By the end of the day’s trade on 25 February 2022, the benchmark index showed a marginal growth of 0.103% and settled at 6997.8. Six out of the eleven sectors on ASX ended higher along with ASX 200. The Information Technology sector was the top performer for the day. The index surged 8.136% and settled at 1633.4. The sector was driven by the significant growth in the share price of Block Inc. (ASX: SQ2) (the new owner of Afterpay).
Other players from this sector, like Life360 Inc (ASX:360), Tyro Payments Limited (ASX: TYR), and Appen Limited (ASX: APX), were amongst the top five gainers with 22.008%, 10.921%, and 8.674% growth in their share price.
On the other hand, the financials, consumer staples, healthcare, materials, and utilities sectors were the top losers. BLACKMORES LIMITED (ASX:BKL) and Magellan Financial Group Limited (ASX:MFG) were the top losers, with more than a 10% drop in share prices.
ASX 200 was also driven by the rebound in the tech stock stocks after Wall Street ended the previous day sharply after the US revealed more sanctions against Russia after Moscow invaded Ukraine.
NASDAQ Composite surged 3.34% and NASDAQ-100 by 3.44%. S&P 500 jumped 1.5% and RUSSELL 2000 by 2.67%.
Top 5 Gainers and Losers:
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Market Close Commentary: 25 February 2022
By the end of the day’s trade on 25 February 2022, the benchmark index showed a marginal growth of 0.103% and settled at 6997.8. Six out of the eleven sectors on ASX ended higher along with ASX 200. The Information Technology sector was the top performer for the day. The index surged 8.136% and settled at 1633.4. The sector was driven by the significant growth in the share price of Block Inc. (ASX: SQ2) (the new owner of Afterpay).
Other players from this sector, like Life360 Inc (ASX:360), Tyro Payments Limited (ASX: TYR), and Appen Limited (ASX: APX), were amongst the top five gainers with 22.008%, 10.921%, and 8.674% growth in their share price.
On the other hand, the financials, consumer staples, healthcare, materials, and utilities sectors were the top losers. BLACKMORES LIMITED (ASX:BKL) and Magellan Financial Group Limited (ASX:MFG) were the top losers, with more than a 10% drop in share prices.
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Top Performers for the day:
Top Losers for the day:
Other Factors influencing the market:
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