ASX 200 closes in red; IT leads the gain, energy sector declines

3 min read | August 04, 2022 04:39 PM AEST | By Bhawna Gupta

ASX 200 closes in red; IT leads the gain, energy sector declines — Image source: © Stbernardstudio | Megapixl.com

Key pointers from ASX close today

The ASX 200 benchmark index closed lower today, up 0.014% to end at 6,974.90 points.
Top performing stocks featured Tyro Payments Limited (ASX:TYR) and Pointsbet Holdings Limited (ASX:PBH), up 17.54% and 11.58% respectively.
Bottom performing stocks in this index were Orica Limited (ASX:ORI) and Graincorp Limited (ASX:GNC), ending 9.30% and 6.55% lower respectively.
In last five trading sessions, the benchmark index has gained 1.24%, but is down 6.31% on year-to-date basis.
Seven out of 11 ASX sectors ended the day in green zone.
IT was the best performing sector today, gaining 1.87%. The sector has gained 5.91% in last five trading days.
Energy was the worst performing sector today, down 2.24%.
Volatility indicator A-VIX index was down 8.27% at 4.15 PM AEST.
The All-ordinaries Index gained 0.064%.

Newsmakers

Briscoe Group Australasia Limited (ASX:BGP): The board of Briscoe reported unaudited sales of NZ$191.7 million for the 91 days that ended on July 31, 2022, which is 3.49% more than the same period previous year. The homeware segment's sales increased by 3.29% to NZ$121.9 million in the second quarter. Sports equipment sales increased by 3.84% to NZ$69.8 million during the same period.

Meanwhile, Shares of Briscoe closed trading flat at AU$4.84 each on ASX today.

Sayona Mining Limited (ASX:SYA): Sayona Mining, a miner of lithium, has advanced its expected resume of spodumene (lithium) production at the North American Lithium (NAL) facility in Quebec, with about 30% of plant and equipment improvements already completed.

Meanwhile, Shares of Sayona closed trading at AU$0.215 each, up 10.26% on ASX today.

Bond yields

Australia’s 10-year Bond Yield stands at 3.173% as of 4.48 PM AEST.

In global markets

On Wednesday, August 3, Wall Street indices changed direction from the negative trend as positive market sentiment was boosted by solid corporate profits and better-than-expected economic data.

S&P 500 increased 1.56% to 4,155.17, while the Dow Jones increased by 1.29% to 32,812.50. The small-cap Russell 2000 increased 1.41% to 1,908.93 while the NASDAQ Composite increased 2.59% to 12,668.16.

In Asia, the Asia Dow was up 0.37% and the Hang Seng in Hong Kong increased 1.70%, while Nikkei in Japan and Shanghai Composite in China, picked up by 0.69% and 0.72% respectively at 4.51 PM AEST.

In Commodities markets

Crude Oil WTI was spotted trading at US$90.65/bbl while Brent Oil was at US$96.96/bbl at 4.58 PM AEST.

Gold was at US$1768.17 an ounce, copper was at US$3.423/Lbs and iron ore was at US$117/T at 4.59 PM AEST.

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