By the end of the day’s trade on 25 January 2022, ASX 200 settled in the red zone, driven by increase in the inflation. Australia’s core consumer prices have increased the mid-point of RBA’s target of 2% to 3% since 2014. The benchmark index dropped 2.492% and settled at 6961.6, majorly influenced by the weak performance of most indices on ASX. Indices like technology, mining, resources, emerging companies, and energy sectors were amongst the worst performers for the day, with a significant drop of more than 3% in their respective index values.
What are the Possible reasons of weak market performance globally?
Most stocks markets around the world ended the session in the red zone because of the sharp fall in the global markets after the indication from the US Federal Reserve that it will tighten the liquidity and hike interest rate.
Another reason influencing the markets on 25 January 2022 was the tension between the West and Russia over Ukraine.
In the past five days, the index lost 6.04%, however, gained 2.01% over the last 52-weeks.
Worst performing Sectors for the day:
Energy (Down: 4.08%),
Information technology (Down: 3.23%).
A-REIT (Down: 3.05%)
Top performing Sectors for the day:
NA
Top Gainers and Losers:
On ASX 200, Codan Limited (ASX: CDA) and The A2 Milk Company Limited (ASX: A2M) were amongst the top gainers. At the same time, Liontown Resources Limited (ASX: LTR) and Chalice Mining Limited (ASX: CHL) were the top two losers on ASX.
CDA shares surged as the company announced excellent sales and profit numbers. On the other hand, LTR shares slipped near 10%, probably driven by weak sectoral performance.
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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.
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Market Close Commentary: 25 January 2022
By the end of the day’s trade on 25 January 2022, ASX 200 settled in the red zone, driven by increase in the inflation. Australia’s core consumer prices have increased the mid-point of RBA’s target of 2% to 3% since 2014. The benchmark index dropped 2.492% and settled at 6961.6, majorly influenced by the weak performance of most indices on ASX. Indices like technology, mining, resources, emerging companies, and energy sectors were amongst the worst performers for the day, with a significant drop of more than 3% in their respective index values.
What are the Possible reasons of weak market performance globally?
Most stocks markets around the world ended the session in the red zone because of the sharp fall in the global markets after the indication from the US Federal Reserve that it will tighten the liquidity and hike interest rate.
Another reason influencing the markets on 25 January 2022 was the tension between the West and Russia over Ukraine.
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In the past five days, the index lost 6.04%, however, gained 2.01% over the last 52-weeks.
Worst performing Sectors for the day:
Top performing Sectors for the day:
Top Gainers and Losers:
On ASX 200, Codan Limited (ASX: CDA) and The A2 Milk Company Limited (ASX: A2M) were amongst the top gainers. At the same time, Liontown Resources Limited (ASX: LTR) and Chalice Mining Limited (ASX: CHL) were the top two losers on ASX.
CDA shares surged as the company announced excellent sales and profit numbers. On the other hand, LTR shares slipped near 10%, probably driven by weak sectoral performance.
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