AUS
NZ
UK
CA
USA
IND
Highlights:
- The Australian share market opened on a positive note today as the benchmark index ASX200 gained 0.49% to 7,127.60 points at 10:25 AM AEST
- The energy sector performed considerably well today with the S&P/ASX 200 Energy Index (ASX:XEJ) rising 2.015%
- The ASX All Ordinaries Gold Index (ASX:XGD) was up 0.545% at 6155.800 points.
Despite weak handover from the Wall Street, the Australian share market opened higher on Tuesday. In Tuesday's early morning trading hours, the benchmark index ASX200 was up 0.49% at 7,127.60 points at 10:25 AM AEST. At the time of writing, seven of 11 sectors were trading in the green territory, while the energy sector remained the top-performing sector as it was up 2.015% at 10200.500 points.
The S&P/ASX 200 Materials (Sector) was also one of the top performing sectors and was up 0.774%.
In today's intraday trading session, the gains made by the materials and energy sectors were offset by losses posted by the technology and healthcare sector.
Meanwhile, the ASX All Ordinaries Gold Index (ASX:XGD) was up 0.545% at 6155.800 points.
On Monday, the benchmark index gained 0.25% to 7,093 points. Investors'' will keep a close look at this week's upcoming events, including the latest RBA's minutes on Tuesday, along with wage-price data on Wednesday and the labour force report for April on Thursday.
Yesterday, the Dow Jones Industrial Average closed 0.083% higher at 32,223.42 points, while the S&P 500 fell 0.39% to 4,008.01 and the NASDAQ Composite ended the session 1.20% lower at 11,662.79 points.
Coming to the top ASX 200 gainers, BlueScope Steel Limited (ASX:BSL), Mineral Resources Limited (ASX:MIN), and Nufarm Ltd. (ASX:NUF) led the pack with 4.553%, 4.525%, and 3.709% gains, respectively. On the flip side, Brambles Limited (ASX:BXB) and Life360 (ASX:360) were the top losers, falling 6.380% and 3.306%, respectively.
The energy sector performed considerably well today as the S&P/ASX 200 Energy Index (ASX:XEJ) was up 2.015% at 10200.500 points.
This rise can also be attributed to the increase in oil prices as the European Union (EU) moved closer to imposing a ban on the import of Russian crude. Investors see probable signs of demand recovery in the offing as there are indications that the pandemic situation was receding in the worst-hit areas of China.
Newsmakers:
Brambles Limited (ASX:BXB):
Brambles shares declined over 7% at AU$10.755 a piece on Tuesday after the supply-chain logistics company confirmed today that talks on a takeover proposal by CVC Capital Partners (CVC) have ended due to current "external market volatility".
Pilbara Minerals Limited (ASX:PLS)
Pilbara Minerals shares rose almost 2% today after the Lithium company revealed via an ASX announcement that Pilbara Minerals, with its project partner Calix, has secured a $20 million grant from the Morrison Government under the Modern Manufacturing Initiative.
A2 Milk Company Limited (ASX:A2M)
The share price of A2 Milk Company Limited remained on investors' radar on Tuesday after the company appointed David Muscat as its new CFO.
James Hardie Industries Plc (ASX:JHX)
Today, the share price of James Hardie Industries Plc traded in red in the early morning trading hours after the company announced its results for the fourth quarter and year ended 31 March 2022. The company has reaffirmed its guidance and declared a second-half dividend of US$0.30 cents per share.
