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Highlights
- The ASX 200 benchmark index closed down today (20 October), losing 69.40 points or 1.02% to end at 6,730.70 points.
- Over the last five days, the index has gained 1.33%, but is down 9.59% for the last year to date.
- IT and materials were the biggest loser, closing 3.76% and 2.43% respectively.
The S&P/ASX200 closed lower on Thursday (20 October), losing 69.40 points or 1.02% to end at 6,730.70 points.
Key pointers from ASX close today
- The ASX 200 benchmark index closed down today, losing 69.40 points or 1.02% to end at 6,730.70 points.
- Novonix Limited (ASX:NVX) and Adbri Limited (ASX:ABC) gained the most on the index, closing 7.04% and 6.76% up respectively.
- On the benchmark index, Sandfire Resources Ltd (ASX:SFR) and Megaport Ltd (ASX:MP1), marked most of the losses, ending 13.23% and 11.80% lower respectively.
- Over the last five days, the index has gained 1.33%, but is down 9.59% for the last year to date.
- 9 out of 11 sectors closed in the red.
- IT and materials were the biggest loser, closing 3.76% and 2.43% respectively..
- Volatility indicator A-VIX index was up 0.85% at 4.13 PM AEDT.
- The All-ordinaries Index fell 1.16%.
Newsmakers
Zip Co (ASX:ZIP): For the three months ending September 30, Zip Co reported an increase in group revenue of 19% year-on-year (YoY).
The fintech stock had a 15% YoY growth in transaction volumes to AU$2.2 billion, which contributed to the quarter's AU$163.2 million in revenue.
Meanwhile, shares of Zip Co closed trading at AU$0.65 each, up 1.56% on ASX today.
RooLife (ASX:RLG): RooLife, an ecommerce firm, has introduced a food, health, and wellness brand called VORA.
VORA was started due to the demand generated by RooLife's sales and digital marketing systems in Australia and China.
Meanwhile, shares of Roolife Group closed trading flat at AU$0.014 per share on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 20 October 2022
Bond yield
Australia’s 10-year Bond Yield stands at 4.08% as of 4.24 PM AEDT.
In global markets
On Wednesday(October 19) Wall Street indices ended their two-day gain as investors evaluated the mixed earnings from the major corporations while concentrating on their cautious outlook.
Concerns about a future recession have increased as a result of the Federal Reserve's continuous battle against inflation that has remained stubbornly high. Investors believe that the central bank's actions could push the economy in recession, despite the fact that several companies that have already reported their most recent quarter earnings demonstrated resilience in the face of decades-high inflation and rising policy rates.
The S&P 500 fell 0.67% to 3,695.16. The Dow Jones was down 0.33% to 30,423.81. The NASDAQ Composite lost 0.85% to 10,680.51, and the small-cap Russell 2000 fell 1.72% to 1,725.76.
In Asia, the Asia Dow was 0.85% down, Nikkei in Japan decreased by 1.02%, the Hang Seng in Hong Kong fell 1.13% while Shanghai Composite in China gained 0.44% at 4.27 PM AEDT.
In commodities markets
Crude Oil WTI was spotted trading at US$86.56/bbl while Brent Oil was at US$93.22/bbl at 4.28 PM AEDT.
Gold was at US$1633.46 an ounce, copper was at US$3.38/lbs and iron ore was at US$96.00/T at 4.28 PM AEDT.
