ASX 200 Closed Lower By 1.14%; Dragged Down By Materials and IT Sectors
By the end of the trading session on 11 July 2022, the benchmark index S&P/ASX 200 ended lower by 1.14% and settled at 6,602.20. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
The Healthcare sector was the only gaining sector, gained 0.12% in its index value. On the other hand, the Materials and Information Technology sectors were the top 2 losing sectors, declined 2.77% and 2.51% in their index values.
Imugene Limited (ASX: IMU) and Suncorp Group Limited (ASX: SUN) were the top gainers with 2.173% and 1.810% growth in share prices, respectively. On the other hand, EML Payments Limited (ASX: EML) and Novonix Limited (ASX: NVX) were the top losers, with a 24.610% and 11.383% drop in share prices, respectively.
S&P/ASX200 closed lower by 1.14% as investors are braced for a U.S. inflation report that could force another super-sized hike in interest rates and the start of an earnings season where profits could be under pressure.
EML Payment Limited’s share price dropped sharply after the company announced the surprise resignation of chief executive Tom Cregan.
Shares in Wall Street closed mixed in the previous session after the June jobs data confirmed that the Federal Reserve has room to raise interest rates at its next policy meeting later this month.
The energy sector declined due to a decline in the oil prices as worries about a recession and China's COVID-19 curbs hitting demand outweighed ongoing concerns about tight supply.
Costa Group’s share price declined as the company has warned of quality issues in its citrus crop due to weather events, most notably in Navel oranges, which has impacted pack-out rates.
Dow has closed down by 0.1%, S&P 500 down by 0.1%, and NASDAQ closed higher by 0.1%.
Hang Seng is down by 1.71%, and FTSE 100 is up by 0.10%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Lower By 1.14%; Dragged Down By Materials and IT Sectors
By the end of the trading session on 11 July 2022, the benchmark index S&P/ASX 200 ended lower by 1.14% and settled at 6,602.20. Out of 11 sectors, 10 sectors closed lower along with the ASX 200.
The Healthcare sector was the only gaining sector, gained 0.12% in its index value. On the other hand, the Materials and Information Technology sectors were the top 2 losing sectors, declined 2.77% and 2.51% in their index values.
Imugene Limited (ASX: IMU) and Suncorp Group Limited (ASX: SUN) were the top gainers with 2.173% and 1.810% growth in share prices, respectively. On the other hand, EML Payments Limited (ASX: EML) and Novonix Limited (ASX: NVX) were the top losers, with a 24.610% and 11.383% drop in share prices, respectively.
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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 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