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Highlights:
- The ASX 200 benchmark index closed in red today (23 August), losing 1.21% to end at 6,961.80 points.
- Over the last five days, the index has lost 2.02% and 7.05% over the last 52 weeks.
- Nine of 11 sectors ended the day in red zone.
- Consumer Staples was the worst performing sector today, losing 3.80%.
The S&P/ASX200 closed lower on Tuesday (23 August), dropping 85.10 points or 1.21% to 6,961.80 points.
Declines in consumer, banking, and industrial equities outnumbered gains in resource stocks.
The ASX 200 fell today for the fourth consecutive day.
Key pointers from ASX close today
- The ASX 200 benchmark index closed down today, losing 1.21% to end at 6,961.80 points.
- Top performing stocks were Altium Limited (ASX:ALU) and Ansell Limited (ASX:ANN), up 19.75% and 8.59% respectively.
- Bottom performing stocks in this index were Endeavour Group Ltd (ASX:EDV) and EML Payments Ltd (ASX:EML), ending 12.33% and 11.56% lower respectively.
- Over the last five days, the index has lost 2.02%, while the loss is around 7.05% over the last 52 weeks.
- Nine out of 11 sectors ended the day in red zone.
- Consumer Staples was the worst performing sector today, losing 3.80%.
- Energy was the best performing sector, gaining 1.30%.
- Volatility indicator A-VIX index was up 15.53% at 4.38 PM AEST.
- The All-ordinaries Index fell 1.21%.
Newsmakers
St George Mining (ASX:SGQ): At its Paterson project in WA's East Pilbara region, St George Mining is making progress with its first diamond drilling program.
St. George has added three more holes since the last update on July 13, bringing the total number of holes finished so far to eight.
Meanwhile, shares of St George Mining closed trading flat at AU$0.026 per share on ASX today.
Cokal (ASX:CKA): The Bumi Barito mineral coking coal mine in Indonesia is producing Cokal's (CKA) first sealable coking coal according to plan.
The property, which is owned by Cokal and the Indonesian government, is being developed quickly thanks to the arrival of more machinery from mining contractor Citarum Borneo Quantum (CBQ).
Meanwhile, shares of Cokal last exchanged hands at AU$0.22 apiece, up 2.27% on ASX today.
Image Source: © 2022 Kalkine Media ®
Data Source- Company announcement ASX dated 23 August 2022
Bond yield
Australia’s 10-year Bond Yield stands at 3.598% as of 4.43 PM AEST.
In global markets
In anticipation of the Federal Reserve's annual symposium this week in Jackson Hole, US investors continued to tread carefully and kept their distance from risky assets on Monday(August 22).
The S&P 500 fell 2.14% to 4,137.99. The Dow Jones was down 1.91% to 33,063.61. The NASDAQ Composite lost 2.55% to 12,381.57, and the small-cap Russell 2000 fell 2.13% to 1,915.74.
All 11 components of the S&P 500 index remained in red on Monday. Information technology, consumer discretionary, and healthcare were the worst hit sectors.
Ahead of this week's annual conference of central bankers, European markets also fell. Jerome Powell, the chairman of the Federal Reserve, is anticipated to use the occasion to reiterate the bank's commitment to bringing inflation down.
Investors cut down on their exposure as concerns about the possibility of a recession grew as a result of a sell-off on the bond markets. On both sides of the Pacific, yields—which move inversely to prices—rose to levels not seen in some weeks.
In Asia, the Asia Dow was down 0.57% and Nikkei in Japan fell 1.19% while the Hang Seng in Hong Kong decreased by 1.31% and Shanghai Composite in China decreased 0.12% at 4.50 PM AEST.
In Commodities markets
Crude Oil WTI was spotted trading at US$90.73/bbl while Brent Oil was at US$95.45/bbl at 4.51 PM AEST.
Gold was at US$1736.84 an ounce, copper was at US$3.66/Lbs and iron ore was at US$105.00/T at 4.52 PM AEST.
