By the end of the trading session on 22 June 2022, the benchmark index S&P/ASX 200 ended lower by 0.23% and settled at 6,508.50. Out of 11 sectors, 6 sectors closed lower along with the gain in the ASX 200.

The Utilities and Energy were the top 2 gaining sectors, gained 2.05% and 1.52% in their index values. On the other hand, the Information Technology and Consumer Discretionary sectors were the top 2 losing sectors, declined 1.52% and 1.36% in their index values.

Iress Limited (ASX: IRE) and APA Group (ASX: APA) were the top gainers with 4.510% and 4.201% growth in share prices, respectively. On the other hand, St Barbara Limited (ASX: SBM) and Zip Co Limited (ASX: ZIP) were the top losers, with an 18.142% and 11.429% drop in share prices respectively.

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Top Performers for the day:

• Utilities (Up 2.05%)
• Energy (Up 1.52%)

Top Loser for the day:                                    

• Information Technology (Down 1.52%)
• Consumer Discretionary (Down 1.36%)

Other Factors influencing the market:

• UK inflation rose to a new 40-year high in May after broad increases in the cost of everything from fuel and electricity to food and beverages.
• Zip closed down by 11.42% to AU $0.465 despite releasing an announcement in the afternoon reassuring shareholders that it is well placed to respond to and offset rising interest rates.
• The rally in the US market came even after Goldman Sachs lifted its probability of the US entering a recession over the next year to 30% from 15%, in line with the Federal Reserve's decision to raise rates fast.
• St Barbara's share price dropped sharply after announcing a strategic review about whether to proceed with a project to extend the life of its Simberi mine in Papua New Guinea.
• Dow has closed up by 2.2%, S&P 500 up by 2.5%, and NASDAQ closed higher by 2.5%.
• Hang Seng is down by 1.90%, and FTSE 100 is up by 0.42%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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