ASX 200 opens flat; Aristocrat falls nearly 6%

November 15, 2022 11:35 PM GMT | By Ashish
 ASX 200 opens flat; Aristocrat falls nearly 6%
Image source: © Herrbullermann | Megapixl.com

Highlights

  • Australian shares opened marginally higher on Wednesday.

  • On Tuesday, the benchmark ASX 200 index closed 4.7 points lower at 7,141.6 points.

  • While the All-Ordinaries index was flat at 7,345.4, the volatility index fell 2.747% to 15.752.

Australian shares opened marginally higher on Wednesday after Wall Street closed higher in overnight trade. The ASX 200 rose in opening trade, surging 0.70 points, or 0.011%, to 7,142.30. On Tuesday, the benchmark ASX 200 index closed 4.7 points lower at 7,141.6 points.

While the All-Ordinaries index was flat at 7,345.4, the volatility index fell 2.747% to 15.752. After the first 10 minutes of trade, the ASX 200 fell slightly and was trading down to 7,118.80, down 22.80 points, or 0.32%.

On Wall Street, the Dow Jones rose 0.17%, the S&P 500 rose 0.87%, and the NASDAQ ended 1.45% higher.

In Europe, the Stoxx 50 rose 0.7%, the FTSE fell 0.2%, the CAC gained 0.5%, and the DAX ended 0.5% higher.

MSCI's gauge of stocks across the globe gained 1.19%, while its emerging markets index rose 2.20%.

Market action

After half an hour, the benchmark index ASX 200 was trading down 0.28%, or 20.20 points, to 7,121.40. Consumer discretionary and financials shares lead the losses.

Whitehaven, Nufarm and New Hope were the top gainers, gaining 4.9%, 4.6% and 3.3%, respectively. On the other hand, Aristocrat, De Grey and United Malt fell the most, down 5.7%. 4.2% and 3.3%, respectively.

Newsmakers

  • Nufarm posted a 24% rise in full-year earnings to AU$447 million.
  • Medibank said rejecting the ransom demand issued by the hacker “was the right thing to do”.
  • GrainCorp’s earnings more than doubled for the full-year 2022 to AU$703 million from a year ago.
  • Sezzle’s revenue rose by 18% in October on the prior year to AU$US11.5 million.

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