AUS
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Highlights
- The ASX 200 benchmark index closed higher on Tuesday (2 August), up 0.073% to end at 6,998.10 points.
- Most of the gains came after the highly anticipated announcement that the central bank has increased the cash rate objective to 1.85%.
- Top performing stocks featured Zip Co and A2 Milk Company.
Australian share market closed on a positive note today (August 2) with the benchmark S&P/ASX 200 gaining 0.073% or just 5.10 points to end at 6,998.10 points. ASX200 gained for a sixth session after the central bank decided to hike its key rate by 50 basis points.
The ASX200 opened in red territory today and most of the gains came after the highly anticipated announcement at 2.30 pm AEST that Reserve Bank has increased the cash rate objective to 1.85%.
Key pointers from ASX close today
- The ASX 200 benchmark index closed higher today, up 0.073% to end at 6,998.10 points.
- Top performing stocks featured Zip Co Limited (ASX:ZIP) and A2 Milk Company Limited (ASX:A2M), up 15.09% and 7.93% respectively.
- Bottom performing stocks in this index were Appen Limited (ASX:APX) and United Malt Group Ltd (ASX:UMG), ending 27.32% and 6.25% lower respectively.
- In last five trading sessions, the benchmark index has gained 2.80%, but is down 6.00% on year-to-date basis.
- Most of the sectors ended with gains as eight out of 11 ASX sectors ended the day in green zone.
- Consumer Discretionary was the best performing sector today, gaining 1.46%. The sector has gained 3.18% in last five trading days.
- A-REIT was the worst performing sector today, down 1.60%.
- Volatility indicator A-VIX index was up 13.17% at 5.35 PM AEST.
- The All-ordinaries Index followed the broader market trend gaining 0.047%.
Newsmakers
Centuria Office REIT (ASX:COF): Centuria Office REIT's share price plunged on ASX today as a result of the company's lowered earnings guidance for the fiscal year 2023.
Although the employment rate increased during FY22, according to Grant Nichols, fund manager and Centuria COF, higher interest rates have had an impact on the FY23 FFO (funds from operations) estimate.
Meanwhile, Shares of Centuria closed trading at AU$1.70 each, down 8.36% on ASX today.
Raiden Resources Ltd (ASX:RDN): Raiden Resources (RDN) has achieved definite commitments to raise around AU$1.83 million for its Mt Sholl nickel property.
A total of 215 million additional shares will be issued by the corporation at a cost of 0.7 cents apiece.
Meanwhile, Raiden Resources' shares ended 12.50% higher today at AU$0.0090 apiece on ASX.
Pacgold Ltd (ASX:PGO): Drilling data for the first five holes in the F1a zone of Pacgold's lice River gold project in North Queensland have been received.
The F1a zone is the primary target of the company's 17,500-metre reverse circulation and diamond drilling operation at Alice River.
Meanwhile, Pacgold shares last exchanged hands at AU$0.62 per share, down 6.72% on ASX today.
Bond yields
Australia’s 10-year Bond Yield stands at 3.006% as of 4.50 PM AEST.
Image source: © Aprescindere | Megapixl.com
In global markets
The S&P 500 fell 0.28% to 4,118.63 points, while the Dow Jones was down 0.14% to 32,798.40. The NASDAQ Composite lost 0.18% to 12,368.98, and the small-cap Russell 2000 fell 0.10% to 1,883.31.
Following tumultuous trading so far this year, the US stocks had a substantial recovery in July as investors bet that the Federal Reserve might not make as hawkish moves as initially anticipated.
To US$105.293, the US Dollar Futures Index fell by 0.46%.
In Asia, the Asia Dow fell 0.37% and the Hang Seng in Hong Kong decreased 2.39%, while Nikkei in Japan and Shanghai Composite in China, dropped by 1.42% and 2.26% respectively at 4.59 PM AEST.
In commodities markets
Crude Oil WTI was spotted trading at US$93.86/bbl while Brent Oil was at US$100.006/bbl at 4.58 PM AEST.
Gold was at US$1775.98 an ounce, copper was at US$3.526/Lbs and iron ore was at US$119/T at 4.59 PM AEST.
