AUS
NZ
UK
CA
USA
IND
_06_15_2026_08_31_29_563066.jpg)
Highlights
- The ASX 200 benchmark index closed 1.87% lower to end at 6,574.70 points.
- Over the last five days, the index has lost 2.44% and has shed 10.79% over the last 52 weeks.
- Consumer Discretionary and IT sectors were the worst performing sector losing 4.44% each.
Australian share market closed the week on a negative note today (23 September 2022) with the benchmark S&P/ASX 200 losing 1.87% to end at 6,574.70 points.
Australian stock exchange was taking cues from the Wall Street stocks that traded under pressure owing to worries regarding a big rate hike tonight.
Key pointers from ASX close today
- The ASX 200 benchmark index closed 1.87% to end at 6,574.70 points.
- Top performing stocks were New Hope Corporation Limited (ASX:NHC) and Whitehaven Coal Ltd (ASX:WHC), closing up 2.76% and 2.68% respectively.
- Bottom performing stocks in this index were Block Inc (ASX:SQ2) and Xero Limited (ASX:XRO), ending 8.94% and 7.84% lower respectively.
- Over the last five days, the index has lost 2.44% and 10.79% over the last 52 weeks.
- All 11 sectors ended the day in red zone.
- Consumer Discretionary and IT sectors were the worst performing sector losing 4.44% each.
- Volatility indicator A-VIX index was 8.93% up at 4.17 PM AEST.
- The All-ordinaries Index fell 1.92%.
Newsmakers
Felix Gold (ASX:FXG): At its Treasure Creek property in Alaska, Felix Gold has found a number of new gold zones.
Assays from 11 holes drilled on Treasure Creek Reconnaissance Line One that were intended to be expansions of the Eastgate Central zone have just been received by the firm.
Shares of Felix closed flat at AU$0.16 each on ASX today.
MotorCycle (ASX:MTO): MotorCycle will purchase the entire 100% stock of Mojo Motorcycles and Mojo Electric Vehicles, collectively known as the Mojo Group. The deal will be valued at AU$60 million.
Mojo Group is an importer of authentic spare parts and accessories for motorcycles, scooters, ATVs, electric motorcycles, and other vehicles in Australia and New Zealand.
Shares of MotorCycle closed trading at AU$2.49 each, up 15.28% on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 23 September 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.93% as of 4.53 PM AEST.
In global markets
On 22 September, Wall Street indices slightly declined as investors traded cautiously due to growing concerns about rising rates. The market investors now believe that the central bank's hawkish decision could trigger a recession.
On Thursday (on September 22), the Federal Reserve increased the interest rate by 0.75 points while indicating that it would remain higher for some time. In order to control inflation, the Federal Reserve will support aggressive rate hikes in the upcoming months, according to Fed Chair Jerome Powell.
The S&P 500 fell 0.84% to 3,757.99. The Dow Jones was down 0.35% to 30,076.68. The NASDAQ Composite lost 1.37% to 11,066.81, and the small-cap Russell 2000 fell 2.26% to 1,722.31.
In Asia, the Asia Dow was down 0.50%, the Hang Seng in Hong Kong decreased by 0.66% while Nikkei in Japan fell 0.58% and Shanghai Composite in China decreased by 0.67% at 4.54 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$82.91/bbl while Brent Oil was at US$89.78/bbl at 4.55 PM AEST.
Gold was at US$1670.27 an ounce, copper was at US$3.459/Lbs and iron ore was at US$100.50/T at 4.56 PM AEST.
