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Highlights
- The ASX 200 benchmark index closed down today (1 September), losing 2.02% to end at 6,845.60 points.
- Over the last five days, the index has lost 2.87% and 9.05% over the last 52 weeks.
- The All-ordinaries Index fell 2.02%.
Australian share market closed on a negative note today (01 September 2022) with the benchmark S&P/ASX 200 losing 2.02% to end at 6,845.60 points. BHP, the world's largest miner, was the index's greatest drag as its shares traded ex-dividend.
Key pointers from ASX close today
- The ASX 200 benchmark index closed down today, losing 2.02% to end at 6,845.60 points.
- Top performing stocks were Endeavour Group Ltd (ASX:EDV) and A2 Milk Company Ltd (ASX:A2M), up 2.61% and 2.70% respectively.
- Bottom performing stocks in this index were Pointsbet Holdings Ltd (ASX:PBH) and Sandfire Resources Ltd (ASX:SFR), ending 15.86% and 12.12% lower respectively.
- Over the last five days, the index has lost 2.87% and 9.05% over the last 52 weeks.
- 10 of 11 sectors ended the day in red zone.
- Consumer Staples was the best performing sector today, gaining 1.03%, while materials was the worst performing sector, losing 4.86%.
- Volatility indicator A-VIX index was down 1.30% at 4.08 PM AEST.
- The All-ordinaries Index fell 2.02%.
Newsmakers
EZZ Life Science (ASX:EZZ): EZZ Life Science has increased its operating cashflows for the fiscal year 2022 as it continues to cut expenses.
To AU$1.9 million, operating cashflow surged 7.5 times over the previous year. This outcome came as EZZ increased its focus on cost containment, with advertising and marketing costs falling by AU$4.88 million and sales costs falling by more than AU$2 million.
Meanwhile, shares of EZZ closed trading flat at AU$0.36 per share today.
Surefire Resources (ASX:SRN): Surefire has hired Cain Fogarty as its new CEO.
Fogarty, who has over 20 years of mining expertise, joins the WA-based explorer as it attempts to progress its vanadium, iron ore, and gold prospects.
Meanwhile, shares of Surefire ended the day in red to close at AU$0.013 per share, down 7.14%.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 01 September 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.70% as of 4.18 PM AEST.
In global markets
The last day of the month, August 31, was the fourth consecutive day of decline and the worst monthly performance in August in the last seven years for the US stocks.
The market collapse was caused by market players walking cautiously due to fears about the Federal Reserve's aggressive monetary policy objectives.
The S&P 500 fell 0.78% to 3,955.00. The Dow Jones was down 0.88% to 31,510.43. The NASDAQ Composite lost 0.56% to 11,816.20, and the small-cap Russell 2000 fell 0.62% to 1,844.12.
On August 30, New York Fed President John Williams stated that hiking interest rates over 3.5 percent will be necessary, even into next year, to combat decades-high inflation.
In Asia, the Asia Dow was down 2.40% and the Hang Seng in Hong Kong decreased by 1.82%, while Shanghai Composite in China decreased 0.28% and Nikkei in Japan fell 1.53% at 4.31 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$88.59/bbl while Brent Oil was at US$95.03/bbl at 4.32 PM AEST.
Gold was at US$1703.81 an ounce, copper was at US$3.46/Lbs and iron ore was at US$99.00/T at 4.33 PM AEST.
