By the end of trading session on 08 February 2022, benchmark index ASX 200 ended in the green zone. The index moved up by 1.07% and settled at 7,186.70. Most of the indices settled in the green zone.
S&P/ASX 200 Materials, S&P/ASX 200 Resources and S&P/ASX 300 Metals and Mining were the top gainers for the day, with growth of over 2% in the indices value. On the other hand, S&P/ASX 200 Information Technology was the top loser for the day. It slipped by 1.62% and settled at 1681.9.
One of the probable reasons influencing the mining sector is that the WA Government has continued its investment in mineral exploration by adding considerable funding to Exploration incentive scheme.
Many investors reacted positively to the quarterly earnings report and strong iron ore price during the trading hours.
Federal government announced to reopen international borders. The announcement had a positive impact of the players like Webjet, Magellan Financial Group, and Flight Centre. These companies were the top gainers on ASX 200 today.
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Market Close Commentary: 8 February 2022
By the end of trading session on 08 February 2022, benchmark index ASX 200 ended in the green zone. The index moved up by 1.07% and settled at 7,186.70. Most of the indices settled in the green zone.
S&P/ASX 200 Materials, S&P/ASX 200 Resources and S&P/ASX 300 Metals and Mining were the top gainers for the day, with growth of over 2% in the indices value. On the other hand, S&P/ASX 200 Information Technology was the top loser for the day. It slipped by 1.62% and settled at 1681.9.
One of the probable reasons influencing the mining sector is that the WA Government has continued its investment in mineral exploration by adding considerable funding to Exploration incentive scheme.
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Top performing Sectors for the day:
Worst performing sectors for the day:
Factors influencing ASX 200:
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