By the end of the trading session on 22 February 2022, benchmark index ASX 200 settled in the red zone. The index slipped by 1% and settled at 7161.3. Most indices ended the session in the red zone, probably driven by the war fears as Russian President Vladimir Putin ordered troops to eastern Ukraine.
The energy sector was the top gainer on 22 February 2022. Because of the fear of the growing conflict between Ukraine and Russia, oil prices have gone up. Significant growth is seen in Crude Oil WTI Futures. Brent oil futures were up by 1.83%.
8 out of 11 sectors were lower, along with the S&P/ASX 200 Index. Information technology was the worst performer for the day. It slipped 3.205% during the day and settled at 1579.6. NASDAQ Composite index dropped by 1.23% and NASDAQ-100 by 1.14%.
Also, a significant drop was seen in the shares of technology players like Tyro (ASX: TYR) and Zip Co Limited (ASX: Z1P). Tyro shares have dropped consistently from the last two days post the release of its half-yearly results.
Top performing Sectors for the day:
Energy (up 1.944%)
Consumer Staples (up 1.82%)
Healthcare (up 1.071%)
Worst performing sectors for the day:
Information Technology (Down 3.205%)
Consumer Discretionary (Down 2.667%)
Top 5 Gainers and Losers:
The shares of Cochlear Limited (ASX: COH) and Costa Group Holdings Limited (ASX: CGC) surged following the release of the financial results. Both these companies were the top gainers for the day. On the other hand, the shares of Nanosonics Limited (ASX: NAN) and Liontown Resources Limited (ASX: LTR) dropped significantly by ~13.14% and ~10.78% and became the top losers on ASX. NAN shares slipped post the Company reported a 45% drop in its NPAT.
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Market Close Commentary: 22 February 2022
By the end of the trading session on 22 February 2022, benchmark index ASX 200 settled in the red zone. The index slipped by 1% and settled at 7161.3. Most indices ended the session in the red zone, probably driven by the war fears as Russian President Vladimir Putin ordered troops to eastern Ukraine.
The energy sector was the top gainer on 22 February 2022. Because of the fear of the growing conflict between Ukraine and Russia, oil prices have gone up. Significant growth is seen in Crude Oil WTI Futures. Brent oil futures were up by 1.83%.
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8 out of 11 sectors were lower, along with the S&P/ASX 200 Index. Information technology was the worst performer for the day. It slipped 3.205% during the day and settled at 1579.6. NASDAQ Composite index dropped by 1.23% and NASDAQ-100 by 1.14%.
Also, a significant drop was seen in the shares of technology players like Tyro (ASX: TYR) and Zip Co Limited (ASX: Z1P). Tyro shares have dropped consistently from the last two days post the release of its half-yearly results.
Top performing Sectors for the day:
Worst performing sectors for the day:
Top 5 Gainers and Losers:
The shares of Cochlear Limited (ASX: COH) and Costa Group Holdings Limited (ASX: CGC) surged following the release of the financial results. Both these companies were the top gainers for the day. On the other hand, the shares of Nanosonics Limited (ASX: NAN) and Liontown Resources Limited (ASX: LTR) dropped significantly by ~13.14% and ~10.78% and became the top losers on ASX. NAN shares slipped post the Company reported a 45% drop in its NPAT.
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