ASX 200 rose for the first time in three sessions, taking it to a new nine-month high

By the end of the trading session on 01 February 2023, the benchmark index S&P/ASX 200 ended Higher by 0.33% and settled at 7,501.70. Out of 11 sectors, 8 sectors closed higher along with the ASX 200.

The A-REIT and Industrials sectors were the top 2 gaining sectors, gained 1.46% and 0.70% respectively in their index values. The Energy and Information Technology sectors were the top 2 declining sectors, declined 1.16% and 0.42% respectively in their index values.

Flight Centre Travel Group Limited (ASX: FLT) and James Hardie Industries Plc (ASX: JHX) were the top gainers, with 8.085% and 4.292% growth in share prices, respectively. On the other hand, Pinnacle Investment Management Group Limited (ASX: PNI) and Paladin Energy Ltd (ASX: PDN) were the top losers, with 7.212% and 4.118% drop in share prices, respectively.

Copyright © 2022 Kapitales Research

Top Gainers for the day:

• A-Reit (Up 1.46%)
• Industrials (Up 0.70%)   

Top loser for the day:

• Energy (Down 1.16%)
• Information Technology (Down 0.42%)

Other Factors influencing the market:

• S&P/ASX was higher today following concerns that wage growth in the United States was slowing, and the Federal Reserve convened to deliberate on interest rates.
• Oil prices increased today as indications of slowing inflation in the United States reduced worries that the world's top oil user might enter a recession.
• China's factory activity shrank more slowly in January than in the previous month after China's zero-COVID policy ended.
• Most Asian currencies moved slightly in anticipation of a Federal Reserve meeting. The Chinese yuan rose 0.1%, the Japanese yen was muted, and the South Korean won increased 0.2%.
• Credit Corp Group Limited rose nearly 2% despite a steep decline in net profit in the first half of 2023.
• Flight Centre’s share price gained after the company announced the completion of the AU$180 share placement.

• Dow has closed up by 1.09%, S&P 500 up by 1.46%, and NASDAQ ended higher by 1.67%.
• The Hang Seng is up by 0.76% and the FTSE 100 is down by 0.17%.

 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