ASX 200 closes sharply higher; energy closes 3.75% strong

3 min read | October 14, 2022 04:36 PM AEDT | By Bhawna Gupta

Highlights

  • The ASX 200 benchmark index closed up today, gaining 116.20 points or 1.75% to end at 6,758.80 points.
  • Over the last five days, the index is virtually unchanged, but is down 9.21% for the last year to date.
  • Energy was the biggest gainer, advancing 3.75% followed by utilities which ended 3.62% up.

The S&P/ASX200 closed the week (14 October) on higher note, gaining 116.20 points or 1.75% to end at 6,758.80 points.

Key pointers from ASX close today

  • The ASX 200 benchmark index closed up today, gaining 116.20 points or 1.75% to end at 6,758.80 points.
  • Virgin Money UK (ASX:VUK) and Domino's Pizza Enterprises Ltd (ASX:DMP), gained the most on the index, closing 9.52% and 7.60% strong respectively.
  • On the benchmark index, Pilbara Minerals Ltd (ASX:PLS) and Harvey Norman Holdings Limited (ASX:HVN), marked the most losses, ending 5.06% and 3.86% lower respectively.
  • Over the last five days, the index is virtually unchanged, but is down 9.21% for the last year to date.
  • All 11 sectors closed higher today.
  • Energy was the biggest gainer, advancing 3.75% followed by utilities which ended 3.62% up.
  • The All-ordinaries Index gained 1.67%.

Newsmakers

Basin Energy (ASX:BSN): Following the identification of fresh uranium targets at its Geikie property in Canada, Basin Energy (BSN) is preparing a "aggressive" exploration programme.

In order to understand the project region, the company first used historical data, and it claimed to have identified two significant north-south features with clear concurrent magnetic and topographic patterns.

Meanwhile, shares of Basin Energy closed flat at AU$0.18 each on ASX today.

Telix Pharmaceuticals (ASX:TLX): Health Canada has given Telix Pharmaceuticals (TLX) the go-ahead to use its signature imaging agent, Illuccix, for imaging prostate cancer.

Illuccix, also known as a kit for making gallium gozetotide injections, is intended to be used in conjunction with PSMA (or imaging prostate-specific membrane antigen using a PET scan).

Meanwhile, shares of Telix closed at AU$5.41per share, up 1.12% on ASX today.

Image Source: © 2022 Kalkine Media ® 
Data Source- ASX website dated 14 October 2022

Bond yield

Australia’s 10-year Bond Yield stands at 4.01% as of 4.19 PM AEDT.

In global markets

Benchmark US indexes ended the day on Thursday, 13 October, with gains. Market participants appeared to be betting on the equities' depressed prices after stronger-than-expected inflation data solidified wagers against additional aggressive Federal Reserve policies.

Early on Thursday, the market experienced a steep dip as the Labor Department's consumer price index (CPI) statistics revealed that inflation increased at an annual rate of 8.2% last month.

After rising by 6.3% the month before, the core CPI—which excludes volatile food and gasoline prices—rose 6.6% in September.

The S&P 500 rose 2.60% to 3,669.91. The Dow Jones was up 2.83% to 30,038.72. The NASDAQ Composite added 2.23% to 10,649.15, and the small-cap Russell 2000 rose 2.41% to 1,728.41.

In Asia, the Asia Dow was 1.04% up, Nikkei in Japan increased by 3.29% while Shanghai Composite in China gained 1.94% and the Hang Seng in Hong Kong jumped 3.58% at 4.22 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$89.19/bbl while Brent Oil was at US$94.61/bbl at 4.23 PM AEDT.

Gold was at US$1667.54 an ounce, copper was at US$3.511/lbs and iron ore was at US$96.50/T at 4.23 PM AEDT.


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