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Highlights
- The ASX 200 benchmark index closed higher today (July 27), up 0.23% at 6,823.20 points.
- In last five trading sessions, the benchmark index has gained 0.95%, but is down 8.35% on year-to-date basis.
- Healthcare was the best performing sector today, gaining 1.19%.
Australian share market closed on a positive note today (July 27) with the benchmark S&P/ASX 200 gaining 0.23% or 15.90 points to end at 6,823.20 points.
Key pointers from ASX close today
- The ASX 200 benchmark index closed higher on Wednesday, up 0.23% at 6,823.20 points.
- Top performing stocks featured Zip Company Limited (ASX:ZIP) and Clinuvel Pharmaceuticals Limited (ASX:CUV), up 20.98% and 8.03% respectively.
- Bottom performing stocks in this index were Champion Iron Ltd (ASX:CIA) and Iluka Resources Limited (ASX:ILU), ending 4.54% and 4.32% lower respectively.
- In last five trading sessions, the benchmark index has gained 0.95%, but is down 8.35% on year-to-date basis.
- Most of the sectors ended with gains with six out of 11 ASX sectors closing the day in green territory.
- Healthcare was the best performing sector, gaining 1.19%. The sector has gained 0.84% in last five trading days.
- Materials was the worst performing sector today, down 1.21%, followed by utilities sector which plunged 0.57% today.
- Volatility indicator A-VIX index was up 3.47% today at 5.48 PM AEST.
Newsmakers
Telstra Corporation Limited (ASX:TLS): Telstra and Microsoft Corporation have extended their strategic alliance for a further five years.
Shares of Telstra ended the day at AU$3.92 each, down 0.51% on ASX today.
Dotz Nano Limited (ASX:DTZ): With a new patent for bulk liquid tagging, identification, and authentication that was obtained from the US Patent and Trademark Office, Dotz Nano has made significant progress.
Dotz Nano shares closed 1.79% higher at AU$0.29 each on ASX today.
Echo IQ (ASX:EIQ): A significant step has been made in commercialising Echo IQ's solutions in the US market. In order to conduct clinical research on its technology, the company has partnered with Beth Israel Deaconess Medical Center (BIDMC), a premier teaching hospital affiliated with Harvard Medical School.
The shares of Echo IQ last exchanged hands at flat AU$0.15 apiece on ASX today.
Bond yields
Australia’s 10-year Bond Yield stands at 3.29% as of 4.09 PM AEST.
In global markets
On Tuesday (July 26), US markets dipped as traders exercised caution ahead of the Fed's statement on Wednesday. Additionally, the traders' mood was also affected by Walmart’s earnings warning.
The S&P 500 dropped 1.15% to 3,921.05 points, while the Dow Jones fell 0.71% to 31,761.54. The NASDAQ Composite decreased by 1.87% to 11,562.57, and the small-cap Russell 2000 dipped 0.69% to 1,805.25.
A number of major corporations are anticipated to disclose their earnings this week, making it a critical week for corporate earnings as well. On Wednesday, following the closing of the markets, Alphabet Inc, Visa Inc, and Microsoft Corporation are expected to release their earnings.
As it lowered its growth forecast, the International Monetary Fund on Wedneday issued a warning about a potential global recession. The US-based organisation lowered its forecast for global growth this year from 3.2% to 3.2%, or four-tenths of a percentage point. The fund also decreased its 2023 growth prediction by seven tenths of a point, to 2.9%.
In Asia, the Asia Dow gained 1.29%, Nikkei in Japan increased by 0.22%, Shanghai Composite in China rose 0.097% while the Hang Seng in Hong Kong fell 1.16% at 4.23 PM AEST.
In Commodities markets
Crude Oil WTI was spotted trading at US$95.59/bbl AEST while Brent Oil was at US$99.72/bbl at 4.33 PM AEST.
Gold was at US$1716.03 an ounce, copper was at US$3.39/Lbs and iron ore was at US$110/T at 4.34 PM AEST.
