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Highlights
- ASX 200 benchmark index closed higher today (July 28), up 0.97% at 6,889.70 points.
- In last five trading sessions, the benchmark index has gained 1.40%, but is down 7.45% on year-to-date basis.
- Materials was the best performing sector, gaining 2.43% today.
Australian share market closed on a positive note today (July 28) with the benchmark S&P/ASX 200 gaining 0.97% or 66.50 points to end at 6,889.70 points.
Key pointers from ASX close today
- The ASX 200 benchmark index closed higher today (July 28), up 0.97% at 6,889.70 points.
- Top performing stocks featured Pointsbet Holdings Limited (ASX:PBH) and Zip Company Limited (ASX:ZIP), up 20.61% and 22.58% respectively.
- Bottom performing stocks in this index were Atlas Arteria (ASX:ALX) and Computershare Limited (ASX:CPU), ending 6.14% and 3.49% lower respectively.
- In last five trading sessions, the benchmark index has gained 1.40%, but is down 7.45% on year-to-date basis.
- Nine out of 11 ASX sectors closed the day on a positive note.
- Materials was the best performing sector, gaining 2.43%. The sector has gained 3.74% in last five trading days.
- Utilities was the worst performing sector today, down 1.81%.
- Volatility indicator A-VIX index was down 5.87% today at 4.24 PM AEST.
- The All-ordinaries Index followed the broader market trend gaining 1.11%.
Newsmakers
Flexiroam Limited (ASX:FRX): Flexiroam announced today that it has expanded its Global Data Plan cooperation with Mastercard Asia Pacific. The innovation will give all Mastercard credit card holders worldwide coverage, enabling any Mastercard issuing bank to take part in the program.
Shares of Flexiroam closed trading at AU$0.042 per share, up 10.53% on ASX today.
Calima Energy Limited (ASX:CE1): In the June quarter, Calima Energy (CE1) announced its best quarterly sales result, totalling over AU$37 million.
Revenue jumped by 19.6% compared to the March quarter, and adjusted EBITDA, excluding hedge losses, rose by 26.5% to AU$22.6 million.
Today, Calima shares ended 9.38% lower at AU$0.15 each on ASX.
Blue Energy (ASX:BLU): To conduct appraisal drilling and production testing at its properties in the Bowen and Surat basins, Blue Energy has raised AU$20 million.
Blue Energy's shares last exchanged hands at AU$0.068 apiece, down 9.33% on ASX today.
Bond yields
Australia’s 10-year Bond Yield stands at 3.23% as of 4.10 PM AEST.
In global markets
On July 27 (Wednesday), the US Federal Reserve announced a 75-basis point increase in interest rates, and statements from policymakers boosted market optimism. This led to significant gains for Wall Street indexes.
The S&P 500 rose 2.62% to 4,023.61, the Dow Jones was up 1.37% to 32,197.59. On the other side, the NASDAQ Composite increased by 4.06% to 12,032.42, and the small-cap Russell 2000 rose 2.39% to 1,848.34.
The decision to raise rates coincided with investors' expectations. Additionally, despite the economy's weakening, Fed Chair Jerome Powell informed market participants that a recession is not already underway.
In an indication that markets were downgrading their expectations for further hikes, Treasury yields reversed course and the US currency declined.
While the 10-year bond yields decreased by 0.14% to 2.783, the 30-year Treasury bond yields increased by 1.88% to 3.065.
In Asia, the Asia Dow dropped 0.076%, the Hang Seng in Hong Kong fell 0.17% while Nikkei in Japan and Shanghai Composite in China, increased by 0.36% and 0.21% respectively at 4.27 PM AEST.
In Commodities markets
Crude Oil WTI was spotted trading at US$98.21/bbl AEST while Brent Oil was at US$107.67/bbl at 4.26 PM AEST.
Gold was at US$1740.65 an ounce, copper was at US$3.497/Lbs and iron ore was at US$110/T at 4.27 PM AEST.
