ASX 200 closes in red; utilities leads gains, energy & financials fall

3 min read | December 08, 2022 04:28 PM AEDT | By Bhawna Gupta

Highlights

  • The ASX 200 benchmark index closed in the red today (December 8), losing 46.40 points or 0.64% to end at 7,183.00 points.
  • Over the last five days, the index has lost 2.33% and 3.00% over the last 52 weeks.
  • Utilities was the only gainer, advancing 1.13% while energy and financial fell 2.64% and 0.97% respectively.

The ASX 200 benchmark index closed in the red today (December 8), losing 46.40 points or 0.64% to end at 7,183.00 points.

Key pointers from ASX closing today

  • Chalice Mining Ltd (ASX:CHN) and West African Resources Ltd (ASX:WAF) gained the most on the ASX today, moving ahead 13.47% and 5.12%, respectively.
  • Downer EDI Ltd (ASX:DOW) and Core Lithium Ltd (ASX:CXO) fell 21.36% and 9.35%, respectively.
  • Over the last five days, the index has lost 2.33% and 3.00% over the last 52 weeks.
  • Seven out of 11 sectors closed in red today.
  • Utilities was the biggest gainer, advancing 1.13% while energy and financial fell 2.64% and 0.97% respectively.
  • The All-Ordinaries Index fell 0.72%.

Newsmakers

Renascor Resources (ASX:RNU): The institutional placement of $70 million by Renascor Resources (RNU) to advance the Siviour battery anode material (BAM) project in South Australia has been successfully completed.

As stated in a market announcement made on December 7, the company will issue 254,5 million additional shares at a price of 27.5 cents, or 14.2% less than its 10-day volume-weighted average price.

Lucapa Diamond Company (ASX:LOM): Angola's Lucapa Diamond Company (LOM) has retrieved 20 diamonds totaling 15.51 carats from a bulk kimberlite sample from Lulo project.Five diamonds, the largest of which weighed 1.95 carats, according to the business, were over one carat in weight.

Global markets

In the midst of pessimistic predictions about the future in the US, the robust recovery from the lows of early October is being put to the test for the first time. This week, business leaders gathered to dim the outlook for the American consumer and, consequently, corporate earnings.

The S&P 500 lost 0.19% to 3,933.92. The Dow Jones was merely 0.0047% up to 33,597.92. The NASDAQ Composite decreased 0.51% to 10,958.55, and the small-cap Russell 2000 fell 0.31% to 1,806.90.

In Asia, Hang Seng in Hong Kong gained 1.23% while the Asia Dow was 0.28% down, Nikkei in Japan fell 0.59% and Shanghai Composite in China decreased by 0.016% at 4.24 PM AEDT.

Bond yields

Australia’s 10-year bond yield stands at 3.36% as of 4.14 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$72.63/bbl, while brent was at US$77.71/bbl at 4.15 PM AEDT.

Gold was at US$1782.78 an ounce, copper was at US$3.85/Lbs, and iron ore was at US$107.50/T at 4.15 PM AEDT.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next