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Highlights
- The ASX 200 benchmark index closed up today (8 September), gaining 1.77% to end the day at 6,848.70 points.
- Over the last five days, the index is virtually unchanged, but is down 8.00% for the last year to date.
- IT was the best performing sector, gaining 3.19%.
- Energy was the worst performing sector today, losing 2.76%.
The S&P/ASX200 closed higher on Thursday (08 September), gaining 119.40 points or 1.77% to end at 6,848.70 points.
After the Reserve Bank of Australia indicated at a delay in rate hikes, the stock market recovered all of yesterday's big loss.
Key pointers from ASX close today
- The ASX 200 benchmark index closed up today, gaining 1.77% to 6,848.70 point.
- Top performing stocks were Tyro Payments Limited (ASX:TYR) and Life360 Inc (ASX:360), up 27.92% and 16.36% respectively.
- Bottom performing stocks in this index were Woodside Energy Ltd (ASX:WDS) and Perpetual Limited (ASX:PPT), ending 5.51% and 2.47% lower respectively.
- Over the last five days, the index is virtually unchanged, but is down 8.00% for the last year to date.
- 10 out of 11 sectors ended the day in green zone.
- IT was the best performing sector, gaining 3.19%.
- Energy was the worst performing sector today, losing 2.76%.
- Volatility indicator A-VIX index was down 8.44% at 4.24 PM AEST.
- The All-ordinaries Index gained 1.81%.
Newsmakers
Investigator Resources (ASX:IVR): Investigator Resources has discovered rare earth element (REE) mineralisation at the Apollo prospect in South Australia.
Earlier this year, the company succeeded in completing a 54-hole reverse circulation (RC) drilling program at a variety of prospects near the Paris project.
Shares of Investigator Resources ended in green today to close at AU$0.046 apiece, up 12.20% on ASX today (8 September).
Bellavista Resources (ASX:BVR): The mineralisation at Bellavista Resources' Brumby project in Western Australia has been extended.
The zinc-silver-copper project, which is located 130 kilometers southwest of Newman, is one of the Edmund Basin projects of Bellavista.
Meanwhile, shares of Bellavista Resources closed at AU$0.23 each, down 6.88% on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 08 September 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.56% as of 4.47 PM AEST.
In global markets
On Wednesday (September 7), Wall Street indices reversed direction to end in positive territory, as investors shrugged off concerns about the global economy and central bank rate hike.
Richmond Fed President Thomas Barkin stated that the central bank should continue to boost interest rates to levels that impede economic activity. He also stated that authorities should maintain higher interest rates until it is proved that inflation is decreasing.
Menawhile, the focus switches to the US Consumer Price Index (CPI) data, scheduled to be out next week. The CPI report, a measure of inflation, would set the stage for the central bank's future monetary decisions.
The S&P 500 rose 1.83% to 3,979.87. The Dow Jones was up 1.40% to 31,581.28. The NASDAQ Composite added 2.14% to 11,791.90, and the small-cap Russell 2000 rose 2.21% to 1,832.00.
In Asia, Nikkei in Japan jumped 2.31% while the Asia Dow fell 1.48%, the Hang Seng in Hong Kong decreased by 0.82% and Shanghai Composite in China dropped by 0.28% at 4.47 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$82.25/bbl while Brent Oil was at US$88.49/bbl at 4.50 PM AEST.
Gold was at US$1719.02 an ounce, copper was at US$3.463/Lbs and iron ore was at US$98.50/T at 4.51 PM AEST.
