By the end of the trading session on 27 June 2022, the benchmark index S&P/ASX 200 ended higher by 1.94% and settled at 6,706.00. All 11 sectors closed higher along with the gain in the ASX 200. The Financial and Energy sectors were the top 2 gaining sectors, gained 2.64% and 2.56% in their index values.

Imugene Limited (ASX: IMU) and PointsBet Holdings Limited (ASX: PBH) were the top gainers with 45.454% and 12.449% growth in share prices, respectively. On the other hand, Evolution Mining Limited (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) were the top losers, with a 21.894% and 12.141% drop in share prices, respectively.

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Top Performers for the day:

• Financial (Up 2.64%)


• Energy (Up 2.56%)

Other Factors influencing the market:

• Australian shares closed higher amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of prolonged inflation and the accompanying aggressive Federal Reserve tightening.


• The financial sector leads the market after strong gains posted by all four major banks; Commonwealth Bank is up 3.97% to $93.740, ANZ 3.012% to $22.57, Westpac 2.25% to $19.92, and NAB 3.36% to $27.93.


• Imugene Limited’s share price gained 45.454% after the company announced positive final survival data from its phase 2 study of HER-Vaxx.


• The Information Technology sector closed higher following a 3.3% gain in the tech-heavy NASDAQ in the previous session.


• Evolution Mining Limited's share declined sharply by 21.894% to $2.640 after lowering its production guidance for the 2023 financial year.


• Oil prices declined as global economic concerns depressed the oil demand outlook while investors eyed the G7 meeting this week for possible moves on Russian oil exports and a revival of the Iran nuclear deal.


• Dow has closed up by 2.7%, S&P 500 up by 3.1%, and NASDAQ closed higher by 3.3%.


• Hang Seng is up by 2.11%, and FTSE 100 is up by 2.68%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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