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ASX 200 ended lower today; Most sectors ended in red zone

By the end of day’s trade on 29 June 2022, benchmark index dropped 0.937% and settled at 6700.2. Out of 11 sectors, 8 sectors ended lower today. Most indices ended lower probably driven by the overnight losses on Wall Street. Indices like NASDAQ Composite, NASDAQ-100 and Dow Industrial dropped 2.98%, 3.09% and 1.56%, respectively. On 28 June 2022, Federal Reserve Policymakers announced further rapid interest rate hikes to bring down inflation. As a result, it increased fear amongst investors and economists that higher borrowing cost will result into a steep downturn. Many feared of possible recession in the coming period.



A-REIT, and Information Technology sectors were the top losers with 3.96% and 2.83% drop in the index values. On the other hand, Financial and Consumer Staples were the top gainers with 0.27% and 0.14% growth in their index values.



Liontown Resources Limited (ASX: LTR) and SkyCity Entertainment Group Limited (ASX: SKC) were the top gainers with 5.164% and 3.906% growth in their share price. On the other hand, Tyro Payments Limited (ASX: TYR) and Imugene Limited (ASX: IMU) noted significant drop in their share prices by 16.667% and 13.954%, respectively.





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Top Performers for the day:




  • Financial (Up 0.273%)

  • Consumer Staples (Up 0.143%)

  • Energy (Up 0.129%)



Top Loser for the day:




  • A-REIT (Down 3.962%)

  • Information Technology (Down 2.832%)

  • Communication services (Down 2.197%)





Other Factors influencing the market:





Top 5 Gainers and Losers Scoreboard:





 90 Day Average Volume Outlier:





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