By the end of the day’s trade, benchmark index ASX 200 settled in the green zone with a marginal growth of 0.62% in the index value. The index settled at 7205.7, up 0.62% from its previous close.
The information technology sector was the top gainer on 23 February 2022 with 2.165% growth in the index value and settled at 1613.8. On the other hand, utilities and A-REIT were the top losers with a marginal drop of 0.7% and 0.131% in the respective indices.
9 out of 11 sectors ended higher along with ASX 200. The market’s overall performance was driven by the financial results posted by ASX-listed players. Hub24 Limited (ASX: HUB) was the top gainer for the day, with 9.846% growth in the share price and settled at AU$27.110. HUB’s stocks have been up since the last two days post the Company posted its solid financial results. Its NPAT grew by 103% and underlying EBITDA by 80%.
On the other hand, Domino’s Pizza Enterprises Limited (ASX: DMP) was a top loser with a significant drop of over 14% in its share price. The shares dropped following the release of 1H FY2022 results, where the Company reported a 5.3% drop in the underlying NPAT.
Top performing Sectors for the day:
Information Technology (Up 2.165%)
Communication services (Up 1.852%)
Worst performing sectors for the day:
Utilities (Down 0.700%)
A-REIT (Down 0.313%)
Other Factors influencing the market:
Other than the financial results released by most ASX-listed players, below are some reasons which could have influenced the market today.
Russian President Vladimir Putin swore the previous day that there would be continuous gas supplies to the world after Germany halted a vital gas pipeline’s certification over Moscow’s troop placement to 2 breakaway areas in eastern Ukraine.
Commodity prices stay elevated. However, traders still fear the situation on Europe’s eastern edge.
Top 5 Gainers and Losers:
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Market Close Commentary: 23 February 2022
By the end of the day’s trade, benchmark index ASX 200 settled in the green zone with a marginal growth of 0.62% in the index value. The index settled at 7205.7, up 0.62% from its previous close.
The information technology sector was the top gainer on 23 February 2022 with 2.165% growth in the index value and settled at 1613.8. On the other hand, utilities and A-REIT were the top losers with a marginal drop of 0.7% and 0.131% in the respective indices.
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9 out of 11 sectors ended higher along with ASX 200. The market’s overall performance was driven by the financial results posted by ASX-listed players. Hub24 Limited (ASX: HUB) was the top gainer for the day, with 9.846% growth in the share price and settled at AU$27.110. HUB’s stocks have been up since the last two days post the Company posted its solid financial results. Its NPAT grew by 103% and underlying EBITDA by 80%.
On the other hand, Domino’s Pizza Enterprises Limited (ASX: DMP) was a top loser with a significant drop of over 14% in its share price. The shares dropped following the release of 1H FY2022 results, where the Company reported a 5.3% drop in the underlying NPAT.
Top performing Sectors for the day:
Worst performing sectors for the day:
Other Factors influencing the market:
Other than the financial results released by most ASX-listed players, below are some reasons which could have influenced the market today.
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