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Highlights
- The ASX 200 benchmark index closed up today (1 November), gaining 113.40 points or 1.65% to end at 6,976.90 points.
- Over the last five days, the index has gained 2.62%, but is down 6.28% for the last year to date.
- Materials was the biggest gainer, advancing 2.64% followed by utilities which ended 2.53% up.
The ASX 200 benchmark index closed in green today (1 November), gaining 113.40 points or 1.65% to end at 6,976.90 points.
Key pointers from ASX close today
- The ASX 200 benchmark index ended in green today (1 November), gaining 113.40 points or 1.65% to end at 6,976.90 points.
- Imugene Limited (ASX:IMU) and Nickel Industries Ltd (ASX:NIC) gained the most on the index, moving ahead 11.43% and 7.53% respectively.
- Chorus Limited (ASX:NXT) and Brickworks Limited (ASX:BKW) fell 3.55% and 2.26% respectively.
- Over the last five days, the index has gained 2.62%, but is down 6.28% for the last year to date.
- All 11 sectors closed in green today.
- Materials was the biggest gainer, advancing 2.64% followed by utilities which ended 2.53% up.
- The All-Ordinaries Index gained 1.63%.
Newsmakers
Superloop (ASX:SLC): Superloop Limited today (1 November) announced that the acquisition of VostroNet Holdings Pty Ltd (VostroNet), which was first disclosed on September 26, 2022, has been completed.
VostroNet is a prominent infrastructure owner and internet service provider
Meanwhile, shares of Superloop closed at AU$0.76 apiece, up 1.33% on ASX today.
Cooper Metals (ASX:CPM): Cooper Metals Limited through an ASX filing announced today (1 November) that a follow up drilling campaign to test the significant shallow copper and gold mineralisation intersected at King Solomon 1 and Python prospects which are part of the Mt Isa East project in Queensland.
At the King Solomon 1 potential, the company will drill 11 reverse circulation (RC) holes totaling 1700 metres.
Meanwhile, shares of Cooper Metals closed at AU$0.34 apiece, up 1.52% on ASX today.
Image source: © 2022 Kalkine Media®
Data source- ASX website dated 1 November 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.77% as of 4.42 PM AEDT.
In global markets
After two weeks of significant gains for the Nasdaq and S&P 500, Wall Street indices began the week on a negative note on Monday(October 31).
The Fed's two-day meeting, which would last through November 2, is being closely watched by investors. At the conclusion of their meeting this week on Wednesday, the policymakers are anticipated to declare another large raise.
The S&P 500 fell 0.75% to 3,871.98. The Dow Jones was down 0.39% to 32,732.95. The NASDAQ Composite lost 1.03% to 10,988.15, and the small-cap Russell 2000 remained flat at 1,846.86.
In Asia, Nikkei in Japan increased by 0.24%, the Hang Seng in Hong Kong improved 3.88% while the Asia Dow gained 3.78% Shanghai Composite in China increased by 1.19% at 4.47 PM AEDT.
In commodities markets
Crude Oil WTI was spotted trading at US$87.57/bbl while Brent Oil was at US$94.04/bbl at 4.48 PM AEDT.
Gold was at US$1641.64 an ounce, copper was at US$3.48/Lbs and iron ore was at US$82.00/T at 4.48 PM AEDT.
