ASX 200 Ended Lower By 0.85%, Dragged Down By Information Technology And Energy Sectors
By the end of the trading session on 07 December 2022, the benchmark index S&P/ASX 200 ended lower by 0.85% and settled at 7,229.40. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
The Material sector was the only gaining sector, gained 0.22% in its index value. On the other hand, the Information Technology and Energy sectors were the top 2 declining sectors, declined by 3.29% and 2.02% in their index values.
Coronado Global Resources Inc. (ASX: CRN) and Champion Iron Limited (ASX: CIA) were the top gainers, with 3.000% and 2.749% growth in share prices, respectively. On the other hand, Beach Energy Limited (ASX: BPT) and Paladin Energy Ltd (ASX: PDN) were the top losers, with a 9.891% and 7.383% drop in share prices, respectively.
S&P/ASX 200 is closed lower by 0.85% to 7229.40, as Australian economic growth came in below the market’s anticipations for the September quarter at 5.9% annually versus the lockdown-hit prior corresponding quarter.
The Australian yield curve inverted for the first time in 21 months amid investors is in a dilemma about whether the Australian Reserve Bank will increase the interest rates with the risk of rising recession.
The United Arab Emirates' non-oil private sector growth slowed in November and reached its slowest growth since January amid the global economic slowdown.
Oil prices declined to the lowest level since last December as investors pared back crude positions amid a broader market sell-off.
Dow has closed down by 1.03%, S&P 500 closed down by 1.44%, and NASDAQ closed down by 2.00%.
Hang Seng is up by 1.26%, and FTSE 100 is down by 0.61%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Lower By 0.85%, Dragged Down By Information Technology And Energy Sectors
By the end of the trading session on 07 December 2022, the benchmark index S&P/ASX 200 ended lower by 0.85% and settled at 7,229.40. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
The Material sector was the only gaining sector, gained 0.22% in its index value. On the other hand, the Information Technology and Energy sectors were the top 2 declining sectors, declined by 3.29% and 2.02% in their index values.
Also Read: Mid-Market: S&P/ASX 200 Trading Lower By 0.88%; Amid Heavy Sell-off
Coronado Global Resources Inc. (ASX: CRN) and Champion Iron Limited (ASX: CIA) were the top gainers, with 3.000% and 2.749% growth in share prices, respectively. On the other hand, Beach Energy Limited (ASX: BPT) and Paladin Energy Ltd (ASX: PDN) were the top losers, with a 9.891% and 7.383% 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