ASX 200 closes marginally up; energy & materials lead gains

November 04, 2022 04:25 PM AEDT | By Bhawna Gupta
 ASX 200 closes marginally up; energy & materials lead gains
Image source: © Adwo | Megapixl.com

Highlights

  • The ASX 200 benchmark index closed in green today (4 November), gaining 34.60 points or 0.50% to end at 6,892.50 points.
  • Over the last five days, the index has gained 1.57%, but is down 7.42% for the last year to date.
  • Energy was the biggest gainer, advancing 3.37% followed by materials which ended 1.80% up, while healthcare falls 0.78%.

The ASX 200 benchmark index ended in green today (November 4), gaining 34.60 points or 0.50% to end at 6,892.50 points.

Key pointers from ASX close today

  • The ASX 200 benchmark index closed in green today, gaining 34.60 points or 0.50% to end at 6,892.50 points.
  • Block Inc (ASX:SQ2) and Coronado Global Resources Inc (ASX:CRN) gained the most on the index, moving ahead 10.93% and 8.61% respectively.
  • Ramelius Resources Limited (ASX:RMS) and Blackmores Ltd (ASX:BKL) fell 5.63% and 3.72% respectively.
  • Over the last five days, the index has gained 1.57%, but is down 7.42% for the last year to date.
  • Five out of 11 sectors closed in green today.
  • Energy was the biggest gainer, advancing 3.37% followed by materials which ended 1.80% up, while healthcare falls 0.78%.
  • The All-Ordinaries Index gained 0.55%.

Newsmakers

Sunshine Gold (ASX:SHN): In Queensland's Ravenswood West Project, Sunshine Gold has started aircore drilling at the Elphinstone Creek discovery, the company informed via an ASX filing.

A total of 67 holes have been scheduled to evaluate the prospect's rare earth element potential and test an intrusion that was found to be rare earth enriched by soil and stream sediment analysis.

Meanwhile, shares of Sunshine Gold closed trading at AU$0.022 each, up 4.76% on ASX today.

Navarre Minerals (ASX:NML): At its Mt. Carlton operation in north Queensland, Navarre Minerals has discovered additional high-grade gold, silver, and copper mineralisation, according to an ASX filing.

Reverse circulation (RC) and diamond drilling were employed by the corporation to expand the boundaries of the gold, silver, and copper mineralized systems.

Meanwhile, shares of Navarre Minerals closed trading at AU$0.044 each, up 2.33% on ASX today.

Image source: © 2022 Kalkine Media® 
Data source- ASX website dated 4 November 2022

Bond yield

Australia’s 10-year Bond Yield stands at 3.84% as of 4.06 PM AEDT.

Global markets

The Australian dollar dropped below 63 US cents overnight as dollar got stronger.

The S&P 500 fell 1.06% to 3,719.89. The Dow Jones was down 0.46% to 32,001.25. The NASDAQ Composite lost 1.73% to 10,342.94, and the small-cap Russell 2000 decreased 0.53% to 1,779.73.

In Asia, the Asia Dow gained 0.23%, the Hang Seng in Hong Kong climbed 7.21%, Shanghai Composite in China increased by 2.67% while Nikkei in Japan lost 1.86% at 4.06 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$89.56/bbl while Brent Oil was at US$95.97/bbl at 4.07 PM AEDT.

Gold was at US$1646.59 an ounce, copper was at US$3.52/Lbs and iron ore was at US$85.00/T at 4.07 PM AEDT.


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