ASX 200 ended marginally up; Miners were the top gainers
By the end of the trading session on 23 May 2022, the benchmark index S&P/ASX 200 closed higher by 0.05% and settled at 7148.90. 7 out of 11 sectors closed lower despite the gain in the ASX 200. The Materials and Information Technology sectors were the top 2 gaining sectors, gained 0.84% and 0.43% in their index value. On the other hand, the Utilities and Financials sectors were the top 2 losing sectors, declined 0.88% and 0.40% in their index values.
Australian sectors traded mixed today as investors are worried about the consequences of rising cases in Beijing, China. Beijing has reported a record number of COVID-19 cases after a strict lockdown, which is again a concern about a lockdown. China’s strict COVID-zero policy has restrained the economic growth and encouraged Chinese banks last week to cut borrowing rates for long-term loans by a record amount.
Codan Limited (ASX: CDA) and Imugene Limited (ASX: IMU) were the top gainers with 14.518% and 12.500% growth in share prices, respectively. On the other hand, Polynovo Limited (ASX: PNV) and Novonix Limited (ASX: NVX) were the top losers, with a 7.548% and 4.380% drop in the share price, respectively.
Imugene Limited shares improved 11% to A$0.22 after a letter to shareholders, which reassured them that the company remains in a strong position despite the recent decline in the share price.
The Material sector gained as the rising iron ore prices followed China's move to cut borrowing rates and shrinking stockpiles of the bulk commodity.
Dow has closed up by 0.1%, S&P 500 closed flat, and NASDAQ closed down by 0.3%.
Hang Seng is down by 1.28%, and FTSE 100 is up by 1.19%.
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 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.
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ASX 200 ended marginally up; Miners were the top gainers
By the end of the trading session on 23 May 2022, the benchmark index S&P/ASX 200 closed higher by 0.05% and settled at 7148.90. 7 out of 11 sectors closed lower despite the gain in the ASX 200. The Materials and Information Technology sectors were the top 2 gaining sectors, gained 0.84% and 0.43% in their index value. On the other hand, the Utilities and Financials sectors were the top 2 losing sectors, declined 0.88% and 0.40% in their index values.
Australian sectors traded mixed today as investors are worried about the consequences of rising cases in Beijing, China. Beijing has reported a record number of COVID-19 cases after a strict lockdown, which is again a concern about a lockdown. China’s strict COVID-zero policy has restrained the economic growth and encouraged Chinese banks last week to cut borrowing rates for long-term loans by a record amount.
Codan Limited (ASX: CDA) and Imugene Limited (ASX: IMU) were the top gainers with 14.518% and 12.500% growth in share prices, respectively. On the other hand, Polynovo Limited (ASX: PNV) and Novonix Limited (ASX: NVX) were the top losers, with a 7.548% and 4.380% drop in the share price, 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 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