AUS
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Highlights:
- The ASX 200 benchmark index closed up today, gaining 1.02% to end at 6,964.50 points.
- Over the last five days, the index has gained 1.64%, but is down 6.45% for the last year to date.
- Materials was the best performing sector, gaining 2.16%.
- Healthcare was the worst performing sector today, losing 0.26%.
The S&P/ASX200 closed higher on Monday (12 September), gaining 70.30 points or 1.02% to end at 6,964.50 points.
ASX closed strong tracking the Wall Street and the commodity markets that posted considerable gains on Friday (9 September 2022).
Key pointers from ASX close today
- The ASX 200 benchmark index closed up today, gaining 1.02% to end at 6,964.50 points.
- Top performing stocks were Nickel Industries Ltd (ASX:NIC) and Mesoblast limited (ASX:MSB), up 6.70% and 5.81% respectively.
- Bottom performing stocks in this index were Tyro Payments Limited (ASX:TYR) and Imugene Limited (ASX:IMU), ending 5.09% and 4.26% lower respectively.
- Over the last five days, the index has gained 1.64%, but is down 6.45% for the last year to date.
- 10 out of 11 sectors ended the day in green zone.
- Materials was the best performing sector, gaining 2.16%.
- Healthcare was the worst performing sector today, losing 0.26%.
- Volatility indicator A-VIX index was up 9.92% at 4.17 PM AEST.
- The All-ordinaries Index gained 0.97%.
Newsmakers
Lithium Energy (ASX:LEL): Lithium Energy has started drilling at Solaroz lithium brine project, a highly prospective flagship project, in Argentina.
The first of a 10-hole diamond and rotary hole drilling program has started at borehole OZDH001 inside the Mario Angel concession.
Meanwhile, shares of Lithium Energy closed at AU$1.20 per share, up 4.35% on ASX today.
Liontown Resources (ASX:LTR): Through a letter of award, Liontown Resources has contracted Zenith Energy to provide electricity for its Kathleen Valley lithium project utilising a hybrid power plant.
In accordance with the agreement's provisions, Zenith will fund, design, build, own, operate, and maintain a 95-megawatt hybrid power plant for a period starting 15 years after it is put into service.
Shares of Liontown Resources closed at AU$1.75 per share, down 3.05% on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 12 September 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.65% as of 4.47 PM AEST.
In global markets
The upbeat momentum in the technology companies helped the benchmark US indexes end last week on a positive note on Friday, 09 September, after posting losses for three consecutive weeks.
Market participants are currently looking forward to this week's CPI data release for clues about how the Federal Reserve will go forward with its monetary policy goals. On the other hand, comments from regulators confirmed bets that the central bank may lean towards a swift increase at its meeting on September 20-21.
The S&P 500 rose 1.53% to 4,067.36. The Dow Jones was up 1.19% to 32,151.71. The NASDAQ Composite added 2.11% to 12,112.31, and the small-cap Russell 2000 rose 1.95% to 1,882.85.
In Asia, Nikkei in Japan jumped 1.16%, the Asia Dow gained 0.37% while the Hang Seng in Hong Kong increased by 2.69% and Shanghai Composite in China advanced 0.83% at 4.57 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$86.15/bbl while Brent Oil was at US$92.35/bbl at 4.46 PM AEST today.
Gold was at US$1717.82 an ounce, copper was at US$3.569/Lbs and iron ore was at US$104.50/T at 4.47 PM AEST on 12 September 2022.
