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Highlights
- The ASX 200 benchmark index closed up today (24 October), gaining 102.60 points or 1.54% to end at 6,779.40 points.
- Over the last five days, the index has gained 1.73%, but is down 8.94% for the last year to date.
- Materials was the biggest gainer, advancing 2.51% followed by IT which ended 2.25% up.
The S&P/ASX200 closed on a higher note today (24 October), gaining 102.60 points or 1.54% to end at 6,779.40 points.
Key pointers from ASX close today
- The ASX 200 benchmark index closed up today, gaining 102.60 points or 1.54% to end at 6,779.40 points.
- Novonix Limited (ASX:NVX) and Evolution Mining Ltd (ASX:EVN) gained the most on the index, moving ahead 33.48% and 7.73%
- New Hope Corporation Limited (ASX:NHC) and South32 Limited (ASX:S32) fell 4.31% and 1.88%
- Over the last five days, the index has gained 1.73%, but is down 8.94% for the last year to date.
- All 11 sectors closed in green today.
- Materials was the biggest gainer, advancing 2.51% followed by IT which ended 2.25% up.
- The All-Ordinaries Index gained 1.58%.
Newsmakers
Flexiroam (ASX:FRX): Following the signing of a one-year agreement with Emirates, Flexiroam (FRX) SIM cards will be offered for sale on 100 Emirates flights.
According to the deal, Flexiroam's SIM cards and data bundles will be made available as an in-flight retail product on the first 100 aircraft, with the potential to grow to 180 aircraft. This is expected to bring in AU$150,000 in income.
Meanwhile, shares of Flexiroam closed at AU$0.043 each, up 10.26% on ASX today.
Hammer Metals (ASX:HMX): Hammer Metals has increased the mineralisation at Ajax East in Queensland to a distance of more than a kilometre.
In its Mt Isa project, the company recently finished follow-up drilling at the Ajax and Ajax East prospects.
Meanwhile, shares of Hammer Metals closed at AU$0.058 each, up 11.54% on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 24 October 2022
Bond yield
Australia’s 10-year Bond Yield stands at 4.15% as of 5.04 PM AEST.
In global markets
All three major indices recorded significant weekly increases on Friday(October 21).
The S&P 500 rose 2.37% to 3,752.75. The Dow Jones was up 2.47% to 31,082.56. The NASDAQ Composite rose 2.31% to 10,859.72, and the small-cap Russell 2000 rose 2.22% to 1,742.24.
A number of uncertainties have recently been looming over the market, which has resulted in recent stock market volatility. However, the third quarter earnings have so far exceeded initial expectations, boosting market participants' spirits.
In Asia, the Asia Dow was 1.75% down, the Hang Seng in Hong Kong decreased by 6.38% and Shanghai Composite in China fell 1.86% while Nikkei in Japan climbed 0.50% at 5.08 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$84.05/bbl while Brent Oil was at US$92.61/bbl at 5.09 PM AEST.
Gold was at US$1654.81 an ounce, copper was at US$3.49/Lbs and iron ore was at US$94.50/T at 5.09 PM AEST.
