By the end of the trading session on 21st March 2022, benchmark index ASX 200 settled in the red zone. The ASX 200 decreased 15.90 points or 0.22% to 7,278.50. Out of 11 sectors, six sectors ended lower with ASX 200 index. Information technology was the top gainer for the day, with 2.459% growth in the index.
On the other hand, the industrial sector was the top loser with a 1.237% drop in the index value.
Most stocks on ASX ended lower because investors were focusing on a peace deal between Russia and Ukraine. Russia continues its invasion of Ukraine, which fueled inflation by driving up the price of crucial commodities like oil and wheat.
Further, oil prices moved up today. Brent oil futures improved over 3% during the day to US$111.25. Also, gold prices moved up, driven by the safe-haven demand as there seem to be no signs of abatement. Gold Spot is up marginally by 0.16% to over US$1924 (AEDT 5:26 PM).
Australia supports the 'crypto revolution' in the face of big tech. The federal government is considering new legislation to assist Australia in participating in the creation of Web3, a new type of internet that underlies cryptocurrencies and digital assets and is seen by the Treasury as a source of new jobs and tax income for the economy.
The Hang Seng is down 0.87%, and the FTSE 100 is up 0.26% today.
NASDAQ was up 2.05% and S&P 500 by 1.17%.
Top 5 Gainers and Losers:
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ASX 200 dropped marginally; Market remains volatile
By the end of the trading session on 21st March 2022, benchmark index ASX 200 settled in the red zone. The ASX 200 decreased 15.90 points or 0.22% to 7,278.50. Out of 11 sectors, six sectors ended lower with ASX 200 index. Information technology was the top gainer for the day, with 2.459% growth in the index.
On the other hand, the industrial sector was the top loser with a 1.237% drop in the index value.
Most stocks on ASX ended lower because investors were focusing on a peace deal between Russia and Ukraine. Russia continues its invasion of Ukraine, which fueled inflation by driving up the price of crucial commodities like oil and wheat.
Further, oil prices moved up today. Brent oil futures improved over 3% during the day to US$111.25. Also, gold prices moved up, driven by the safe-haven demand as there seem to be no signs of abatement. Gold Spot is up marginally by 0.16% to over US$1924 (AEDT 5:26 PM).
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Top Performers for the day:
Top Loser 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