ASX 200 closes in red; Utilities falls 1.39%, A-REIT gains 0.92%

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ASX 200 closes in red; Utilities falls 1.39%, A-REIT gains 0.92%

 ASX 200 closes in red; Utilities falls 1.39%, A-REIT gains 0.92%
Image source: © Ipopba | Megapixl.com

Highlights

  • The ASX 200 benchmark index closed 0.28% lower to end at 6,719.90 points.
  • Over the last five days, the index has lost 3.51% and has shed off 9.24% over the last 52 weeks.
  • A-REIT was the best performing sector today, gaining 0.92%.
  • Utilities was the worst performing sector losing 1.39% followed by IT sector which closed 1.25% lower.

Australian share market, on 19 September, closed down, with the benchmark S&P/ASX 200 losing 0.28% to end at 6,719.90 points.

Key pointers from ASX close today:

  • The ASX 200 benchmark index closed 0.28% to end at 6,719.90 points.
  • Top performing stocks were Lake Resources Limited (ASX:LKE) and Pilbara Minerals Limited (ASX:PLS), closing up 12.37% and 3.49% respectively.
  • Bottom performing stocks in this index were Sayona Mining Limited (ASX:SYA) and Magellan Financial Group Ltd (ASX:MFG), ending 8.62% and 5.75% lower respectively.
  • Over the last five days, the index has lost 3.51% and lost 9.24% over the last 52 weeks.
  • Nine of 11 sectors ended the day in red zone.
  • Utilities was the worst performing sector losing 1.39% followed by IT sector which closed 1.25% lower.
  • A-REIT was the best performing sector today, gaining 0.92%.
  • Volatility indicator A-VIX index was down 1.21% at 4.17 PM AEST.
  • The All-ordinaries Index fell 0.38%.

Newsmakers

Sarytogan Graphite (ASX:SGA): Drilling results from the Sarytogan Graphite namesake deposit in Central Kazakhstan have been deemed "outstanding."

Four diamond holes northeast of the Central Graphite Zone (CGZ) and outside the inferred mineral resource region yielded thick and high-grade graphite results for the firm.

Meanwhile, shares of Sarytogan Graphite closed at AU$0.40 per share, down 1.25% on ASX.

Medibio (ASX:MEB): Medibio Ltd has roped in Thomas Young as its new CEO. His appointment is effective from today (19 September).

Dr Young has worked in medicine for more than 40 years. He was co-founder of Nview Behavioural Health and is currently a member of its board and chief medical officer.

Meanwhile, shares of Medibio closed flat at AU$0.0010 each.

Image Source: © 2022 Kalkine Media ® 
Data Source- ASX website dated 19 September 2022

Bond yield

Australia’s 10-year Bond Yield stands at 3.70% as of 4.33 PM AEST.

In global markets

The US rental inflation peaked in August by 0.7%, the largest monthly increase since 1991, amid rising inflation and a stock market gripped by worry about an upcoming recession.

According to data recently issued by the Labor Department, the increase in August caused the YTD inflation rate for housing to reach 6.3%. Although the cost of renting increased last year, the most recent study showed that over the previous 30 years, rentals increased at the highest rate in the CPI. Along with food and medical care, rents contributed to the price increase in the report for the previous month.

Meanwhile,the S&P 500 fell 0.72% to 3,873.33. The Dow Jones was down 0.45% to 30,822.42. The NASDAQ Composite lost 0.90% to 11,448.40, and the small-cap Russell 2000 fell 1.48% to 1,798.19.

In Asia, the Asia Dow was down 1.07%, the Hang Seng in Hong Kong decreased by 1.08% while Nikkei in Japan fell 1.11% and Shanghai Composite in China decreased by 0.37% at 4.33 PM AEST.

In commodities markets

Crude Oil WTI was spotted trading at US$84.86/bbl while Brent Oil was at US$91.07/bbl at 4.35 PM AEST.

Gold was at US$1666.13 an ounce, copper was at US$3.545/Lbs and iron ore was at US$101.50/T at 4.36 PM AEST.

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