ASX 200 closes in green; IT and A-REIT lead gains

3 min read | October 18, 2022 04:22 PM AEDT | By Bhawna Gupta

Highlights

  • The ASX 200 benchmark index closed up today (18 October), gaining 114.80 points or 1.72% to end at 6,779.20 points.
  • Over the last five days, the index has gained 2.02%, but is down 8.94% for the last year to date.
  • IT was the biggest gainer, advancing 4.19% followed by A-REIT which ended 3.08% up.

The S&P/ASX200 closed on a higher note today (18 October), gaining 114.80 points or 1.72% to end at 6,779.20 points.

Key pointers from ASX close today

  • The ASX 200 benchmark index closed up today, gaining 114.80 points or 1.72% to end at 6,779.20 points.
  • Novonix Limited (ASX:NVX) and Hub24 Limited (ASX:HUB), gained the most on the index, moving ahead 18.99% and 14.18%  respectively.
  • On the benchmark index, St Barbara Ltd (ASX:SBM) and Adbri Limited (ASX:ABC), marked the most losses, falling 21.64% and 4.53%  respectively.
  • Over the last five days, the index has gained 2.02%, but is down 8.94% for the last year to date.
  • 10 of 11 sectors closed in green today.
  • IT was the biggest gainer, advancing 4.19% followed by A-REIT which ended 3.08% up.
  • The All-Ordinaries Index gained 1.78%.

Newsmakers

Tyranna Resources (ASX:TYX): The first round of drilling at Tyranna Resources' Angolan Muvero lithium project has started.

In the Giraul pegmatite area, east of Namibe, the potential is a component of the company's 80%-owned lithium exploration project.

Meanwhile, Tyranna's shares closed trading at AU$0.049 each, up 19.51% on ASX today.

Sezzle (ASX:SZL): Sezzle has entered a new US$100 million (AU$159 million) credit facility.

For a period of 24 months, the new facility will serve Sezzle's operations in the US and Canada.

This facility, which replaces Sezzle's previous one with Goldman Sachs Bank USA and Bastion, is with affiliates of Bastion Management acting as administrative agent for the lenders.

Meanwhile, Sezzle's shares closed trading at AU$0.54 each, up 12.63% on ASX today.

Image source: © 2022 Kalkine Media® 
Data source- ASX website dated 17 October 2022

Bond yield

Australia’s 10-year Bond Yield stands at 3.93% as of 4.40 PM AEDT.

In global markets

On Monday (17 October) , benchmark US indexes edged up a little bit as a flurry of economic difficulties weighed on sentiments and market participants appeared to have turned their attention to the ongoing third-quarter earnings season.

The Federal Reserve may adhere to its aggressive plans in the near future to lower the  high inflation.

Inflation has remained high despite the central bank's considerable increase in policy rates in recent months. The core CPI or core inflation soared to its highest level since 1982 in September.

The S&P 500 rose 2.65% to 3,677.95. The Dow Jones was up 1.86% to 30,185.82. The NASDAQ Composite gained 3.43% to 10,675.80, and the small-cap Russell 2000 rose 3.17% to 1,735.75.

In Asia, the Asia Dow was 0.40% down while Nikkei in Japan increased by 1.46% Shanghai Composite in China gained 0.0090% and the Hang Seng in Hong Kong jumped 1.26% at 4.44 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$86.11/bbl while Brent Oil was at US$92.33bbl at 4.45 PM AEDT.

Gold was at US$1657.71 an ounce, copper was at US$3.456/lbs and iron ore was at US$95.00/T at 4.45 PM AEDT.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.