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Highlights
- The ASX 200 benchmark index closed in green today (24 August 2022), gaining 0.52% to 6,998.10 points.
- Over the last five days, the index has lost 1.82% and 6.73% over the last 52 weeks.
- Energy was the best performing sector, gaining 2.84% and 8.83% for the last five days.
The S&P/ASX200 closed higher on Wednesday (24 August), gaining 36.30 points or 0.52% to end at 6,998.10 points.
Australian stocks were buoyed up by crude oil, gold, iron ore, and copper price increases, as well as better-than-expected corporate earnings.
Key pointers from ASX close today
- The ASX 200 benchmark index closed up today, gaining 0.52% to 6,998.10 points.
- Top performing stocks were Wisetech Global Limited (ASX:WTC) and Iluka Resources Limited (ASX:ILU), up 12.77% and 9.84% respectively.
- Bottom performing stocks in this index were EML Payments Ltd (ASX:EML) and Nanosonics Ltd (ASX:NAN), ending 10.55% and 5.56% lower respectively.
- Over the last five days, the index has lost 1.82% and 6.73% over the last 52 weeks.
- Seven out of 11 sectors ended the day in green zone.
- Energy was the best performing sector, gaining 2.84% and 8.83% for the last five days.
- Consumer Staples was the worst performing sector today, losing 1.31%.
- Volatility indicator A-VIX index was up 1.30% at 4.17 PM AEST.
- The All-ordinaries Index gained 0.60%.
Newsmakers
BrainChip (ASX:BRN): BrainChip has reported a 529% growth in revenue for the half year ending 30 June 2022, to US$4.83 million.
The year-on-year income gain is attributed to a four-year cooperation with Japanese business, MegaChips, and is mostly consisted of licensing revenues for BrainChip's Akida technology.
Meanwhile, shares of BrainChip last exchanged hands at AU$0.94 per share, down 2.60% on ASX today.
Viridis Mining and Minerals (ASX:VMM): After getting environmental certification from the state's Department of Energy and Mining, Viridis Mining and Minerals plans to begin drilling at its Poochera project in South Australia.
Viridis' Exploration Program for Environmental Protection and Rehabilitation for the project has received the permission from SA state government.
Meanwhile, Viridis shares closed flat at AU$0.28 apiece today on ASX.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 24 August 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.64% as of 4.23 PM AEST.
In global markets
The S&P 500 and Dow Jones continued to fall on Tuesday (August 23), while the Nasdaq remained flat, as investors sought direction ahead of the Federal Reserve's annual conference in Jackson Hole, Wyoming, later this week.
The S&P 500 dropped 0.22% to 4,128.73. The Dow Jones Industrial Average fell 0.47% to 32,909.59. The NASDAQ Composite remained unchanged at 12,381.30, while the Russell 2000 rose 0.18% to 1,919.14.
In recent weeks, the indices have risen from their June lows as investors examined economic data that indicated that inflation had already peaked. The CPI increased by 8.5% year on year in the previous month, following a 9.1% increase in June.
In Asia, the Asia Dow was down 1.28% and Nikkei in Japan fell 0.46% while the Hang Seng in Hong Kong decreased by 1.32% and Shanghai Composite in China decreased by 1.65% at 4.24 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$93.94/bbl while Brent Oil was at US$100.30/bbl at 4.28 PM AEST.
Gold was at US$1745.72 an ounce, copper was at US$3.67/Lbs and iron ore was at US$105.50/T at 4.29 PM AEST.
