Australian shares end in red; consumer staples gains, materials falls

3 min read | December 15, 2022 04:24 PM AEDT | By Bhawna Gupta

Highlights

  • The ASX 200 benchmark index closed in the red today (December 15), losing 41.60 points or 0.57% to end at 7,209.70 points.
  • Over the last five days, the index has gained 0.48%, but is down 3.16% for the last year to date.
  • Consumer staples was the biggest gainer, advancing 0.58% while materials and consumer discretionary fell 1.37% and 1.21% respectively.

The ASX 200 benchmark index closed in the red today (December 15), losing 41.60 points or 0.57% to end at 7,209.70 points.

Key pointers from ASX closing today

  • Blackmores Ltd (ASX:BKL) and New Hope Corporation Limited (ASX:NHC) gained the most on the ASX today, moving ahead 7.25% and 5.00%, respectively.
  • Pilbara Minerals Ltd (ASX:PLS) and Core Lithium Ltd (ASX:CXO) fell 10.88% and 8.58%, respectively.
  • Over the last five days, the index has gained 0.48%, but is down 3.16% for the last year to date.
  • Consumer staples was the biggest gainer, advancing 0.58% while materials and consumer discretionary fell 1.37% and 1.21% respectively.
  • The All-Ordinaries Index fell 0.58%.

Newsmakers

Appen (ASX:APX): Armughan Ahmad has been appointed CEO and President of Appen, beginning on January 30, 2023.

To ensure a smooth leadership transfer, Ahmad will succeed Mark Brayan, the organisation's current CEO and Managing Director, who will work there until February 28, 2023.

Global Lithium Resources (ASX:GL1): The total lithium resource base of Global Lithium Resources' Manna and Marble Bar assets in Western Australia has increased by about 150%.

The mineral resource for the company's Manna project, which now stands at 32.7 million tonnes at one percent lithium oxide, increased by 223% on Thursday. As a result of GL1, the Marble Bar resource has grown by 71% to 18 million tonnes at 1% lithium oxide.

Global markets

After the Fed stated that the majority of policymakers expects benchmark rates to rise further next year and remain up for longer than the market anticipated, US stocks slumped in a choppy trading session. The target federal funds rate was increased by the central bank by 0.5 percentage points, to 4.25–4.5%.

The S&P 500 lost 0.61% to 3,995.32. The Dow Jones was 0.42% down to 33,966.35. The NASDAQ Composite decreased 0.76% to 11,170.89, and the small-cap Russell 2000 fell 0.65% to 1,820.45.

In Asia, Hang Seng in Hong Kong lost 1.36%, the Asia Dow was 0.35% down while Nikkei in Japan fell 0.40% and Shanghai Composite in China decreased by 0.29% at 4.14 PM AEDT.

Bond yields

Australia’s 10-year bond yield stands at 3.46% as of 4.15 PM AEDT.

In commodities markets

Crude Oil WTI was spotted trading at US$76.43/bbl, while brent was at US$82.03/bbl at 4.16 PM AEDT.

Gold was at US$1791.59 an ounce, copper was at US$3.81/Lbs, and iron ore was at US$110.00/T at 4.16 PM AEDT.


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