Australian market closes in green; utilities leads gains

2 min read | December 21, 2022 04:00 AM AEDT | By Bhawna Gupta

Australian market closes in green; utilities leads gains — Image source: © Littlemacproductions | Megapixl.com

Key pointers from ASX closing today

Silver Lake Resources Limited (ASX:SLR) and Evolution Mining Ltd (ASX:EVN) gained the most on the ASX today, moving ahead 8.20% and 7.75%, respectively.
Novonix Ltd (ASX:NVX) and TPG Telecom Ltd (ASX:TPG) fell 6.77% and 2.31%, respectively.
Over the last five days, the index has lost 1.97% and 3.35% over the last 52 weeks.
Utilities was the biggest gainer, climbed 3.92% followed by A-REIT which was 3.04% up while telecommunications services fell 0.26%.
The All-Ordinaries Index gained 1.20%.

Newsmakers

DroneShield (ASX:DRO): A record purchase order of $11 million from an unnamed government agency customer has been given to DroneShield, as per an ASX filing.

The purchase includes a variety of DroneShield C-UAS and counter-drone devices.

Acrux (ASX:ACR): A prilocaine and lidocaine cream product has been introduced in the United States by Acrux and its partner, Padagis.

This AM-rated generic Emla Cream is applied topically to normal, unbroken skin to numb or temporarily impair sensation. Additionally, it can be used as a pre-treatment for infiltration anaesthesia as well as for superficial minor surgery on the mucous membranes of the genitalia.

Global markets

The S&P 500 gained 0.10% to 3,821.62. The Dow Jones was 0.28% up to 32,849.74. The NASDAQ Composite increased 0.010% to 10,547.11, and the small-cap Russell 2000 climbed 0.50% to 1,748.02.

In Asia, the Asia Dow was 0.39% down, Nikkei in Japan fell 0.71%, Shanghai Composite in China decreased by 0.15 while Hang Seng in Hong Kong gained 0.091% at 4.07 PM AEDT.

Bond yields

Australia’s 10-year bond yield stands at 3.73% as of 4.07 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$76.02/bbl, while brent was at US$79.96/bbl at 4.08 PM AEDT.

Gold was at US$1813.88 an ounce, copper was at US$3.79/Lbs, and iron ore was at US$110.50/T at 4.08 PM AEDT.

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