ASX 200 ends up; Materials leads gains, IT ends in red

November 06, 2022 09:42 PM PST | By Khushboo Joshi

ASX 200 ends up; Materials leads gains, IT ends in red — Image source: © Ymgerman | Megapixl.com

Key pointers from the ASX close today

The ASX 200 benchmark index closed in the green zone on Monday at 6,933.70 points.
Under the index, Capricorn Metals Ltd (ASX:CMM) and Ramelius Resources Limited (ASX:RMS) closed 9.43% and 7.28% higher respectively.
Coronado Global Resources (ASX:CRN) and WiseTech Limited (ASX:WTC) ended 6.608% and 5.694% lower respectively.
In last five trading sessions, ASX 200 has gained 1.02% but is down 6.86% for the last year-to-date.
Meanwhile, the Materials sector ended 3.52% strong, followed by the Energy sector that closed 1.17% higher.
Information Technology ended 2.24% lower, Financial sector closed 1.47% weak.
Utilities ended 0.75% up. Consumer Staples advanced 61%, while Consumer Discretionary gained 0.61%..

Newsmakers

Arafura Rare Earths Ltd (ASX:ARU) – The materials firm on Monday, announced that it has entered its first binding offtake deal with Hyundai Motor Company and Kia Corporation. The company’s shares closed 13.114% higher at AU$0.345 apiece today.

Novatti Group Limited (ASX:NOV) – The fintech firm declared on Monday that its banking unit International Bank of Australia Pty Limited (IBOA) has received a restricted authorised deposit-taking institution (RADI) licence by the APRA. The shares of the company closed 43.243% strong at AU$0.265 apiece today.

Medibank Private Limited (ASX:MPL) – Medibank, on 7 November 2022, released an update on what customer information has been accessed by the hacker after the data breach incident in October. MPL shares ended 0.354% up today.

Coronado Global Resources Inc. (ASX:CRN) – The materials firm, on Monday (7 November 2022), shared that talks with Peabody Energy Corporation about a potential merger have ceased mutually. This is the second time in a year that the company did not proceed with the merger. The shares of the company ended 7.048% lower today.

Bond yields

Australia 10-year bond yield stands at 3.919% at 3:52 PM AEDT today.,(7 November 2022).

In global markets:

Stocks on Wall Street closed higher on Friday (04 November 2022). The S&P 500 finished 1.36% up at 3,770.55 points. The Nasdaq Composite gained 1.28% to end at 10,475.25 points. The Dow Jones Industrial Average closed 1.26% up at 32,403.22 points on Friday.

In Commodities markets:

Crude Oil WTI was spotted at US$91.40/bbl at 3:57 PM AEDT. Brent oil was at US$97.53/bbl at 3:58 PM AEDT. Gold futures for December contract was at US$1,675.65 an ounce at 3:57 PM AEDT today (07 November 2022).

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