ASX 200 Closed Higher By 0.33%; Buoyed By Rally in Material Sector
By the end of the trading session on 29 November 2022, the benchmark index S&P/ASX 200 ended higher by 0.33% and settled at 7,253.30. Out of 11 sectors, 7 sectors closed lower despite the gain in the ASX 200.
The Materials and Healthcare sectors were the top 2 gaining sectors, gained 1.68% and 0.56% in their index values. On the other hand, the A-REIT and Consumer Discretionary sectors were the top 2 declining sectors, declined by 0.79% and 0.48% in their index values.
Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) and Nanosonics Limited (ASX: NAN) were the top gainers, with 9.843% and 4.721% growth in share prices, respectively. On the other hand, Collins Food Limited (ASX: CKF) and Graincorp Limited (ASX: GNC) were the top losers, with a 19.821% and 4.887% drop in share prices, respectively.
S&P/ASX 200 closed higher after offsetting morning losses, buoyed by a rally across the materials sector as iron ore prices hit $US100 per tonne.
Fisher & Paykel Healthcare shots up 9.84% to $21.09 after beating revenue guidance for the six months ended 30 September 2022.
The Australian dollar declined 1.5% overnight to trade around US66.40¢, dragged down by uncertainty over the path of China’s reopening and hawkish comments from Federal Reserve officials.
Collins Food’s share price declined after it has reported its statutory net profit after tax of $11.0 million for the half year, down from the $26.4 million in the prior corresponding period.
Oil price rebounded today amid speculation that recent weakness in the market will invite more supply cuts by the OPEC. At the same time, anti-government protests in China and hawkish signals from the Fed worsened the outlook for demand.
Dow has closed down by 1.45%, S&P 500 down by 1.54%, and NASDAQ closed lower by 1.58%.
Hang Seng is up by 4.02%, and FTSE 100 is down by 0.17%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Closed Higher By 0.33%; Buoyed By Rally in Material Sector
By the end of the trading session on 29 November 2022, the benchmark index S&P/ASX 200 ended higher by 0.33% and settled at 7,253.30. Out of 11 sectors, 7 sectors closed lower despite the gain in the ASX 200.
The Materials and Healthcare sectors were the top 2 gaining sectors, gained 1.68% and 0.56% in their index values. On the other hand, the A-REIT and Consumer Discretionary sectors were the top 2 declining sectors, declined by 0.79% and 0.48% in their index values.
Also read-: Mid-Market: S&P/ASX 200 Trading Lower By 0.07%; Collins Food Declined More than 18%
Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) and Nanosonics Limited (ASX: NAN) were the top gainers, with 9.843% and 4.721% growth in share prices, respectively. On the other hand, Collins Food Limited (ASX: CKF) and Graincorp Limited (ASX: GNC) were the top losers, with a 19.821% and 4.887% drop in share prices, 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 Enva Australia Pty Ltd (AFSL 424494). The information contained in this website 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, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au