ASX 200 closes in red; energy gains, utilities leads losses

3 min read | October 21, 2022 04:22 PM AEDT | By Bhawna Gupta

Highlights

  • The ASX 200 benchmark index closed down today (21 October), losing 53.90 points or 0.80% to end at 6,676.80 points.
  • Over the last five days, the index has lost 1.21% and 9.96% over the last 52 weeks.
  • Utilities and materials were the biggest losers, closing 3.39% and 2.99% respectively, while energy went up 1.58%.

The S&P/ASX200 closed lower on Friday (21 October), losing 53.90 points or 0.80% to end at 6,676.80 points.

Key pointers from ASX close today

  • The ASX 200 benchmark index closed down today, 53.90 points or 0.80% to end at 6,676.80 points.
  • Telix Pharmaceuticals Ltd (ASX:TLX) and New Hope Corporation Limited (ASX:NHC) gained the most on the index, closing 12.67% and 7.69% up respectively.
  • On the benchmark index, Home Consortium Ltd (ASX:HMC) and Origin Energy Ltd (ASX:ORG), marked most of the losses, ending 5.46% and 4.35% lower respectively.
  • Over the last five days, the index has lost 1.21% and 9.96% over the last 52 weeks.
  • 10 out of 11 sectors closed in the red.
  • Utilities and materials were the biggest losers, going down 3.39% and 2.99% respectively.
  • Energy sector advanced 1.58%.
  • Volatility indicator A-VIX index was 2.54% down at 4.11 PM AEDT.
  • The All-ordinaries Index fell 0.71%.

Newsmakers

Strickland Metals (ASX:STK): Today (October 21), Strickland Metals Limited announced its intention to pursue a demerger of its Iroquois Zinc-Lead Project located in Western Australia's Earaheedy Basin.

The 80% project is owned by Strickland and 20% by Gibb River Diamonds Ltd (ASX:GIB), the company said in an ASX filing.

The deal is subject to necessary shareholder, ASX and regulatory approvals.

Meanwhile, shares of Strickland closed at AU$0.054 each, up 17.39% on ASX today.

Rhythm Biosciences (ASX:RHY): Rhythm Biosciences Ltd, an ASX-listed diagnostics technology firm, said today (October 21) that it has received a research and development (R&D) tax refund of AU$2.7 million as part of the R&D tax incentive of the government.

The money will help the company to further support its global commercialisation activities and other operational milestones.

Meanwhile, shares of Rhythm Biosciences closed at AU$1.19 each, up 3.48% on ASX today.

Bond yield

Australia’s 10-year Bond Yield stands at 4.22% as of 4.13 PM AEDT.

Image Source: © 2022 Kalkine Media ® 
Data Source- ASX website dated 21 October 2022

In global markets

The hawkish comments made by policymakers on Thursday (October 20) which countered market participants' excitement on the strong reports from the companies, contributed to the continued drop of US stocks.

The S&P 500 fell 0.80% to 3,665.78. The Dow Jones was down 0.30% to 30,333.59. The NASDAQ Composite lost 0.61% to 10,614.84, and the small-cap Russell 2000 fell 1.24% to 1,704.39.

In Asia, the Asia Dow was 1.30% down, Nikkei in Japan decreased by 0.33%, the Hang Seng in Hong Kong fell 0.47% while Shanghai Composite in China gained 0.29% at 4.15 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$85.09/bbl while Brent Oil was at US$93.00/bbl at 4.16 PM AEDT.

Gold was at US$1620.59 an ounce, copper was at US$3.426/lbs and iron ore was at US$94.00/T at 4.16 PM AEDT.


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