ASX 200 closes in green; utilities leads gains, IT falls

3 min read | November 23, 2022 04:27 PM AEDT | By Bhawna Gupta

Highlights

  • The ASX 200 benchmark index closed in the green today (November 23), gaining 43.80 points or 0.61% to end at 7,225.10 points.
  • Over the last five days, the index has gained 1.44%, but is down 2.95% for the last year to date.
  • Utilities was the biggest gainer, advancing 1.37%, followed by energy, which ended 1.35% up, while IT fell 1.33%.

The ASX 200 benchmark index closed in the green today (November 23), gaining 43.80 points or 0.61% to end at 7,225.10 points.

Key pointers from the ASX closing today

  • Brainchip Holdings Ltd (ASX:BRN) and Chalice Mining Ltd (ASX:CHN) gained the most on the index, moving ahead 6.54% and 6.24%, respectively.
  • WiseTech Global Ltd (ASX:WTC) and Star Entertainment Group Ltd (ASX:SGR) fell 6.94% and 4.51% respectively.
  • Over the last five days, the index has gained 1.44%, but is down 2.95% for the last year to date.
  • Nine out of 11 sectors closed in green today.
  • Utilities was the biggest gainer, advancing 1.37%, followed by energy, which ended 1.35% up, while IT fell 1.33%.
  • The All-Ordinaries Index gained 0.54%.

Bond yields

Australia’s 10-year Bond Yield stands at 3.61% as of 4.14 PM AEDT.

Newsmakers

Azure Minerals (ASX:AZS): At the Ridgeline deposit at the Andover project in Western Australia, Azure Minerals has discovered its highest grade nickel intersection to date, the company said in an ASX filing.

Raiden Resources (ASX:RDN): High-grade drilling intercepts were found in the third batch of samples that Raiden Resources (RDN) had taken from the Western Australian project Mt Sholl.

The samples came from a first-time drilling programme that involved 39 holes totaling 4,204 metres, according to an ASX filing.

Image Source: © 2022 Kalkine Media ® 
Data Source- ASX website dated 23 November 2022

Global markets

Despite the fact that Australia does not observe Thanksgiving, investors were pleased to embrace the cheerful holiday spirit as the impending US holiday diverted attention from a continual stream of unfavourable news coming out of China. As trading slowed in anticipation of Thursday's US holiday and Friday's half-session, the S&P 500 increased 1.36% overnight to reach its highest level in two and a half months.

The S&P 500 gained 1.36% to 4,003.58. The Dow Jones was 1.18% up to 34,098.10. The NASDAQ Composite increased by 1.36% to 11,174.41, and the small-cap Russell 2000 fell by 1.16% to 1,860.44.

In Asia, Nikkei in Japan gained 0.61%, the Hang Seng in Hong Kong was 0.40% up while Asia Dow was 0.012% down and Shanghai Composite in China decreased by 0.19% at 4.04 PM AEDT.

Commodities markets

Crude Oil WTI was spotted trading at US$80.68/bbl, while brent was at US$88.07/bbl at 4.04 PM AEDT.

Gold was at US$1734.70 an ounce, copper was at US$3.60/Lbs, and iron ore was at US$97.00/T at 4.04 PM AEDT.


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