ASX 200 Ended Higher By 0.25%; Buoyed By Energy And Materials Sectors
By the end of the trading session on 05 September 2022, the benchmark index S&P/ASX 200 ended higher by 0.34% and settled at 6,852.20. Out of 11 sectors, 7 sectors closed lower despite the gain in the ASX 200.
The Energy and Materials sectors were the top 2 gaining sectors, gained 3.78% and 1.75% in their index values. On the other hand, the Information Technology and Telecommunication Services sectors were the top 2 declining sectors, declined by 0.99% and 0.92% in their index values.
Whitehaven Coal Limited (ASX: WHC) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 6.524% and 6.369% growth in share prices, respectively. On the other hand, Imugene Limited (ASX: IMU) and PointsBet Holdings Limited (ASX: PBH) were the top losers, with an 8.164% and 6.438% drop in share prices, respectively.
S&P/ASX 200 gained despite a weak lead from Wall Street as markets brace for the Reserve Bank to lift its benchmark rate for a fifth straight month.
Whitehaven Coal Limited’s share price jumped more than 6% as coal prices climbed in response to the energy crisis in Europe.
PointsBet Holdings Limited and Zip Co Limited's share prices declined following the news that both stocks will be removed from the S&P/ASX 200 index in two weeks after S&P Dow Jones’ quarterly rebalance.
The energy sector gained as oil prices jumped more than $1 a barrel today, extending gains as investors eyed possible moves by OPEC producers to tweak production and support prices at a meeting later in the day.
The U.S. dollar touched a 20-year high against a basket of currencies today, benefiting from weakness in the euro amid a worsening energy crisis. At the same time, investors continued to bet on more interest rate hikes by the Federal Reserve.
Dow has closed down 1.1%, S&P 500 down by 1.1%, and NASDAQ closed lower by 1.3%.
Hang Seng is down by 0.88%, and FTSE 100 is up by 1.86%.
Top 5 Gainers and Losers Scoreboard:
90-Day Average Volume Outlier:
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ASX 200 Ended Higher By 0.25%; Buoyed By Energy And Materials Sectors
By the end of the trading session on 05 September 2022, the benchmark index S&P/ASX 200 ended higher by 0.34% and settled at 6,852.20. Out of 11 sectors, 7 sectors closed lower despite the gain in the ASX 200.
The Energy and Materials sectors were the top 2 gaining sectors, gained 3.78% and 1.75% in their index values. On the other hand, the Information Technology and Telecommunication Services sectors were the top 2 declining sectors, declined by 0.99% and 0.92% in their index values.
Whitehaven Coal Limited (ASX: WHC) and Paladin Energy Limited (ASX: PDN) were the top gainers, with 6.524% and 6.369% growth in share prices, respectively. On the other hand, Imugene Limited (ASX: IMU) and PointsBet Holdings Limited (ASX: PBH) were the top losers, with an 8.164% and 6.438% 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