ASX 200 closes in green; materials leads gains, healthcare falls

November 30, 2022 04:28 PM AEDT | By Bhawna Gupta
 ASX 200 closes in green; materials leads gains, healthcare falls
Image source: © Ipopba | Megapixl.com

Highlights

  • The ASX 200 benchmark index closed in the green today (November 30), gaining 25.70 points or 0.35% to end at 7,279.00 points.
  • Over the last five days, the index has gained 0.65%, but is down 2.22% for the last year to date.
  • Materials was the biggest gainer, advancing 1.58%, followed by energy, which ended up 1.33%, while healthcare fell 0.43%.

The ASX 200 benchmark index closed in the green today (November 30), gaining 25.70 points or 0.35% to end at 7,279.00 points.

Key pointers from ASX closing today

  • Whitehaven Coal Ltd (ASX:WHC) and Sayona Mining Ltd (ASX:SYA) gained the most on the ASX today, moving ahead 8.91% and 8.54%, respectively.
  • Collins Foods Ltd (ASX:CKF) and St Barbara Ltd (ASX:SBM) fell 4.29% and 3.10%, respectively.
  • Over the last five days, the index has gained 0.65%, but is down 2.22% for the last year to date.
  • Six out of 11 sectors closed in green today.
  • Materials was the biggest gainer, advancing 1.58%, followed by energy, which ended up 1.33%, while healthcare fell 0.43%.
  • The All-Ordinaries Index gained 0.43%.

Newsmakers

St George Mining (ASX:SGQ): A memorandum of understanding (MoU) has been inked  by St George Mining and Shanghai Jayson New Energy Materials to explore lithium prospects in Western Australia, according to an ASX filing.

Jayson, a Chinese company, is regarded as the top manufacturer of cathode precursor materials for lithium-ion batteries worldwide. For copper, cobalt, and nickel, it has established mining, smelting, and processing facilities. It has also created technology for recycling lithium-ion batteries.

New Age Exploration (ASX:NAE): In two locations of its Central Pilbara gold-lithium property in Western Australia, New Age Exploration has found five lithium anomalies, the company said in an ASX filing.

Global markets

Investors appreciated a reduction in the pricing pressures that have fueled the rise in interest rates this year, which helped the market overcome early pressure for a second day. The CPI increased 6.9% year over year in October, which is less than the economists' projected 7.6% increase and down from the previous month's estimate of 7.3%.

The S&P 500 lost 0.16% to 3,957.63. The Dow Jones was 0.0091% up to 33,852.53. The NASDAQ Composite decreased by 0.59% to 10,983.78, and the small-cap Russell 2000 gained 0.31% to 1,836.55.

In Asia, Nikkei in Japan lost 0.44% while the Asia Dow was 1.67% up, the Hang Seng in Hong Kong climbed 0.49% and Shanghai Composite in China increased by 0.046% at 4.13 PM AEDT.

Bond yields

Australia’s 10-year bond yield stands at 3.55% as of 4.14 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$78.99/bbl, while brent was at US$83.85/bbl at 4.15 PM AEDT.

Gold was at US$1754.86 an ounce, copper was at US$3.64/Lbs, and iron ore was at US$103.00/T at 4.15 PM AEDT.


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