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

Market Close Commentary: 24 January 2022

By the end of the day’s trade on 24 January 2022, ASX 200 settled in the red zone. The benchmark index dropped 0.506% and settled at 7139.5, majorly influenced by the weak performance of technology and material sectors.

 

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In the past five days, the index lost 3.75%, however, gained 4.99% over the last 52-weeks.

Worst performing Sectors for the day:

  • Information technology (Down- 1.58%)
  • Materials. (1.15%)

Top performing Sectors for the day:

  • A-REIT (Up- 1.44%)
  • Consumer staples (Up- 0.36%)

Top Gainers and Losers:

On ASX 200, Uniti Group Limited (ASX: UWL) and Goodman Group (ASX: GMG) were amongst top gainers while Regis Resources Limited (ASX: RRL) and Imugene Limited (ASX: IMU) were the top two losers on ASX.

UWL shares surged following the Company released an announcement related to share buyback. On the other hand, RRL shares slipped over 14% following the Company downgraded its full year production guidance.

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