S&P/ASX 200 Fell 0.77% following Hawkish Instance Of FED
By the end of the trading session on 08 March 2023, the benchmark index S&P/ASX 200 ended lower by 0.77% and settled at 7,307.80. Out of 11 sectors, 9 sectors closed lower along with the ASX 200.
The Health Care and Telecommunication Services sectors were the top gaining sectors, gained 0.25% and 0.17% respectively in their index values. The Energy and Materials Sectors were the top 2 declining sectors, declined 4.24% and 1.12% respectively in their index values.
Nanosonics Limited (ASX: NAN) and Iress Limited (ASX: IRE) were the top gainers, with 7.505% and 3.089% growth in share prices, respectively. On the other hand, Ramelius Resources Limited (ASX: RMS) and Woodside Energy Group Ltd (ASX: WDS) were the top losers, with 10.910% and 7.231% drop in share prices, respectively.
The S&P/ASX 200 declined by 0.77% as investors analysed Reserve Bank of Australia governor Philip Lowe's speech following the bank's 25 basis point rise.
Oil prices began to regain today after some of their recent losses due to the likelihood of restricting U.S. supply; however, concerns about increasing interest rates due to the Federal Reserve's recent hawkish signals also contributed to the recovery.
Asian shares sank dramatically on Wednesday, as the dollar rose after hawkish comments from Federal Reserve Chair Jerome Powell highlighted the potential of the U.S. central bank resorting to hefty rate rises to confront sticky inflation.
Invocare Limited dropped 0.6% as TPG increased its position in the firm to 19.98%, increasing its chances of completing a clean takeover without any competitors.
Dow has closed lower by 1.72%, S&P 500 closed lower by 1.53%, and NASDAQ closed lower by 1.25%.
The Hang Seng is down by 2.44%. and the FTSE 100 is down by 0.13%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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S&P/ASX 200 Fell 0.77% following Hawkish Instance Of FED
By the end of the trading session on 08 March 2023, the benchmark index S&P/ASX 200 ended lower by 0.77% and settled at 7,307.80. Out of 11 sectors, 9 sectors closed lower along with the ASX 200.
The Health Care and Telecommunication Services sectors were the top gaining sectors, gained 0.25% and 0.17% respectively in their index values. The Energy and Materials Sectors were the top 2 declining sectors, declined 4.24% and 1.12% respectively in their index values.
Nanosonics Limited (ASX: NAN) and Iress Limited (ASX: IRE) were the top gainers, with 7.505% and 3.089% growth in share prices, respectively. On the other hand, Ramelius Resources Limited (ASX: RMS) and Woodside Energy Group Ltd (ASX: WDS) were the top losers, with 10.910% and 7.231% drop in share prices, respectively.
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Top Gainers for the day:
Top loser for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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 Enva Australia Pty Ltd (AFSL 424494). The information contained in this website 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, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au