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- The ASX 200 benchmark index closed down today, losing 0.21% to end at 7,112.80 points.
- Over the last five days, the index has gained 0.59%, but is down 4.46% for the last year to date.
- Eight out of 11 ASX sectors ended the day in red zone.
Australian share market closed on a negative note today (18 August 2022) with the benchmark S&P/ASX 200 losing 0.21% to end at 7,112.80 points.
The stock market dropped for the first time in four sessions as a result of weak Wall Street leads, drops in important commodities, and missed earnings from giants like Origin Energy and Transurban.
Mining industry was put under pressure by declines in gold, copper, and iron ore. As oil prices increased, energy producers recovered.
Kalium Lakes (ASX:KLL): Kalium Lakes will be raising AU$22 million through a placement. The company has received commitments for the same.
A total of 550 million shares will be issued in the placement, divided into two tranches, at a price of four cents each, which is much less expensive by 56.5% than the latest traded price of AU 9.2 cents on August 9.
Meanwhile, shares of Kalium closed trading at AU$0.057 per share, down 38.04% on ASX today.
92 Energy (ASX:92E): The Gemini project in Canada's GMZ discovery has continued to yield thick zones of uranium mineralisation from 92 Energy's (92E) drilling campaign.
3.6 meters of 0.9% uranium oxide were found inside 25.4 meters of 0.3% uranium oxide as part of the company's summer drilling program's results, which included 49.9 meters of composite uranium oxide mineralisation.
Meanwhile, shares of 92 Energy closed tradin at AU$0.42 apiece, down 11.70% on ASX today.
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Data Source- ASX website
Australia’s 10-year Bond Yield stands at 3.35% as of 4.21 PM AEST.
On Wednesday, 17 August 2022, after minutes from the Federal Reserve's July meeting revealed details about the institution's plans to raise interest rates, Wall Street indices ended the session in red territory.
According to the minutes from the Fed's July meeting, the central bank is still closely monitoring the high inflation and the state of the job market, which puts them on pace to keep hiking interest rates.
The authorities suggested that the timing of the rate increase would rely on incoming information that would provide some insight into the state of the economy. Additionally, they stated that whenever inflation falls below their two percent objective, they would gradually slow down the pace of their hawkish steps.
The S&P 500 fell 0.72% to 4,274.04. The Dow Jones was down 0.50% to 33,980.32. The NASDAQ Composite lost 1.25% to 12,938.12, and the small-cap Russell 2000 fell 1.64% to 1,987.31.
In Asia, the Asia Dow was down 0.31%, the Hang Seng in Hong Kong lose 0.82%, while Nikkei in Japan and Shanghai Composite in China, dropped by 0.98% and 0.41% respectively at 4.21 PM AEST.
Crude Oil WTI was spotted trading at US$87.77/bbl while Brent Oil was at US$93.41/bbl at 4.26 PM AEST.
Gold was at US$1762.64 an ounce, copper was at US$3.57/Lbs and iron ore was at US$105.50/T at 4.27 PM AEST.
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