By the end of the day’s trade on 17 February 2022, ASX 200 index moved marginally up by 0.155% and settled at 7296.2. Most indices settled in the green zone except Information Technology and communication services.
The communication services sector was the worst performer for the day, with a drop of 3.04% in the index value. Information Technology and All technology index dropped 2.9% and 2.341%, respectively. The Healthcare sector was the top gainer for the day, with 2.97% growth in the index value. The index improved by 5.02% for the past 5 days. Big players from this segment, like CSL Limited (ASX: CSL), noted more than 5% growth in its share price and was amongst the top 5 gainers on ASX.
ASX 200 performance was driven by the encouraging results posted by several players within the index.
IPH Limited (ASX:IPH) was the top gainer for the day, with more than a 9% growth in the share price. The Company reported an 11% growth in EBITDA and a 4% increase in interim dividends. It highlighted that network and integration supported its underlying earnings in 1H FY2022 earnings.
On the other hand, Wesfarmers (ASX: WES) noted ~7.5% drop in its share price, driven by weak 1H FY2022 results. WES recorded a double-digit decline in its NPAT and operating cash flows. Thus, it became the top loser for the day.
Top performing Sectors for the day:
Healthcare (Up 2.965%)
Industrial (Up 0.869 %)
Worst performing sectors for the day:
Consumer Discretionary (Down 3.374%)
Communication services (Down 3.040%)
Factors Influencing Market on 17 February 2022:
NASDAQ Composite ended the session in the red zone. The index slipped by 0.11% and settled at 14,124.10.
There also exist fear amongst investors with respect to the increase in Russian troop near Ukraine.
Global Index Hang Seng dropped 0.35% and FTSE 100 by 0.07%.
NSW and Victoria announced ease of COVID-19 restriction.
Top 5 Gainers and Losers:
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Market Close Commentary: 17 February 2022
By the end of the day’s trade on 17 February 2022, ASX 200 index moved marginally up by 0.155% and settled at 7296.2. Most indices settled in the green zone except Information Technology and communication services.
The communication services sector was the worst performer for the day, with a drop of 3.04% in the index value. Information Technology and All technology index dropped 2.9% and 2.341%, respectively. The Healthcare sector was the top gainer for the day, with 2.97% growth in the index value. The index improved by 5.02% for the past 5 days. Big players from this segment, like CSL Limited (ASX: CSL), noted more than 5% growth in its share price and was amongst the top 5 gainers on ASX.
ASX 200 performance was driven by the encouraging results posted by several players within the index.
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IPH Limited (ASX:IPH) was the top gainer for the day, with more than a 9% growth in the share price. The Company reported an 11% growth in EBITDA and a 4% increase in interim dividends. It highlighted that network and integration supported its underlying earnings in 1H FY2022 earnings.
On the other hand, Wesfarmers (ASX: WES) noted ~7.5% drop in its share price, driven by weak 1H FY2022 results. WES recorded a double-digit decline in its NPAT and operating cash flows. Thus, it became the top loser for the day.
Top performing Sectors for the day:
Worst performing sectors for the day:
Factors Influencing Market on 17 February 2022:
Top 5 Gainers and Losers:
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 Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article 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, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au.au