ASX 200 Ended Lower By 1.40%; Amid Heavy Sell Off

By the end of the trading session on 10 October 2022, the benchmark index S&P/ASX 200 ended lower by 1.40% and settled at 6,667.80. All 11 sectors closed lower along with the ASX 200. The Utilities and Information Technology were the top 2 declining sectors, declined by 3.18% and 2.59% in their index values.

Sims Limited (ASX: SGM) and Fortescue Metals Ltd (ASX: FMG) were the top gainers, with 2.184% and 1.848% growth in share prices, respectively. On the other hand, Johns Lyng Group Limited (ASX: JLG) and Capricorn Metals Ltd (ASX: CMM) were the top losers, with a 14.826% and 10.082% drop in share prices, respectively.

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Top Loser for the day:                                     

• Utilities (Down 3.18%)
• Information Technology (Down 2.59%)

Other Factors influencing the market:

• Australian share market declined after the U.S. economy added more jobs than expected, and America's unemployment rate dropped to 3.5%, keeping the Federal Reserve on a hawkish footing.
• Tabcorp Holdings’ share price gained 1.6% following the announcement that it will invest $33 million for a 20% equity interest in the digital wagering platform Dabble Sports.
• Johns Lyng’s share price declined 9.7% after announcing that its CEO Scott Didier sold 4 million shares in the company.
• The U.S. dollar rose against major currencies and held its lead after positive jobs data in the U.S. on Friday reinforced the case for the Federal Reserve to stick to its aggressive interest rate path.
• The oil prices fell today as an unexpected contraction in China’s service sector fueled fears of slowing demand, although an OPEC supply cut and the prospect of more disruptions in Russia kept prices pinned near a one-month high.
• Dow has closed down by 2.1%, S&P 500 down by 2.8%, and NASDAQ closed lower by 3.8%.
• Hang Seng is down by 2.91%, and FTSE 100 is down by 0.09%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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