By the end of the trading session on 23 June 2022, the benchmark index S&P/ASX 200 ended higher by 0.31% and settled at 6,528.40. Out of 11 sectors, 9 sectors closed higher along with the gain in the ASX 200.

The A-REIT and Healthcare sectors were the top 2 gaining sectors, gained 2.71% and 1.97% in their index values. On the other hand, the Energy and Materials sectors were the top 2 losing sectors, declined 2.06% and 1.50% in their index values.

Blackmores Limited (ASX: BKL) and Goodman Group (ASX: GMG) were the top gainers with 5.405% and 4.869% growth in share prices, respectively. On the other hand, St Barbara Limited (ASX: SBM) and PointsBet Holdings Limited (ASX: PBH) were the top losers, with a 13.514% and 10.949% drop in share prices, respectively.

 Copyright © 2022 Kapitales Research

Top Performers for the day:

• A-REIT (Up 2.71%)
• Healthcare (Up 1.97%)

Top Loser for the day:                                    

• Energy (Down 2.06%)
• Materials (Down 1.50%)

Other Factors influencing the market:

• Ramelius Resources' share price dropped after the company announced that gold production for the 2022 financial year would fall marginally short of its current guidance range of 260,000 to 265,000 ounces.
• The materials sector declined, with Rio Tinto down 1.78 % to $102.63, BHP declined 1.29% to $40.50, and Fortescue also down 2.09% to $17.25.
• Falling iron ore prices weighed on the mining sector, with Chinese futures declining on Wednesday to their lowest level in 16 weeks due to worries about an oversupply of steel in China.
• Oil prices retreated as concern over a global economic slowdown intensified, with Federal Reserve chairman Jerome Powell warning that a US recession is possible.
• Dow has closed down by 0.2%, S&P 500 down by 0.1%, and NASDAQ closed lower by 0.2%.
• Hang Seng is up by 1.65%, and FTSE 100 is down by 0.48%.

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 2072, Australia | 1800 005 780 | info@kapitales.com.au