By the end of the trading session on 18 October 2022, the benchmark index S&P/ASX 200 ended higher by 1.72% and settled at 6,779.20. Out of 11 sectors, 10 sectors closed higher along with the ASX 200.

The Information Technology and A-REIT sectors were the top 2 gaining sectors, gained 4.19% and 3.08% in their index values. On the other hand, Energy sector was the only declining sector, declined by 0.60% in its index value.

Novonix Limited (ASX: NVX) and Hub24 Limited (ASX: HUB) were the top gainers, with 18.994% and 14.175% growth in share prices, respectively. On the other hand, St Barbara Limited (ASX: SBM) and Adbri Limited (ASX: ABC) were the top losers, with a 21.642% and 4.530% drop in share prices, respectively.

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Top Performers for the day:

• Information Technology (Up 4.19%)


• A-REIT (Up 3.08%)

Top Loser for the day:                                    

• Energy (Down 0.60%)

Other Factors influencing the market:

• S&P/ASX 200 closed higher, tracked Wall Street higher after the S&P 500 closed above a key technical level, and the reversal of the UK's vast fiscal stimulus bolstered global sentiment.


• Hub24 Limited’s share price gained as the company has reported $3 billion in net inflows for the first quarter of FY23.


• St Barbara Limited's share price declined following the gold producer cut guidance and deferred capital expenditure on major projects by 12 months after a weak first quarter.


• UK's new finance minister Jeremy Hunt scrapped Prime Minister Liz Truss's economic plan and scaled back her huge energy support scheme on Monday, making a historic policy U-turn to try to stem a dramatic loss of investor confidence.


• The Reserve Bank of Australia expects to raise interest rates further over the coming months, and its deputy governor said on Tuesday that the bank could achieve a similar rise in rates to its global peers through smaller hikes.


• Dow has closed up by 1.9%, S&P 500 up by 2.6%, and NASDAQ closed higher by 3.4%.


• Hang Seng is up by 1.27%, and FTSE 100 is up by 0.90%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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