ASX 200 moved up over 1.2%; Financial sector was the top gainer
By the end of the day’s trade on 14 March 2022, ASX 200 moved up by 1.215% from its previous close and settled at 7149.4. 10 out of 11 sectors on ASX ended in the green zone, probably driven by the news related to the progress in Russia Ukraine peace talk even as the fighting between the two nations continues to rage.
Further, there was a drop in the oil prices per barrel on Monday as there is an update from Ukraine that the discussion with Russia is turning constructive.
On the other hand, the investors seem to be a little worried about US Federal Reserve starting to increase the interest rate. The investors’ focus appears to be gradually shifting to the upcoming FOMC (Federal Open Market Committee) meeting held this week. There is a fear of strengthening the US dollar, impacting commodity prices in the coming period. However, post the meeting on 15 and 16 March 2022, the outcome related to interest rate hike would come concerning increase interest rate or not.
On 14 March 2022, the Financial and health care sector was the top gainers on ASC, delivering growth of 2.457% and 2.159%, respectively. The financial sector gained 6.41% in the last five days. On the other hand, the materials sector was the top loser, with a drop of 0.344% in the index value.
While countries worldwide are gradually opening, China has noted a significant increase in the COVID-19 cases in the last 24 hours, causing schools to close in Shanghai and lockdown in many northeast cities in China.
18 provinces in China are fighting against local outbreaks.
The Hang Seng is down 4.21%, and the FTSE 100 is up 0.80% today.
Top 5 Gainers and Losers:
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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 moved up over 1.2%; Financial sector was the top gainer
By the end of the day’s trade on 14 March 2022, ASX 200 moved up by 1.215% from its previous close and settled at 7149.4. 10 out of 11 sectors on ASX ended in the green zone, probably driven by the news related to the progress in Russia Ukraine peace talk even as the fighting between the two nations continues to rage.
Further, there was a drop in the oil prices per barrel on Monday as there is an update from Ukraine that the discussion with Russia is turning constructive.
On the other hand, the investors seem to be a little worried about US Federal Reserve starting to increase the interest rate. The investors’ focus appears to be gradually shifting to the upcoming FOMC (Federal Open Market Committee) meeting held this week. There is a fear of strengthening the US dollar, impacting commodity prices in the coming period. However, post the meeting on 15 and 16 March 2022, the outcome related to interest rate hike would come concerning increase interest rate or not.
On 14 March 2022, the Financial and health care sector was the top gainers on ASC, delivering growth of 2.457% and 2.159%, respectively. The financial sector gained 6.41% in the last five days. On the other hand, the materials sector was the top loser, with a drop of 0.344% in the index value.
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Top Performers for the day:
Top Loser for the day:
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