Highlights:
- The ASX 200 benchmark index closed 0.53% lower to end at 6,462.00 points.
- Over the last five days, the index has lost 3.56% and has shed 11.18% over the last 52 weeks.
- IT was the worst performing sector, losing 1.61%.
Australian share market closed on a negative note today (28 September 2022) with the benchmark S&P/ASX 200 losing 0.53% to end at 6,462.00 points.
Key pointers from ASX close today
- The ASX 200 benchmark index closed 0.53% down to end at 6,462.00 points.
- Coronado Global Resources Inc (ASX:CRN) and Ramelius Resources Limited (ASX:RMS) closed up 5.92% and 5.74% respectively.
- Telix Pharmaceuticals Ltd (ASX:TLX) and Core Lithium Ltd (ASX:CXO), ended 15.34% and 7.56% lower respectively.
- Over the last five days, the index has lost 3.56% and 11.18% over the last 52 weeks.
- Nine out of 11 sectors ended the day in red zone.
- IT, incurring losses, closed 1.61% lower.
- Utilities closed gaining 1.90%.
- Volatility indicator A-VIX index was 1.99% up at 4.17 PM AEST.
- The All-ordinaries Index fell 0.53%.
Newsmakers
Askari Metals (ASX:AS2): In the Pilbara region of Western Australia, Askari Metals' Hill lithium project has uncovered a number of major lithium prospects.
Following the conclusion of a hyperspectral remote sensing study, the new targets were found.
Meanwhile, shares of Askari Metals closed at AU$0.30 per share, up 9.09% on ASX today.
American West Metals (ASX:AW1): A new copper system at the Canadian Storm Project has been confirmed by American West Metals.
The near-surface high-grade deposits at Storm are hosted by sediment-hosted copper and zinc sulphide mineralization, according to preliminary drill hole results the company obtained.
Meanwhile, shares of American West Metals closed at AU$0.14, down 6.90% on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 28 September 2022
Bond yield
Australia’s 10-year Bond Yield stands at 4.11% as of 4.17 PM AEST.
In global markets
The Dow Jones fell to its lowest level since 2022 on Tuesday, September 27, and the S&P 500 closed at its lowest point since November 2020.
Due to the still-high inflation and central bank rate increases, the market's lingering pessimistic mood recently precipitated a significant sell-off.
The S&P 500 fell 0.21% to 3,647.29. The Dow Jones was down 0.43% to 29,134.99. The NASDAQ Composite added 0.25% to 10,829.50, and the small-cap Russell 2000 rose 0.40% to 1,662.51.
In Asia, the Asia Dow was down 0.54%, the Hang Seng in Hong Kong decreased by 2.54% while Nikkei in Japan fell 1.70% and Shanghai Composite in China lost 1.05% at 4.20 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$77.11/bbl while Brent Oil was at US$84.82/bbl at 4.22 PM AEST.
Gold was at US$1621.74 an ounce, copper was at US$3.287/lbs and iron ore was at US$99.50/T at 4.22 PM AEST.