By the end of the trading session on 03 March 2022, benchmark index S&P/ASX200 closed up, gaining 0.488% and settled at 7151.4. Out of 11 sectors, 6 ended higher along the benchmark index. The materials sector was the top gainer with a 2.70% growth in the index value. The sector gained 8.53% for the past five days. The sector was influenced by the conflict in Ukraine and the subsequent sanctions on Russia, which drove the prices of oil, gas, wheat, coal, and other commodities.
On the other hand, the Consumer Staples sector dropped 2.256% and settled at 12567.6. Other sectors like Financials, Health Care, Information Technology and Communication Services could not perform well.
PointsBet Holdings Limited (ASX:PBH) and Whitehaven Coal Limited (ASX: WHC) were the top gainers on ASX 200 with a growth of 18.206% and 10.614% in their share prices, respectively.
On the other hand, PolyNovo Limited (ASX: PNV) and Platinum Asset Management Limited (ASX: PTM) was the top loser on ASX 200 with a 6.356% and 5.173% drop in the share price.
Top Performers for the day:
Resources (Up 2.877%)
Metal and Mining (Up 2.862%)
Top Losers for the day:
Consumer Staples (Down 2.256%)
Healthcare (Down 1.318%)
Other Factors influencing the market:
Financial sector was influenced after US Federal Reserve Chair Jerome Powell gave a hint about the interest rate hike.
Also, Russia’s central bank imposed a 30% commission on the purchase of foreign currency.
Real-estate sector is probably influenced by the interest rate’s rise and geopolitical fears.
The Hang Seng is up 0.45%, and the FTSE 100 is up 1.36% today.
NASDAQ Composite, NASDAQ-100 was up by 1.62% and 1.70%, respectively.
S&P 500, Dow Industrial, and NYSE Composite settled in the green zone.
Top 5 Gainers and Losers:
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.
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Market Close Commentary: 03 March 2022
By the end of the trading session on 03 March 2022, benchmark index S&P/ASX200 closed up, gaining 0.488% and settled at 7151.4. Out of 11 sectors, 6 ended higher along the benchmark index. The materials sector was the top gainer with a 2.70% growth in the index value. The sector gained 8.53% for the past five days. The sector was influenced by the conflict in Ukraine and the subsequent sanctions on Russia, which drove the prices of oil, gas, wheat, coal, and other commodities.
On the other hand, the Consumer Staples sector dropped 2.256% and settled at 12567.6. Other sectors like Financials, Health Care, Information Technology and Communication Services could not perform well.
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PointsBet Holdings Limited (ASX:PBH) and Whitehaven Coal Limited (ASX: WHC) were the top gainers on ASX 200 with a growth of 18.206% and 10.614% in their share prices, respectively.
On the other hand, PolyNovo Limited (ASX: PNV) and Platinum Asset Management Limited (ASX: PTM) was the top loser on ASX 200 with a 6.356% and 5.173% drop in the share price.
Top Performers for the day:
Top Losers for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers:
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