ASX 200 opens lower; Origin Energy jumps nearly 33%

November 10, 2022 10:41 AM AEDT | By Ashish

ASX 200 opens lower; Origin Energy jumps nearly 33% — Image source: © Herrbullermann | Megapixl.com

Highlights

Australian shares opened lower on Thursday.

The ASX 200 dipped in opening trade, falling 13.30 points, or 0.19%, to 6,986.

On Wednesday, the benchmark index ended 0.6% higher at 6,999.3 points.

Australian shares opened lower on Thursday after Wall Street fell in overnight trade, tracking uncertainty around the US midterm elections and anxiousness ahead of the October CPI data.

The ASX 200 dipped in opening trade, falling 13.30 points, or 0.19%, to 6,986. On Wednesday, the benchmark index ended 0.6% higher at 6,999.3 points.

While the All-Ordinaries index fell 0.224% to 7,171.3, the volatility index rose 2.084% to 16.163. After the first 10 minutes of trade, the ASX 200 was trading at 6,968.30, down 31 points, or 0.44%.

On Wall Street, the Dow Jones fell 1.95%, the S&P 500 dipped 2.08%, and the NASDAQ ended 2.48% lower.

In Europe, the Stoxx 50 fell 0.3%, the FTSE dipped 0.1%, the CAC dropped 0.2%, and the DAX fell 0.2%.

MSCI's all-country world index fell 1.41%.

Market action

After half an hour, the ASX 200 benchmark index was trading down 0.53%, or 37.20 points, to 6,962.10. Energy and materials traded lower, falling 1.8% and 1.7%, respectively.

Data Source: ASX (as of 10 November 2022, 10.30 AM AEST)

Newsmakers

Perpetual has rejected a revised bid from Regal and BEPA.
The a2 Milk Company has appointed Chopin Zhang as chief supply chain officer.
Computershare upgraded earnings per share growth guidance for the financial year 2023 to around 90%.
Brendan Harris has been appointed CEO and managing director of Sandfire Resources.

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