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Highlights
- The ASX 200 benchmark index closed in the red today (November 16), losing 19.40 points or 0.27% to end at 7,122.20 points.
- Over the last five days, the index has gained 1.76%, but is down 4.33% for the last year to date.
- Energy was the biggest gainer, advancing 1.16%, followed by materials, which ended up 0.51%, while utilities fell 1.58%.
The ASX 200 benchmark index closed in the red today (November 16), losing 19.40 points or 0.27% to end at 7,122.20 points.
Key pointers from ASX closing today
- Nufarm Ltd (ASX:NUF) and Sandfire Resources Ltd (ASX:SFR) gained the most on the ASX today, moving ahead by 8.49% and 7.13%, respectively.
- De Grey Mining Limited (ASX:DEG) and Imugene Limited (ASX:IMU) fell 9.58% and 9.52%, respectively.
- Over the last five days, the index has gained 1.76%, but is down 4.33% for the last year to date.
- Eight out of 11 sectors closed in red today.
- Energy was the biggest gainer, advancing 1.16%, followed by materials, which ended up 0.51%, while utilities fell 1.58%.
- The All-Ordinaries Index fell 0.25%.
Newsmakers
Desert Metals (ASX:DM1): Another batch of high-grade results have been released by Desert Metals from its 12,745-meter drilling programme at the Innouendy project in Western Australia.
Results from 28 metres at 1371 parts per million (ppm) TREO, 16 metres at 1829 ppm TREO, and 12 metres at 1154 ppm TREO from 40 metres are among the results that stand out.
Caravel Minerals (ASX:CVV): Don Hyma, a seasoned leader in the resources sector, has been appointed managing director by Caravel Minerals (CVV), beginning November 28. Alasdair Cooke, the executive director, and private investors have been enlisted by Caravel to finance AU$12 million through a share placement.
Caravel will issue 60 million additional shares at a price of 20 cents as part of the capital increase.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 16 November 2022
Global markets
After overnight escalation of international tensions, the market began to reverse recent gains. US officials asserted that a Russian-made missile was to blame for the deaths of two people in a Polish town close to the Ukrainian border.
Russia denies having anything to do with the incident. The president of Poland stated that there was no conclusive proof of who shot the rocket.
The S&P 500 gained 0.87% to 3,991.73. The Dow Jones was 0.17% up to 33,592.92. The NASDAQ Composite increased by 1.45% to 11,358.41, and the small-cap Russell 2000 climbed by 1.50% to 1,889.20.
In Asia, the Asia Dow was 1.33% up, Nikkei in Japan gained 0.042% while the Hang Seng in Hong Kong lost 1.15% and Shanghai Composite in China decreased by 0.31% at 4.19 PM AEDT.
Bond yields
Australia’s 10-year bond yield stands at 3.74% as of 4.19 PM AEDT.
In commodities markets
Crude Oil WTI was spotted trading at US$86.19/bbl, while brent was at US$93.24/bbl at 4.20 PM AEDT.
Gold was at US$1773.80 an ounce, copper was at US$3.81/Lbs, and iron ore was at US$97.00/T at 4.20 PM AEDT.
