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Highlights:
- The ASX 200 benchmark index closed lower on Friday (22 July 2022), down 0.041% at 6,791.50 points.
- In last five trading sessions, the benchmark index has gained 2.81%, but is down 8.77% on year-to-date basis.
- Bottom performing stocks in this index were Webjet Limited and Paladin Energy Ltd, down 6.57% and 6.33% respectively.
Australian share market closed the week on a negative note with the benchmark S&P/ASX 200 shedding 0.041% or 2.80 points to end at 6,791.50 points today (July 22). Australian shares opened on a flat-to-negative note after ECB rate hike. In the second-half, indices extended losses as more sectors witnessed selling pressure.
Key pointers from ASX close today
- The ASX 200 benchmark index closed lower on Friday, down 0.041% at 6,791.50 points.
- Bottom performing stocks in this index were Webjet Limited (ASX:WEB) and Paladin Energy Ltd (ASX:PDN), down 6.57% and 6.33% respectively.
- Top performing stocks featured Pointsbet Holdings Limited (ASX:PBH), ZIP Co Limited (ASX:ZIP) and Polynovo Limited (ASX:PNV) ending 16.25%, 13.55% and 9.18% higher respectively.
- In last five trading sessions, the benchmark index has gained 2.81%, but is down 8.77% on year-to-date basis.
- Most of the sectors ended with losses; 8 of 11 ASX sectors finished the day in red.
- A-REIT was the best performing sector, gaining 0.89%. The sector has gained 2.36% in last five trading days.
- Telecom services sector closed 1.32% lower, followed by energy sector that ended today’s session 1.19% down.
- Volatility indicator A-VIX index was down 3.22% today.
- The All-ordinaries Index followed the broader market trend losing 0.094%.
News Makers
Silk Logistics Holdings Limited (ASX: SLH): The integrated logistics company has signed a deal to buy Perth-based Fremantle Freight & Storage Pty Ltd, a port logistics expert. Shares of Silk Logistics closed trading at AU$2.18 each, up 2.83% on ASX today.
Brickworks Limited (ASX:BKW): Brickworks today announced that it has started a new joint venture manufacturing property trust named Brickworks Manufacturing Trust with Goodman Group. The building material manufacturer's shares ended 1.39% higher at AU$20.41 apiece on ASX today.
Insurance Australia Group Ltd (ASX:IAG): The insurer, which is listed on the ASX, declared a net profit after tax (NPAT) of AU$347 million for the 12 months ended on June 30, 2022, compared to a loss of AU$427 million the year prior. Shares of Insurance Australia Group last exchanged hands at AU$4.21 per share, down 1.41% on ASX today.
Image Source: © Djbobus | Megapixl.com
Bond yields
Australia’s 10-year Bond Yield stands at 3.464% as of 3.56 PM AEST.
In global markets
As the US recovery picked up speed this week, tech stocks had been leading. The Nasdaq Composite's weekly gain increased to 5.3% after an overnight advance of 1.36%. The S&P 500 added 0.99%, giving it a 3.5% weekly gain.
In Asia, the Asia Dow advanced 0.038%, while Nikkei in Japan gained 0.40% at 4.00 PM AEST. On the other hand, Shanghai Composite in China dropped 0.54% while the Hang Seng in Hong Kong fell 0.16% at 4.01 PM AEST.
In Commodities markets
Crude Oil WTI was spotted trading at US$97.58/bbl at 4.08 PM AEST while Brent Oil was at US$105.16/bbl at 4.09 PM AEST.
Gold was at US$1716.81 an ounce and iron ore was at US$100.50/T at 4.10 PM AEST.
