ASX 200 closes in red; healthcare leads gains, energy falls

3 min read | December 02, 2022 04:30 PM AEDT | By Bhawna Gupta

Highlights

  • The ASX 200 benchmark index closed in the red today (December 2), losing 47.30 points or 0.64% to end at 7,307.10 points.
  • Over the last five days, the index has gained 0.66%, but is down 1.85% for the last year to date.
  • Healthcare was the biggest gainer, advancing 1.40%, followed by telecommunications services, which ended up 1.01%, while energy fell 2.45%

The ASX 200 benchmark index closed in the red today (December 2), losing 47.30 points or 0.64% to end at 7,307.10 points.

Key pointers from ASX closing today

  • St Barbara Ltd (ASX:SBM) and Capricorn Metals Ltd (ASX:CMM) gained the most on the ASX today, moving ahead by 10% and 7.75%, respectively.
  • IPH Ltd (ASX:IPH) and Corporate Travel Management Ltd (ASX:CTD) fell 5.45% and 5.18%, respectively.
  • Over the last five days, the index has gained 0.66%, but is down 1.85% for the last year to date.
  • Seven out of 11 sectors closed in red today.
  • Healthcare was the biggest gainer, advancing 1.40%, followed by telecommunications services, which ended up 1.01%, while energy fell 2.45%.
  • The All-Ordinaries Index fell 0.67%.

Newsmakers

Winsome Resources (ASX:WR1): Winsome Resources (WR1) has agreed to purchase Sinomine Rare Metals Resources' shares in TSX-V-listed Power Metals as a result of recent changes to Canadian law, according to an ASX filing.

Three Chinese businesses, including Sinomine, have lately been compelled by the Canadian government to sell their holdings in vital Canadian minerals.

Metal Hawk (ASX:MHK): A diamond drilling campaign has been started by Metal Hawk at the Berehaven nickel deposit in the West Australian goldfields, as per an ASX release.

Since its initial discovery of high grade nickel sulphide at the Commodore prospect in September 2021, the firm has been conducting systematic exploration at the project.

Global markets

After Wednesday's ferocious rise, international markets took a breather overnight. In the US, manufacturing activity shrank for the first time in 2.5 years. More so than anticipated, core inflation decreased.

The S&P 500 lost 0.087% to 4,076.57. The Dow Jones was 0.56% down to 34,395.01. The NASDAQ Composite increased merely by 0.13% to 11,482.45, and the small-cap Russell 2000 fell 0.26% to 1,881.68.

In Asia, Nikkei in Japan lost 1.66%, the Asia Dow was 0.44% down while the Hang Seng in Hong Kong lost 0.77% and Shanghai Composite in China decreased by 0.34% at 4.20 PM AEDT.

Bond yieldsAustralia’s 10-year bond yield stands at 3.39% as of 4.21 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$81.06/bbl, while brent was at US$86.86/bbl at 4.22 PM AEDT.

Gold was at US$1798.16 an ounce, copper was at US$3.78/Lbs, and iron ore was at US$105.00/T at 4.23 PM AEDT.


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