Market Overview
The S&P/ASX 200 closed lower Friday, dropping 9.40 points or 0.11% to 8,516.30. Over the last five days, the index has gained 1.04%, but is down 2.27% year to date. Global markets weighed on sentiment after Wall Street tumbled with the Dow Jones down 1%, S&P 500 down 1.75%, and Nasdaq down 2.4%.
Index & Breadth
The S&P/ASX 200 closed at 8,516.30, down 9.40 points or 0.11%.
Sectors
- Energy +0.88%, supported by higher oil prices with WTI crude up 4.5% to US$94.38 a barrel and Brent up 5.4% to US$107.78 a barrel.
- Consumer Staples +0.41%.
- Utilities +0.36%.
- Information Technology -1.53%.
- A-REIT -0.91%.
- Industrials -0.41%.
Stock Highlights
Standout Gainers
- TWE Treasury Wine Estates Limited +7.418% to 3.620.
- TLX Telix Pharmaceuticals Limited +5.650% to 13.650.
- SOL Washington H. Soul Pattinson and Company Limited +5.007% to 40.260.
- WHC Whitehaven Coal Limited +4.886% to 9.230.
Underperformers
- DRO Droneshield Limited -13.393% to 3.880.
- NXT NextDC Limited -7.891% to 11.440.
- PDI Predictive Discovery Limited -6.082% to 0.695.
- CDA Codan Limited -5.929% to 32.370.
Commodities & FX
Gold BUY $6,487.80/oz, Silver BUY $104.23/oz, Platinum BUY $2,833.41/oz, Palladium BUY $2,196.45/oz. AUD/USD at 0.6895. Gold futures tumbled 3.9% to US$4,375.5 an ounce amid inflation and higher interest rate concerns.
Takeaways
- S&P/ASX 200 down 9.40 points or 0.11% to 8,516.30.
- Information Technology sector fell 1.53%, led by NXT NextDC Limited -7.891%.
- Energy sector rose 0.88% amid WTI crude +4.5% to US$94.38/bbl.
- DRO Droneshield Limited bottom performer at -13.393%.
- TWE Treasury Wine Estates Limited top gainer +7.418% to 3.620.
Vitti Capital Pty Ltd (ABN 13 670 030 145) is a Corporate Authorised Representative (001306367) of Point Capital Group Pty Ltd (ABN 41 625 931 900), the holder of Australian Financial Services Licence number 518031.
This communication contains general information only and does not take into account your objectives, financial situation, or needs. Before acting on any information, you should consider whether it is appropriate to your circumstances. We recommend you seek personal financial advice before making any investment decision. If you have not previously received a copy of our Financial Services Guide (FSG), it is available free of charge by contacting us. The information contained in this email is only intended for the use of those persons who satisfy the Wholesale definition, pursuant to Section 761G and Section 761GA of the Corporations Act 2001 (Cth) ("the Act"). Persons accessing this information should also consider whether they are wholesale clients in accordance with the Corporations Act 2001 (Cth) before relying on any information contained.
Past returns do not always indicate future returns and there is always a risk of loss when trading and investing. Our Privacy Policy is available at https://vitti.capital/privacy-policy-2/
