AUS
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UK
CA
USA
IND
Highlights:
- The S&P/ASX200 closed significantly strong on Monday, gaining 81.50 points or 1.23%.
- 8 out of the 11 major sectors ended on robust note. Information Technology was the best performing sector, gaining 2.41%, followed by Materials.
- The market received significant push from big-cap firms like Pendal Group, Tyro Payments and WiseTech Global.
The benchmark S&P/ASX200 index closed Monday’s session at 6,687.10 points, up 1.23% or 81.50 points. ASX stocks opened higher following strong cues from Wall Street and built up gains as trade progressed. Finally, the benchmark index ended on a strong note as more sectors participated in the market rally.
Key pointers from ASX close today:
- 8 of 11 sectors ended higher along with the S&P/ASX 200 Index.
- Information Technology was the best performing sector, closing 2.65% up.
- Materials ended 2.04% higher, followed by Energy that closed 1.86% up.
- Financial sector closed 1.28% up while Consumer Discretionary and Industrials ended 0.77% and 0.73% higher respectively.
- Consumer Staples, Health Care and Utilities closed lower.
- Volatility indicator A-VIX index was down 0.83% today.
- The All-ordinaries index followed the broader market trend gaining 1.32%.
Top gainers and losers on ASX 200
Top gainers on the ASX featured Tyro Payments that closed 10% up, Pendal Group that ended 8.776% higher, Life360 Inc that closed up 7.386%, Liontown Resources ended 7.368% up and Novonix Limited that ended 6.930% higher.
Top losers on the benchmark index had Appen closing 3.5% lower, Kelsian Group closing 2.582% lower, A2 Milk Company ending 2.218% down followed by APA Group and NHF ending 2.165% and 2.108% lower respectively.
News Makers
- ANZ Bank has signed a deal with Suncorp to buy Suncorp’s banking operations for AU$4.9 billion. To fund the acquisition, ANZ will be raising AU$3.5 billion. The shares of Suncorp bank closed 6.126% higher.
- Nuix shared its FY2022 operational and financial updates as per which, there is a downfall in sales to new customers and rise in legal costs that impacted the full-year earnings. NXL shares ended 13.013% down.
- Botox business firm Silk Laser has acquired Victoria based Unique Laser. The stock SLA closed 6.818% higher today at AU$2.350 per share.
- Whitehaven Coal gained 5.2% after sharing a record AU$3 billion profit in its June quarterly report.
Bond yields
Australia’s 10-year Bond Yield stands at 3.452% as of 4:06 PM AEST.
In global markets:
On Monday, Asian stock markets were mostly up, thanks to Friday's Wall Street recovery. Also, the fact that the investors’ expectations of aggressive interest rate hikes from the US Federal Reserve have ebbed down, supported Asian stocks.
The Japanese market is shut for a holiday. South Korea’s KOSPI gained. Hang Seng Index was also up. While China’s Shanghai Composite was on the gaining side, Shenzhen Component was a tad lower.
In European share market, there remains an uncertainty regarding the resuming of the flow of gas through the Nord Stream 1 pipeline on July 21 in Russia. It should be noted that if the gas flows are not resumed, European gas prices are likely to rise and this would be evocative enough for Germany and other countries to take action and ration gas and power.
On commodities front:
Oil traded up today. Investors are looking out for increasing COVID-19 cases in China as this can result in recommencement of rubs and additional dent fuel demand. Crude Oil WTI was quoted at US$95.72/bbl and Brent Oil was at US$102.52/bbl at 16:01 PM AEST.
Gold futures were quoted at US$1,712.90 as of 18 July 2022, 16:01 PM AEST.
