ASX 200 extends gains amid broad-based buying; utilities, energy outperform

4 min read | August 01, 2022 04:36 PM AEST | By Bhawna Gupta

ASX 200 extends gains amid broad-based buying; utilities, energy outperform — Image source: © Alfexe | Megapixl.com

Key pointers from ASX close today

The ASX 200 benchmark index closed higher on Monday, up 0.69% to end at 6,993.00 points.
Top performing stocks featured Allkem Limited (ASX:AKE) and Lynas Rare Earths Limited (ASX:LYC), up 4.52% and 4.48% respectively.
Bottom performing stocks in this index were United Malt Group Ltd (ASX:UMG) and Megaport Ltd (ASX:MP1), ending 17.17% and 14.45% lower respectively.
In last five trading sessions, the benchmark index has gained 2.99%, but is down 6.07% on year-to-date basis.
Most of the sectors ended with gains as eight out of 11 ASX sectors ended the day in green zone.
Utilities was the best performing sector today, gaining 1.95%. The sector has gained 2.12% in last five trading days.
Energy followed the utilities sector as it gained 1.94% today.
IT was the worst performing sector today, down 0.42%.
Volatility indicator A-VIX index was down 4.48% today at 4.03 PM AEST.
The All-ordinaries Index followed the broader market trend gaining 0.55%.

Newsmakers

Splitit Payments Limited (ASX:SPT): BNPL company Splitit Payments Limited has signed a modification to its contract for a US$150 million receivables funding facility with Goldman Sachs Bank USA, the company informed today via an ASX filing.

Meanwhile, Shares of Splitit closed trading at AU$0.24 each, down 3.92% on ASX today.

Aussie Broadband Limited (ASX:ABB): Telecommunications services and products provider Aussie Broadband Limited shared trading update for the fourth quarter of FY 2022. The company informed that its broadband services saw a rise of 7% during the quarter.

Meanwhile, Aussie Broadband's shares ended almost 17% lower today at AU$3.03 apiece on ASX.

Ava Risk Group (ASX:AVA): Ava Risk Group (AVA), a firm that manages security risks, has paid £4.5 million (AU$7.82 million) to buy MTD Holdings, the parent company of GJD Manufacturing.

GJD is a UK-based designer and manufacturer of security equipment with a focus on intruder detection systems.

Meanwhile, AVA shares last exchanged hands at AU$0.26 per share on ASX today.

Image Source: © Burgstedt | Megapixl.com

Bond yields

Australia’s 10-year Bond Yield stands at 3.14% as of 4.14 PM AEST.

In global markets

The S&P 500 index had its best performing month in about two years on Friday (July 29) as Wall Street benchmarks closed the final trading day of the month on a positive note.

The S&P 500 rose 1.42% to 4,130.29 points. The Dow Jones was up 0.97% to 32,845.13. The NASDAQ Composite added 1.88% to 12,390.69, and the small-cap Russell 2000 rose 0.65% to 1,885.23.

Strong profits from major corporations such as Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and others boosted market confidence and suggested that the major corporations had managed to avoid market uncertainty in the most recent quarter.

While the 10-year bond yields decreased by 0.94% to 2.656, the 30-year Treasury bond yields decreased by 0.78% to 3.015.

To US$105.690, the US Dollar Futures Index fell by 0.51%.

In Asia, the Asia Dow picked 0.15% and the Hang Seng in Hong Kong rose 0.19%, while Nikkei in Japan and Shanghai Composite in China, increased by 0.69% and 0.23% respectively at 4.24 PM AEST.

In Commodities markets

Crude Oil WTI was spotted trading at US$97.36/bbl while Brent Oil was at US$103.42/bbl at 4.26 PM AEST.

Gold was at US$1765.83 an ounce, copper was at US$3.567/Lbs and iron ore was at US$117.50/T at 4.27 PM AEST.

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