ASX 200 closes in red; energy & materials lead losses

Highlights

• The ASX 200 benchmark index closed 1.60% lower to end at 6,469.40 points today (26 September).
• Over the last five days, the index has lost 3.73%, while it has plunged 11.89% over the last 52 weeks.
• Six out of 11 sectors ended the day in red zone.

Australian share market closed on a negative note today (26 September 2022) with the benchmark S&P/ASX 200 losing 1.60% to end at 6,469.40 points.

Key pointers from ASX close today

• The ASX 200 benchmark index closed 1.60% down to end at 6,469.40 points.
• Nanosonics Ltd (ASX:NAN) and Megaport Limited (ASX:MP1) closed up 4.68% and 3.62% respectively.
• New Hope Corporation Limited (ASX:NHC) and Costa Group Holdings Ltd (ASX:CGC), ended 14.69% and 14.17% lower respectively.
• Over the last five days, the index has lost 3.73% and 11.89% over the last 52 weeks.
• Six out of 11 sectors ended the day in red zone.
• Energy was the worst performing sector, losing 6.30%.
• Healthcare was the best performing sector today, gaining 1.97%.
• Volatility indicator A-VIX index was 9.40% up at 4.35 PM AEST.
• The All-ordinaries Index fell 1.79%.

Newsmakers

Sheffield Resources (ASX:SFX): Kimberley Mineral Sands (ASX:KMS) has signed a five-year LNG supply contract. Kimberley is 50% controlled by Sheffield Resources.

Kimberley signed the agreement for the delivery of 650 terajoules of liquefied natural gas (LNG) annually to the Thunderbird mineral sands project in northern Western Australia with joint venture companies Woodside Energy and EDL (collectively WEJV).

Meanwhile, shares of Sheffield Resources closed at AU$0.41, down 4.65% on ASX today.

AML3D Ltd (ASX:AL3): AML3D, a metal additive manufacturing specialist, has hired Ryan Millar as CEO.

According to the company, the hiring is in keeping with its ambitions to increase leadership competencies as it executes its growth strategy.

Meanwhile, shares of AML3D closed flat at AU$0.095 each on Monday (26 September).

Image Source: © 2022 Kalkine Media ® 
Data Source- ASX website dated 26 September 2022

Bond yield

Australia’s 10-year Bond Yield stands at 4.01% as of 5.02 PM AEST.

In global markets

On Friday, 23 September, US equities concluded the session on a negative note as investors expressed anxiety over economic growth amidst a flurry of macroeconomic concerns. Due to growing concerns about a potential recession, investors have been obliged to stay away from risky equities as interest rates have increased.

This month, the Federal Reserve has increased interest rates by 75 basis points, the third time. This is the latest step the central bank has taken to combat the decades-high inflation.

The S&P 500 fell 1.72% to 3,693.23. The Dow Jones was down 1.62% to 29,590.41. The NASDAQ Composite lost 1.80% to 10,867.93, and the small-cap Russell 2000 fell 2.48% to 1,679.59.

As investors are concerned about rising costs, higher insurance rates, and other economic factors, the Dow Jones Industrial Average dropped to its lowest point in the current year.

In Asia, the Asia Dow was down 2.25%, the Hang Seng in Hong Kong decreased by 0.69% while Nikkei in Japan fell 2.66% and Shanghai Composite in China decreased by 1.207% at 5.06 PM AEST.

In commodities markets

Crude Oil WTI was spotted trading at US$78.15/bbl while Brent Oil was at US$85.39/bbl at 5.08 PM AEST.

Gold was at US$1642.32 an ounce, copper was at US$3.345/Lbs and iron ore was at US$101.00/T at 5.08 PM AEST.