ASX 200 closes in green; telecom gains, utilities fall

August 09, 2022 04:09 PM AEST | By Bhawna Gupta
 ASX 200 closes in green; telecom gains, utilities fall
Image source: © Kiankhoon | Megapixl.com

Highlights

  • The ASX 200 benchmark index closed up today, gaining 0.13% to end at 7,029.80 points.
  • In last five trading sessions, the benchmark index has gained 0.45%, but is down 5.57% on year-to-date basis.
  • Telecom Services was the best performing sector today.

Australian share market closed on a positive note today (August 9) with the benchmark S&P/ASX 200 gaining 0.13% or 9.20 points to end at 7,029.80 points.

Key pointers from ASX close today

  • The ASX 200 benchmark index closed up today, gaining 0.13% to end at 7,029.80 points.
  • Top performing stocks were Megaport Limited (ASX:MP1) and Domain Holdings Australia Limited (ASX:DHG), up 10.02% and 8.97% respectively.
  • Bottom performing stocks in this index were Mesoblast Limited (ASX:MSB) and National Australia Bank Ltd (ASX:NAB), ending 6.99% and 5.26% lower respectively.
  • In last five trading sessions, the benchmark index has gained 0.45%, but is down 5.57% on year-to-date basis.
  • Eight out of 11 ASX sectors ended the day in green zone.
  • Telecom Services was the best performing sector today, gaining 1.77%. The sector has gained 2.04% in last five trading days.
  • Utilities was the worst performing sector today, down 0.83%.
  • Volatility indicator A-VIX index was up 0.66% at 3.25 PM AEST.
  • The All-ordinaries Index gained 0.26%.

Newsmakers

Sarama Resources (ASX:SRR): The  gold mineralisation at Burkina Faso’s  Sanutura Project has been expanded by Sarama Resources.

Assays from the company's initial 1,700 meters of drilling at the Obi Prospect showed that the gold mineraliszation had been extended in many directions.

Meanwhile, shares of Sarama ended flat at AU$0.15 each on ASX today.

Proteomics International Laboratories (ASX:PIQ): A legally binding letter of intent has been signed by Proteomics International Laboratories (PIQ) to launch PromarkerD in the US.

Meanwhile, Proteomics shares last exchanged hands at AU$0.99 per share, up 11.24% on ASX today.

Image Source: © 2022 Kalkine Media ® 
Data Source- ASX website dated 09 August 2022

Bond yields

Australia’s 10-year Bond Yield stands at 3.189% as of 3.25 PM AEST.

In global markets

On Monday (August 8), only the Dow Jones marginally increased while the Nasdaq and S&P 500 dragged as investors appeared uneasy following the Labor Department's solid job report from the previous week.

The robust employment figures sparked worries that the Federal Reserve would boost interest rates once more at their upcoming meeting because they signalled that the economy is still in a position to withstand the rate increase.

The S&P 500 dropped 0.12% to 4,140.06, while the Dow Jones increased by 0.09% to 32,832.54. The small-cap Russell 2000 increased 1.01% to 1,941.21 and the NASDAQ Composite fell 0.10% to 12,644.46.

In Asia, the Asia Dow was down 0.33% and Nikkei in Japan fell 0.92% while the Hang Seng in Hong Kong jumped 0.13%, and Shanghai Composite in China picked up by 0.25% at 3.37 PM AEST.

In Commodities markets

Crude Oil WTI was spotted trading at US$90.99/bbl while Brent Oil was at US$96.50/bbl at 3.38 PM AEST.

Gold was at US$1786.49 an ounce, copper was at US$3.569/Lbs and iron ore was at US$113.00/T at 3.39 PM AEST.


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