ASX 200 closes in green; materials leads gains

2 min read | December 09, 2022 04:22 PM AEDT | By Bhawna Gupta

Highlights

  • The ASX 200 benchmark index closed in the green today (December 9), gaining 36.10 points or 0.50% to end at 7,211.60 points.
  • Over the last five days, the index has lost 1.23% and 2.34% over the last 52 weeks.
  • Materials was the biggest gainer, advancing 2.13%, followed by IT, which ended up 1.02%, while utilities fell 0.53%.

The ASX 200 benchmark index closed in the green today (December 9), gaining 36.10 points, or 0.50%, to end at 7,211.60 points.

Key pointers from ASX closing today

  • Champion Iron Ltd (ASX:CIA) and Sandfire Resources Ltd (ASX:SFR) gained the most on the ASX today, moving ahead by 4.86% and 4.34%, respectively.
  • Capricorn Metals Ltd (ASX:CMM) and Novonix Ltd (ASX:NVX) fell 4.23% and 4.00%, respectively.
  • Over the last five days, the index has lost 1.23% and 2.34% over the last 52 weeks.
  • Seven out of 11 sectors closed in green today.
  • Materials was the biggest gainer, advancing 2.13%, followed by IT, which ended up 1.02%, while utilities fell 0.53%.
  • The All-Ordinaries Index gained 0.50%.

Newsmakers

Lanthanein Resources (ASX:LNR): An first aircore drilling programme at the Koolya kaolin and high purity alumina (HPA) project in Western Australia has been finished by Lanthanein Resources.

The first pass, widely spaced programme, which covered 15 kilometres of potentially kaolin-rich granite and involved 599 metres of drilling, apparently intersected significant amounts of kaolin.

CardieX (ASX:CDX): ATCOR, a division of CardieX, has signed a new contract for clinical trial services for its XCEL devices and data management services.

According to the agreement, ATCOR's goods and services will be applied throughout brand-new international clinical research.

Global markets

At the conclusion of a difficult week for investors, the Australian market failed to hold onto its early gains. Since last Friday, US markets have been slowly falling until mounting a shaky overnight recovery.

The S&P 500 gained 0.75% to 3,963.51. The Dow Jones was 0.55% up to 33,781.48. The NASDAQ Composite increased by 1.13% to 11,082.00, and the small-cap Russell 2000 fell by 0.63% to 1,818.29.

In Asia, Nikkei in Japan gained 1.25%, the Asia Dow was 1.70% up while the Hang Seng in Hong Kong climbed 1.77% and Shanghai Composite in China increased by 0.073% at 4.16 PM AEDT.

Bond yields

Australia’s 10-year bond yield stands at 3.29% as of 4.17 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$72.14/bbl, while brent was at US$76.67/bbl at 4.18 PM AEDT.

Gold was at US$1796.81 an ounce, copper was at US$3.91/Lbs, and iron ore was at US$110.00/T at 4.18 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.