ASX 200 Sharply Higher By 1.29%, All 11 Sectors Closed Higher

By the end of the trading session on 21 December 2022, the benchmark index S&P/ASX 200 ended higher by 1.29% and settled at 7,115.10. All 11 sectors closed higher along with the ASX 200. The Utilities and A-REIT sectors were the top gaining sectors, gained by 3.83% and 2.68% respectively in their index values.

Evolution Mining Limited (ASX: EVN) and Silver Lake Resources Limited (ASX: SLR) were the top gainers, with 8.098% and 7.786% growth in share prices, respectively. On the other hand, Novonix Limited (ASX: NVX) and Liontown Resources Limited (ASX: LTR) were the top losers, with a 7.353% and 1.852% drop in share prices, respectively.

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Top gainers for the day:                                 

• Utilities (Down 3.83%)
• A-REIT (Down 2.68%)

Other Factors influencing the market:

• S&P/ASX 200 closed higher by 1.29% to 7,115.10, led by the Utilities and A-Reit sectors by 3.83% and 2.68%, respectively.

• Oil prices rose after U.S. crude inventories declined much more than anticipated last week and also supported by a drop in the dollar amid pressure from surging yen in the wake of the Bank of Japan’s hawkish pivot.
• Gold prices hit a one-week high following dollar fell against a basket of currencies, however the outlook for the yellow metal remained uncertain amid increasing interest rates and fears of a recession.
• New Zealand is raising concerns the country might be headed toward a deeper recession amid the central bank has undertaken an aggressive interest rate hike to dampen inflation.
• Origin Energy rose 6.355% amid the takeover by the Brookfield consortium and remains at the due diligence stage.
• Dow has closed up by 0.28%, S&P 500 up by 0.10 %, and NASDAQ ended higher by 0.01%.
• Hang Seng is up by 0.17%, and FTSE 100 is up by 0.13%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

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