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Highlights
- The ASX 200 benchmark index increased 0.58% to end at 7,015.60 points today (August 5).
- Top performing stocks featured Novonix and Liontown Resources.
- Materials was the best performing sector today, gaining 1.87%.
Gains in the mining sector helped counteract a six-month low in oil prices and a disappointing trading statement from Afterpay’s US parent company as the stock market today (August 5) moved closer to a third consecutive weekly gain.
Australian share market closed last day of the week on a positive note today (August 5) with the benchmark S&P/ASX 200 gaining 0.58% or 40.70 points to end at 7,015.60 points.
Key pointers from ASX close today
- The ASX 200 benchmark index closed up today, increased 0.58% to end at 7,015.60 points.
- Top performing stocks featured Novonix Limited (ASX:NVX) and Liontown Resources Limited (ASX:LTR), up 13.65% and 6.74% respectively.
- Bottom performing stocks in this index were Megaport Limited (ASX:MP1) and Viva Energy Group Ltd (ASX:VEA), ending 7.12% and 4.53% lower respectively.
- In last five trading sessions, the benchmark index has gained 1.01%, but is down 5.76% on year-to-date basis.
- Six out of 11 ASX sectors ended the day in green zone.
- Materials was the best performing sector today, gaining 1.87%. The sector has gained 0.88% in last five trading days.
- Energy was the worst performing sector today, down 1.44%.
- Volatility indicator A-VIX index was down 2.32% at 3.58 PM AEST.
- The All-ordinaries Index gained 0.59%.
Image Source: © 2022 Kalkine Media ®
Data Source- ASX website dated 5 August 2022
Newsmakers
Perpetual Resources Limited (ASX:PEC): At its premier asset in Western Australia, silica sands explorer Perpetual Resources Limited (ASX:PEC) has finished reconnaissance shallow auger drilling.
The drilling, which took place from July 25 to 27, was focused on Beharra North, the northernmost portion of the Beharra exploration tenement.
Meanwhile, Shares of Perpetual Resources closed trading at AU$0.045 each, up 2.27% on ASX today.
Peregrine Gold Limited (ASX:PGD): At the Peninsula Prospect, a quartz-ironstone breccia vein was discovered in the drill core, according to a gold miner's announcement made today. The prospect lies about 30 kilometers west of Newman, Western Australia.
Meanwhile, Shares of Peregrine closed trading at AU$0.74 each, up 75% on ASX today.
Bond yields
Australia’s 10-year Bond Yield stands at 3.12% as of 4.06 PM AEST.
In global markets
Wall Street's major indices ended mixed on Thursday as an increase in unemployment benefit claims suggested a slowdown in labor markets.
Oil prices have fallen to their lowest point since the beginning of the Russia-Ukraine war in February as a result of worries about the future of the world economy.
The S&P 500 fell 0.08% to 4,151.94. The Dow Jones was down 0.26% to 32,726.82. The NASDAQ Composite added 0.41% to 12,720.58, and the small-cap Russell 2000 fell 0.13% to 1,906.46.
According to Cleveland Fed President Loretta Mester, the Federal Reserve must continue its restrictive monetary policy for a number of months in order to lower inflation below its goal level of 2%. Notably, the rate-setting committee includes Loretta Mester as a voting member.
In Commodities markets
Crude Oil WTI was spotted trading at US$89.275/bbl while Brent Oil was at US$94.66/bbl at 4.11 PM AEST.
Gold was at US$1791.75 an ounce, copper was at US$3.537/Lbs and iron ore was at US$112/T at 4.12 PM AEST.
