ASX 200 closes marginally lower; IT leads losses

September 28, 2022 04:27 PM AEST | By Bhawna Gupta
 ASX 200 closes marginally lower; IT leads losses
Image source: © Timonschneider | Megapixl.com

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.


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 Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. 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 that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website 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 as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.