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Highlights
- The ASX 200 benchmark index closed up today (26 October), gaining 12.30 points or 0.18% to end at 6,810.90 points.
- Over the last five days, the index is virtually unchanged, but is down 8.51% for the last year to date.
- A-REIT was the biggest gainer, advancing 2.50% followed by utilities which ended 2.41% up, while consumer staples falls 2.39%.
The ASX 200 benchmark index closed up today (26 October), gaining 12.30 points or 0.18% to end at 6,810.90 points.
After inflation data for the September quarter appeared to lock in a rate rise next week and possibly another in December, stocks pared gains and bond prices dropped.
Key pointers from ASX close today
- The ASX 200 benchmark index closed up today (26 October), gaining 12.30 points or 0.18% to end at 6,810.90 points.
- Costa Group Holdings Ltd (ASX:CGC) and GUD Holdings Limited (ASX:GUD) gained the most on the index, moving ahead 11.21% and 4.48% respectively.
- Medibank Private Ltd (ASX:MPL) and Whitehaven Coal Ltd (ASX:WHC) fell 17.12% and 7.82% respectively.
- Over the last five days, the index is virtually unchanged, but is down 8.51% for the last year to date.
- Nine out of 11 sectors closed in green today.
- A-REIT was the biggest gainer, advancing 2.50% followed by utilities which ended 2.41% up, while consumer staples falls 2.39%.
- The All-Ordinaries Index gained 0.16%.
Newsmakers
WA1 Resources (ASX:WA1): Following the discovery of a mineralized carbonatite system at Pachpadra prospect region of the West Arunta project in Western Australia, shares of WA1 Resources have surged.
Meanwhile, shares of WA1 Resources closed at AU$0.70 each, up 418.52% on ASX today.
Elmo (ASX:ELO): Elmo Software Limited today (26 October) announced that K1 Investment Management, LLC will acquire all of the issued shares in ELMO by a recommended scheme of arrangement.
As per the deal, K1 will purchase 100% of the shares of ELMO for AU$4.85 in cash per share through a scheme of arrangement.
Shares of Elmo jumped 40.30% on ASX, closed trading at AU$4.63 each today on ASX.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 26October 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.93% as of 4.33 PM AEST.
In global markets
Benchmark US indices recorded significant gains on Tuesday, October 25, making it three sessions in a row that they have increased as falling Treasury yields have boosted market sentiment. In addition, with some firms posting impressive results, investors' attention is now on the third quarter profits.
The S&P 500 rose 1.63% to 3,859.11. The Dow Jones was up 1.07% to 31,836.74. The NASDAQ Composite added 2.25% to 11,199.12, and the small-cap Russell 2000 rose 2.73% to 1,796.16.
The market players are also examining some firms' gloomy earnings and forecasts, which are typically a negative stimulus for the market's performance. However, the revised outlook and disappointing earnings provided evidence that the Fed's assertive strategy was working.
In Asia, Nikkei in Japan increased by 0.86%, the Hang Seng in Hong Kong climbed 0.92%, the Asia Dow gained 1.04% and Shanghai Composite in China improved 0.88% at 4.37 PM AEDT.
In commodities markets
Crude Oil WTI was spotted trading at US$84.89/bbl while Brent Oil was at US$92.49/bbl at 4.38 PM AEDT.
Gold was at US$1659.17 an ounce, copper was at US$3.47/Lbs and iron ore was at US$94.00/T at 4.38 PM AEDT.
