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Highlights:
- The ASX 200 benchmark index closed 1.52% down to end at 6,739.10 points today (16 September 2022).
- Over the last five days, the index has lost 2.25% and 9.67% over the last 52 weeks.
- Energy was the worst performing sector losing 2.96% followed by materials sector which closed 2.81% lower.
Australian share market closed the week on a negative note today (16 September 2022) with the benchmark S&P/ASX 200 losing 1.52% to end at 6,739.10 points.
The S&P/ASX 200 witnessed a fall after National Australia Bank Limited (ASX:NAB) and Australia and New Zealand Banking Group Limited (ASX:ANZ) increased their projections for the RBA rates decision next month. The actions were taken following Reserve Bank Governor Philip Lowe's testimony before a parliamentary committee today.
Key pointers from ASX close today:
- The ASX 200 benchmark index closed 1.52% down to end at 6,739.10 points today.
- Top performing stocks were Star Entertainment Group Ltd (ASX:SGR) and Computershare Limited (ASX:CPU), closing up 5.07% and 4.415% respectively.
- Bottom performing stocks in this index were Atlas Arteria Group (ASX:ALX) and Gold Road Resources (ASX:GOR) , ending 15.621% and 8.760% lower respectively.
- Over the last five days, the index has lost 2.25% and 9.67% over the last 52 weeks.
- All 11 sectors ended the day in red zone.
- Energy was the worst performing sector losing 2.96% followed by materials sector which closed 2.81% lower.
- Volatility indicator A-VIX index was up 7.74% at 4.17 PM AEST.
- The All-ordinaries Index fell 1.51%.
Newsmakers
New Century Resources (ASX:NCZ): As part of its growth strategy, New Century Resources has chosen Robert Cooper to be its new CEO and Managing Director.
Future expansion plans for the company include developing the Century hard rock assets, restarting the copper mine at Mount Lyell, and continuing to work toward creating a tailings asset management services industry.
Meanwhile, shares of New Century Resources closed trading at AU$1.44 each, down 7.10% on ASX today.
Austral Resources (ASX:AR1): A scoping study for the Lady Colleen (LC) development project, which is situated on an active mining license in Queensland, has been approved by Austral Resources.
The project's infrastructure is already in place at LC, which is just two kilometers from the Mt Kelly processing plant where the business already produces copper cathode from the Anthill mine.
Meanwhile, shares of Austral Resources closed trading at AU$0.31 each, down 6.06% on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 16 September 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.75% as of 4.22 PM AEST.
In global markets
On Thursday, 15 September 2022, US indices gave up session-high gains to close in the red, as a flurry of economic data failed to alay worries about the Fed's impending move against inflation control.
Unexpectedly, US retail sales increased last month as consumers increased their spending on cars and increased their dining out activities in response to a strong drop in petrol costs. However, because of the dramatic rate increases made by the central bank in August, demand decreased.
The S&P 500 fell 1.13% to 3,901.35. The Dow Jones was down 0.56% to 30,961.82. The NASDAQ Composite lost 1.43% to 11,552.36, and the small-cap Russell 2000 fell 0.72% to 1,825.23.
In Asia, the Asia Dow was down 1.05%, the Hang Seng in Hong Kong decreased by 0.63% while Nikkei in Japan fell 1.11% and Shanghai Composite in China decreased by 1.80% at 4.29 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$85.48/bbl while Brent Oil was at US$91.22/bbl at 4.31 PM AEST.
Gold was at US$1659.90 an ounce, copper was at US$3.495/Lbs and iron ore was at US$104.50/T at 4.32 PM AEST.
