ASX 200 opens flat; Nanosonics up over 9%

November 18, 2022 10:49 AM AEDT | By Ashish

ASX 200 opens flat; Nanosonics up over 9% — Image source: © Herrbullermann | Megapixl.com

Highlights

Australian shares opened flat on Friday.

The ASX 200 gained marginally in opening trade, rising 2.60 points, or 0.036%, to 7,138.30.

On Thursday, the benchmark index closed 0.2% higher at 7,135.7 points.

Australian shares opened flat on Friday after Wall Street closed lower in overnight trade as a key US Federal Reserve policymaker revised his forecast for interest rate peaks.

The ASX 200 gained marginally in opening trade, rising by 2.60 points, or 0.036%, to 7,138.30. On Thursday, the benchmark index closed 0.2% higher at 7,135.7 points.

While the All-Ordinaries index rose 0.035% to 7,341.6, the volatility index fell 1.737% to 15.27. After the first 10 minutes of trade, the ASX 200 traded at 7,144, up 8.30 points, or 0.12%.

On Wall Street, the Dow Jones fell 0.022%, the S&P 500 dropped 0.31%, and the NASDAQ ended 0.35% lower. In Europe, the Stoxx 50 fell 0.1%, the FTSE dropped 0.1%, the CAC dipped 0.5%, and the DAX ended 0.2% higher. MSCI's gauge of stocks across the globe shed 0.91%.

Market action

After half an hour, the benchmark index ASX 200 was trading higher by 0.16%, or 11.60 points, at 7,146.80.

Nanosonics, Graincorp and Fischer & Paykell were the top gainers, gaining 9.2%, 4.4% and 4.3%, respectively. On the other hand, Coronado, Washington H Soul Pattinson and Lynas Industries fell the most, down 8.5%, 3.1% and 2.4%, respectively.

Newsmakers

Nanosonics said that its sales were up 36% on a constant-currency basis for the financial year ending 31 October 2022.
OZ Minerals' board has accepted a new AU$28.25 improved takeover bid from BHP.
Lovisa announced its same store sales grew 16.1% over the first seven weeks of the financial year 2023.
Fonterra has sold its Soprole Chile business for NZ$1.05 billion.

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