rates for the eighth time since May 2022 to 3.1% from 0.1%.
Most Asian currencies dropped as the dollar is getting strong amid a forecast of an aggressive interest rate hike by the US central bank.
Oil prices rose amid the prediction of recovery in Chinese demand, but fear of the US Federal Reserve of aggressive interest rate hike persists.
Dow has closed down by 1.40%, S&P 500 down by 1.79%, and NASDAQ closed down by 1.93%.
Hang Seng is down by 1.20%, and FTSE 100 is up by 0.15%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower By 0.47%, RBA Raised Cash Rate By 0.25% To 3.1%
By the end of the trading session on 06 December 2022, the benchmark index S&P/ASX 200 ended lower by 0.47% and settled at 7,291.30. Out of 11 sectors, 7 sectors closed lower along with the ASX 200.
The Utilities and Industrials sectors were the top 2 gaining sectors, gained by 0.53% and 0.33% in their index values. On the other hand, The Information Technology and A-REIT sectors were the top 2 declining sectors, decline by 2.04% and 1.08% in their index values.
Whitehaven Coal Limited (ASX: WHC) and Fletcher Building Limited (ASX: FBU) were the top gainers, with 2.722% and 2.580% growth in share prices, respectively. On the other hand, Novonix Limited (ASX: NVX) and St Barbara Limited (ASX: SBM) were the top losers, with 8.850% and 8.760% 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