News

Market Alert : Global Sell-Off Extends: Liquidity Fears and Growth Concerns Dominate

Market Close Commentary: 10 February 2022

By the end of the trading session on 10 February 2022, benchmark index ASX 200 settled at 7,288.50, up 0.278% from the previous close. The sector was partly driven by the mixed performance of various indices on ASX. The index was also influenced by the S&P 500, Dow Jones, and NASDAQ performances, which were up by 1.45%, 0.86%, and 2.08%, respectively. S&P/ASX 200 Information Technology

Amongst various indices listed on ASX, S&P/ASX 200 Information Technology was the top gainer. The index improved by 2.613% and settled at 1798.4. On the other hand, S&P/ASX 200 Consumer Discretionary, S&P/ASX 200 Consumer Staples, S&P/ASX 200 Health Care, S&P/ASX 200 Industrials, and S&P/ASX 200 Communication Services sector ended the session in the red zone.

 Copyright © 2022 Kapitales Research

On 10 February 2022, Bapcor Limited (ASX: BAP) and Megaport Limited (ASX: MP1) were the top gainers on up 10.00% and 7.64%, respectively, driven by the solid results announced by these companies.

Top performing Sectors for the day:

  • Information Technology (Up 2.61%)

Worst performing sectors for the day:

  • Consumer Staples (Down 0.792%)
  • Healthcare (Down 0.831%)

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