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Highlights
- The ASX 200 benchmark index closed 2.50 points up to end at 6,647.50 points on Wednesday (12 October 2022).
- Over the last five days, the index has lost 2.47% and 8.40% over the last 52 weeks.
- Financial sector gained the maximum today, advancing 1.89% followed by A-REIT which ended 1.04% up.
The S&P/ASX200 closed higher on Wednesday (12 October), gaining 2.50 points to end at 6,647.50 points.
Key pointers from ASX close today
- The ASX 200 benchmark index closed up today, gaining 2.50 points or 0.04% to end at 6,647.50 points.
- Bank of Queensland Ltd (ASX:BOQ) and Coronado Global Resources Inc (ASX:CRN), gained the most on the index, closing 11.127% and 8.010% strong respectively.
- On the benchmark index, Nickel Industries Ltd (ASX:NIC) and Mineral Resources Limited (ASX:MIN), marked most of the losses, ending 3.185% and 3.655% lower respectively.
- Over the last five days, the index has lost 2.47% and has shed off 8.40% over the last 52 weeks.
- Two out of eleven sectors closed higher today.
- Financial gained the most, closing 1.89% up, followed by A-REIT which ended 1.04% up.
- The All-ordinaries Index fell 0.03%.
Newsmakers
Kairos Minerals (ASX:KAI): At its Croydon project in Western Australia, Kairos Minerals (KAI) has identified lithium and gold possibilities.
More than 1300 soil samples were obtained during the geochemical sampling programme.
Meanwhile, shares of Kairos Minerals closed at AU$0.030 per share, up 3.45% on ASX today.
Elixir Energy (ASX:EXR): At its Nomgon IX Coal CBM project in Mongolia, Elixir Energy (EXR) has finished drilling its Nomgon-8 and Nomgon-9 wells.
The Nomgon-8 well, the second to be finished as part of Elixir's expanded production programme, was drilled to 562 metres in 10 days, breaking the company's previous record.
Meanwhile, shares of Elixir Energy closed flat at AU$0.15 per share on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source - ASX website dated 12 October 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.97% as of 4.23 PM AEDT.
In global markets
On Tuesday, 11 October 2022, the S&P 500 and Nasdaq Composite indexes closed lower for the fifth session in a row as investors awaited the release of important economic data and third-quarter corporate reports, which may also set the stage for future market trading.
This week, a number of large corporations like PepsiCo, Inc. (PEP), UnitedHealth Group Incorporated (UNH), and Morgan Stanley (MS), among others, will be releasing their quarterly earnings reports. The companies' take on increased prices, higher policy rates, and other market uncertainty will be evident after the reports are released.
Additionally, the Thursday release of the inflation figures will also be closely watched by market investors. Investors anticipate that the consumer-price-index, or CPI, data, a preferred measurement of inflation, will aid in their understanding of how aggressively the Fed is likely to act in the upcoming days.
Meanwhile, the S&P 500 fell 0.65% to 3,588.84. The Dow Jones was up 0.12% to 29,239.19. The NASDAQ Composite lost 1.10% to 10,426.19, and the small-cap Russell 2000 rose 0.06% to 1,692.92.
In Asia, the Asia Dow was 2.94% down, Nikkei in Japan decreased by 0.017% while Shanghai Composite in China lost 1.04% and the Hang Seng in Hong Kong fell 2.17% at 4.30 PM AEDT.
In commodities markets
Crude Oil WTI was spotted trading at US$88.75/bbl while Brent Oil was at US$93.54/bbl at 4.31 PM AEDT.
Gold was at US$1666.67 an ounce, copper was at US$3.423/lbs and iron ore was at US$97.50/T at 4.31 PM AEDT.
