ASX 200 opens higher; IT, Consumer Discretionary lead gains

November 08, 2022 11:14 AM AEDT | By Khushboo Joshi

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ASX 200 opens higher; IT, Consumer Discretionary lead gains — Image source: © Ymgerman | Megapixl.com

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Highlights

The benchmark index S&P/ASX 200 was 0.21% up at 6,948 points at 10:40 AM AEDT on Tuesday (8 November).

Six out of eleven sectors opened in green.

Information technology and Consumer Discretionary sectors were up, while A-REIT was marking losses.

Australian equity benchmark S&P/ASX 200 opened higher today (8 November), gaining 14.70 points or 0.21% to 6,948.40 as of 10:40 AM AEDT. The Australian stock market was most probably tracking the US equities that marked gains on Monday (7 November).

Key pointers from the ASX market open today:

The benchmark S&P/ASX 200 was 0.21% higher at 6,948.40 points at 10:40 AM AEDT.
Liontown Resources Limited (ASX:LTR) and Pilbara Minerals Limited (ASX:PLS) were 3.93% and 3.85% up
Sims Limited (ASX:SGM) and James Hardie Industries PLC (ASX:JHX) were 12.979% and 11.591% down respectively around the same time.
Over the last five days, the index has went down 0.41%, and has lost 6.76% over the last 52 weeks.
Six out of eleven sectors were higher.
Information Technology was 0.83% up while Consumer Discretionary advanced 0.75%..
Financial and Energy were 0.53% and 0.43% higher.
A-REIT and Industrials sectors were 0.65% and 0.48% lower respectively.
Materials was 0.25% higher and Consumer Staples was 0.24% higher at the same time.
A-VIX was 1.46% lower, All Ords was 0.18% up.

Global equity Indices

Equities in the US markets closed on a positive note on Monday (7 November). The Dow Jones Industrial Average finished 1.31% higher. The S&P 500 gained 0.96% and the Nasdaq Composite index finished 0.85% up on Monday.

Commodities

Gold futures for December were quoted at US$1,675.80 as of 11:02 AM AEDT, 8 November 2022.

As of 8 November 2022, 11:03 AM AEDT, Crude Oil WTI was quoted at US$91.95/bbl and Brent Oil, around the same time, was at US$97.94/bbl.

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