By the end of the trading session on 18 February 2022, benchmark index ASX 200 dropped 1.021% and settled at 7221.7. Most indices ended the session on 18 February 2022 in the red zone. Utilities, health care, and Information technology sectors were the top losers for the day.
The market was driven by the news related to the potential Russian invasion of Ukraine coupled with the fear related to inflation. NASDAQ dropped significantly by 2.88% and settled at 13716.72. Dow Industrial declined 1.78% and settled at 34312.03.
Magellan Financial Group Limited (ASX: MFG) was the top gainer on ASX 200, delivering growth of 18.449% in its shares and settled at AU$21.700. The growth in the stock was driven by the solid result announced by the Company despite experiencing several challenges in the past couple of months.
On the other hand, QBE Insurance Group Limited (ASX: QBE) was the top loser on ASX. Its shares dropped over 8.5% and settled at AU$11.550. QBE shares dropped post the release of full-year results.
Top performing Sectors for the day:
Metal and Mining (Up 0.007%)
Worst performing sectors for the day:
Utilities (Down 4.07 %)
Health care (Down 3.070%)
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.
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Market Close Commentary: 18 February 2022
By the end of the trading session on 18 February 2022, benchmark index ASX 200 dropped 1.021% and settled at 7221.7. Most indices ended the session on 18 February 2022 in the red zone. Utilities, health care, and Information technology sectors were the top losers for the day.
The market was driven by the news related to the potential Russian invasion of Ukraine coupled with the fear related to inflation. NASDAQ dropped significantly by 2.88% and settled at 13716.72. Dow Industrial declined 1.78% and settled at 34312.03.
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Magellan Financial Group Limited (ASX: MFG) was the top gainer on ASX 200, delivering growth of 18.449% in its shares and settled at AU$21.700. The growth in the stock was driven by the solid result announced by the Company despite experiencing several challenges in the past couple of months.
On the other hand, QBE Insurance Group Limited (ASX: QBE) was the top loser on ASX. Its shares dropped over 8.5% and settled at AU$11.550. QBE shares dropped post the release of full-year results.
Top performing Sectors for the day:
Worst performing sectors for the day:
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