ASX 200 Slipped 0.69%; 10 Out Of 11 Sectors Closed Lower
By the end of the trading session on 26 May 2022, the benchmark index S&P/ASX 200 ended lower by 0.69% and settled at 7105.90. 10 out of 11 sectors closed lower along with the ASX 200. The Information Technology was the only gaining sector, gained 1.02% in its index value. On the other hand, the Consumer Staples and Utilities sectors were the top 2 losing sectors, declined 2.46% and 1.22% in their index values.
S&P/ASX 200 dragged down as the investors reacted cautiously after minutes from the Federal Reserve's early May meeting. Most participants backed half-percentage point rate hikes in June and July, and as persistent concerns over global growth sapped confidence.
Appen Limited (ASX: APX) and ALS Limited (ASX: ALQ) were the top gainers with 29.218% and 6.078% growth in share prices, respectively. On the other hand, Endeavour Group Limited (ASX: EDV) and Nanosonics Limited (ASX: NAN) were the top losers, with a 6.006% and 5.685% drop in the share price, respectively.
On Thursday, South Korea's central bank raised interest rates for a second consecutive meeting as it is facing consumer inflation at 13-year highs.
Appen Limited shares were placed in a trading halt after gaining 29.218% following the company received a $1.2 billion takeover bid from Canada-listed Telus International.
The Information Technology sector roses 1.02%, mirroring the gain in the NASDAQ in the previous session as the latest Federal Reserve meeting minutes met expectations for a faster pace of rate rises to combat persistently high inflation.
Dow has closed up by 0.6%, S&P 500 up by 1.0%, and NASDAQ closed higher by 1.5%.
Hang Seng is down by 0.83%, and FTSE 100 is up by 0.51%.
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 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
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
ASX 200 Slipped 0.69%; 10 Out Of 11 Sectors Closed Lower
By the end of the trading session on 26 May 2022, the benchmark index S&P/ASX 200 ended lower by 0.69% and settled at 7105.90. 10 out of 11 sectors closed lower along with the ASX 200. The Information Technology was the only gaining sector, gained 1.02% in its index value. On the other hand, the Consumer Staples and Utilities sectors were the top 2 losing sectors, declined 2.46% and 1.22% in their index values.
S&P/ASX 200 dragged down as the investors reacted cautiously after minutes from the Federal Reserve's early May meeting. Most participants backed half-percentage point rate hikes in June and July, and as persistent concerns over global growth sapped confidence.
Appen Limited (ASX: APX) and ALS Limited (ASX: ALQ) were the top gainers with 29.218% and 6.078% growth in share prices, respectively. On the other hand, Endeavour Group Limited (ASX: EDV) and Nanosonics Limited (ASX: NAN) were the top losers, with a 6.006% and 5.685% drop in the share price, respectively.
Copyright © 2022 Kapitales Research
Top Performers 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 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