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Highlights
- The ASX 200 benchmark index closed down today (7 October), losing 0.80% to end at 6,762.80 points.
- Over the last five days, the index has gained 4.46%, but is down 9.16% for the last year to date.
- A-REIT was the biggest loser, closing 2.01% lower followed by IT sector which ended 1.77% down.
The S&P/ASX200 closed lower on Friday (07 October), losing 54.70 points or 0.80% to end at 6,762.80 points.
Key pointers from ASX close today
- The ASX 200 benchmark index closed down today, losing 54.70 points or 0.80% to end at 6,762.80 points.
- Karoon Energy Ltd (ASX:KAR) and Whitehaven Coal Ltd (ASX:WHC), gained the most on the index, closing 9.18% and 4.78% strong respectively.
- On the benchmark index, Iluka Resources Limited (ASX:ILU) and Megaport Ltd (ASX:MP1), marked most of the losses, ending 6.33% and 4.82% lower respectively.
- Over the last five days, the index has gained 4.46%, but is down 9.16% for the last year to date.
- 10 out of 11 sectors closed lower today.
- A-REIT was the biggest loser, closed 2.01% lower followed by IT sector which ended 1.77% down.
- Energy was the only gainer, advancing 0.95%.
- Volatility indicator A-VIX index was up 6.90% at 5.23 PM AEDT.
- The All-ordinaries Index fell 0.82%.
Newsmakers
Odessa Minerals (ASX:ODE): Odessa Minerals informed that it is exercising the option to purchase the E08/3217 exploration licence from Historic Gold Mines.
Last month, the parties agreed to sign a legally binding contract under which Odessa would purchase the 148-square-kilometer tenement in Western Australia's Gascoyne region.
Shares of Odessa Minerals closed trading at AU$0.021 per share, up 16.67% on ASX today.
Matsa Resources (ASX:MAT): To advance the Devon project in Western Australia, Matsa Resources (MAT) and Linden Gold Alliance have signed an indicative term sheet.
For the sale of the Red October and Devon pits and related tenements as part of Matsa's larger Lake Carey project, the firms entered a sale and purchase agreement (SPA) in December 2021.
Shares of Matsa closed trading at AU$0.039 per share, up 2.63% on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source - ASX website dated 07 October 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.87% as of 5.52 PM AEDT.
In global markets
Benchmark US indexes kept falling on Thursday, 6 October, as investors proceeded cautiously in anticipation of the eagerly awaited nonfarm payrolls data and the policymakers' hawkish comments that had dampened market sentiment.
Chicago Fed President Charles Evans was the most recent official to make a hawkish remark on their monetary policies on Thursday. Given the continued high inflation, Evans stated that policymakers plan to announce a 1.25 bps increase in interest rates before 2022 ends.
The S&P 500 fell 1.02% to 3,744.52. The Dow Jones was down 1.15% to 29,926.94. The NASDAQ Composite lost 0.68% to 11,073.31, and the small-cap Russell 2000 fell 0.58% to 1,752.51.
In Asia, the Asia Dow was 0.31% down, Nikkei in Japan decreased by 0.71% while Shanghai Composite in China lost 0.55% and the Hang Seng in Hong Kong fell 1.33% at 5.56 PM AEDT.
In commodities markets
Crude Oil WTI was spotted trading at US$88.28/bbl while Brent Oil was at US$93.93/bbl at 5.57 PM AEDT.
Gold was at US$1709.14 an ounce, copper was at US$3.445/lbs and iron ore was at US$98/T at 5.58 PM AEDT.
