AUS
NZ
UK
CA
USA
IND
Highlights
- The ASX 200 benchmark index closed down today (6 September), losing 0.38% to end at 6,826.50 points.
- Over the last five days, the index has lost 2.45% and 9.32% over the last 52 weeks.
- IT was the best performing sector today, gaining 0.67%, while utilities was the worst performing sector, losing 1.86%.
Australian share market closed on a negative note today (06 September 2022) with the benchmark S&P/ASX 200 losing 0.38% to end at 6,826.50 points..
The stock market fell after the Reserve Bank upped the official interest rate by 50 basis points and showed no signs of slowing the rate hikes. The bank stated that the rise was required to bring inflation down from its peak in the early 1990s.
Key pointers from ASX close today
- The ASX 200 benchmark index closed down today, losing 0.38% to end at 6,826.50 points..
- Top performing stocks were Paladin Energy Ltd (ASX:PDN) and Pilbara Minerals Ltd (ASX:PLS), up 7.78% and 7.03% respectively.
- Bottom performing stocks in this index were Super Retail Group Ltd (ASX:SUL) and Codan Limited (ASX:CDN), ending 6.21% and 5.63% lower respectively.
- Over the last five days, the index has lost 2.45% and 9.32% over the last 52 weeks.
- Seven of 11 sectors ended the day in red zone.
- IT was the best performing sector today, gaining 0.67%, while utilities was the worst performing sector, losing 1.86%.
- Volatility indicator A-VIX index was up 1.68% at 4.22 PM AEST.
- The All-ordinaries Index fell 0.26%.
Newsmakers
Greenvale Mining (ASX:GRV): Independent specialists have informed Greenvale Mining (GRV) of the significant geothermal potential in Queensland's Millungera Basin.
Ascendience Geoscience was hired by the corporation to evaluate a report on the region issued by the Geological Survey of Queensland.
Meanwhile, shares of Greenvale closed flat at AU$0.10 each on ASX today.
Hastings Technology Metals (ASX:HAS): Hastings Technology Metals has begun an AU$100 million placement as well as an AU$10 million share buy scheme.
The offering will be done in two stages, with approximately 22.7 million new fully-paid ordinary shares issued at AU$4.40 apiece.
Meanwhile, Hastings Technology shares last traded at AU$5.42 each on ASX on 2 September.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 06 September 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.67% as of 4.54 PM AEST.
In global markets
For the Labor Day holiday, Wall Street was closed overnight. The Stoxx 600 fell 0.62% in Europe after Russia's state-owned Gazprom failed to resume gas supply to Europe following maintenance.
In Asia, the Asia Dow was down 1.16% while the Hang Seng in Hong Kong increased by 0.058%, Nikkei in Japan rose 0.025% and Shanghai Composite in China increased 1.35% at 4.54 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$88.99/bbl while Brent Oil was at US$95.63/bbl at 4.58 PM AEST.
Gold was at US$1720.14 an ounce, copper was at US$3.50/Lbs and iron ore was at US$101.00/T at 4.59 PM AEST.
