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Highlights
- The ASX 200 benchmark index closed in the red today (December 7), losing 39.90 points or 0.55% to end at 7,251.40 points.
- Over the last five days, the index has lost 0.45% and 0.85% over the last 52 weeks.
- Materials was the only gainer, advancing 0.53% while IT and energy fell 3.13% and 1.75% respectively.
The ASX 200 benchmark index closed in the red today (December 7), losing 39.90 points or 0.55% to end at 7,251.40 points.
Key pointers from ASX closing today
- Coronado Global Resources Inc (ASX:CRN) and Fortescue Metals Group Limited (ASX:FMG) gained the most on the ASX today, moving ahead 4.25% and 2.63%, respectively.
- Beach Energy Ltd (ASX:BPT) and Paladin Energy Ltd (ASX:PDN) fell 10.88% and 7.11%, respectively.
- Over the last five days, the index has lost 0.45% and 0.85% over the last 52 weeks.
- 10 out of 11 sectors closed in red today.
- Materials was the only gainer, advancing 0.53% while IT and energy fell 3.13% and 1.75% respectively.
- The All-Ordinaries Index fell 0.86%.
Newsmakers
Fertoz (ASX:FTZ): To continue operating its rock phosphate mining operations in Deerlodge, Montana, Fertoz has signed a 10-year deal, according to an ASX filing.
With Montana Grey Rock, the phosphatic fertiliser producer secured a long-term extension that gave it sole marketing authority over the mine.
Xantippe Resources (ASX:XTC): To increase exploratory activity across its lithium tenements in Argentina and its Southern Cross property in Washington, Xantippe Resources has asked investors for AU$20 million.
In order to raise AU$12 million through institutional and professional placements, the company has obtained firm commitments. With one-for-two attaching options, Xantippe will issue two billion new shares at 0.6 cents each.
Most heavily traded ASX 200 shares today
Core Lithium Ltd (ASX:CXO)
A total of 15.01 million Core Lithium shares were bought and sold on the ASX. There has been no news or announcements out of the company today.
Santos Ltd (ASX:STO)
A total of 16.67 million Santos shares were traded on the exchange. Santos announced an increase of US$350 million to its on-market share buyback, buoyed by rise in commodity prices.
Pilbara Minerals Ltd (ASX:PLS)
A total of 19.94 million Pilbara shares were bought and sold today. There’s been no news out of Pilbara today.
Global markets
Since Friday's unexpectedly positive November employment report rekindled concerns the Federal Reserve will raise interest rates to such an extreme that a recession is unavoidable, Wall Street was calm.
Wall Street's fourth consecutive decline suggests that Australian stocks are already under pressure as recession worries spread throughout US financial markets.
The S&P 500 lost 1.44% to 3,941.26. The Dow Jones was 1.03% down to 33,596.34. The NASDAQ Composite decreased merely 2% to 11,014.89, and the small-cap Russell 2000 fell 1.50% to 1,812.58.
In Asia, Hang Seng in Hong Kong gained 1.23% while the Asia Dow was 0.28% down, Nikkei in Japan fell 0.59% and Shanghai Composite in China decreased by 0.016% at 4.24 PM AEDT.
Bond yields
Australia’s 10-year bond yield stands at 3.36% as of 4.12 PM AEDT.
In commodities markets
Crude Oil WTI was spotted trading at US$74.40/bbl, while brent was at US$79.41/bbl at 4.13 PM AEDT.
Gold was at US$1772.61 an ounce, copper was at US$3.80/Lbs, and iron ore was at US$109.50/T at 4.13 PM AEDT.
