ASX, S&P/ASX 200, Stock market, Stock The Last Trade || ASX 200 Ends Lower; What Caused Sell-Off In The Stock Market?

Holly and you are watching Kalkine tv live from Sydney.. This is the last show of the day, The Last Trade. – Theres no better way to wind down the day than with todays market. Close commentary. So lets dive. In. Australiansharesclosed, lower in volatile trade. Gains in mining stocks were offset by losses in bank tech and healthcare stocks.. The market witnessed sharp selling post lunch soon after the report came in that Melbourne will go into a snap lockdown from midnight tonight.. The intention is to break the chain of the growing COVID 19 pandemic. TheSampPASX200fell 18.80 points or 0.26 after opening lower. Earlier today, following muted cues from US stocks that settled mixed overnight., The market shrugged off robust jobs, data that showed the unemployment rate fell to a 10 year low 4.9 in June.. However, the focus remained on lockdowns in Sydney and Melbourne.. The concerns about the COVID 19 situation in the country continued to weigh on the market. In the last 24 hours, NSW reported 65 new locally acquired cases compared to 97 registered yesterday.. However, 28 of these new cases were infectious, while in the community. Victoria has reported two new cases. While list of exposure sites grew by more than 70., The administration is reportedly considering a snap lockdown from midnight to contain another outbreak. On that notelet’sturn. Our attention to the biggest gainers and losers of the day. Among the individual stocks, Health care firm Polynovo, was the top percentage loser on the ASX.

The stock fell over 9.. Some of the other worst performers were BNPL player, Zip tech, firm Nuix financial services, firm Credit, Corp Group, corporate bookmaker PointsBet Holdings and travel firm, Corporate Travel Management. On the winning side. Automobile parts manufacturer ARB Corporation was the top performer on the ASX with 7.5 gain.. Some of the other notable gainers were utility firm Spark Infrastructure Group mining, firm, St Barbara coal, miner, Whitehaven Coal, industrial, firm, CSR and global online marketplace. Redbubble. And now let us shift focus on sector specific performance.. On the sectoral front, nine of 11 indices ended in red.The. Health care was theworst performing sectors, withnearly 1.5loss, followed by tech, whichdropped 1.2.Among others, A REIT financial, industrial telecom and consumer staples were among top losers.. On the flip side, material sector emerged as the top performer rising 1.3. Utilities stock also ended higher with 0.4 gain. In tech space. The BNPL firms continued losing streak for the second day. Perceptions of rising inflation, as well as fear of competition from global players. Spooked investor sentiment. The sell off was triggered by news from the US digital payments giant PayPal.. The company launched a fee free instalment payments product in Australia to take on home grown BNPL firms. Australias largest BNPL firm Afterpay, Zip Splitit Payments ended lower.. Moving on to energy space, Beach, Energy, Santos and Oil Search ended in green zone.. In the mining space index, heavyweights BHP Group fell while Rio, Tinto and Fortescue Metals closed higher.

Among gold mining stocks, Silver Lake Resources, Newcrest Mining Evolution, Mining, Ramelius and Gold. Road closed higher.. Moving on, let us look at the ASX stocks. Whichcreatedbuzz today. Talk about sizzling hot stocks. The share price of fintech firmSezzle rose as much as 5.6 per cent to AU8.41after. The companysecured funds from Discover Financial Services.ThecompanysaidDiscover will invest USD30 millioninSezzleas part of plans. That will see the two firms launch a buy now pay later payments network in the US.The announcement camea day after ASX listed BNPL stockstumbled on the loomingthreat of Apple PayPal and Commonwealth Bank entering theAustralianBNPL sector., Another fintech playerHumm Group saw itssharesgaining1.5 per cent to hit an intraday High of 98.5 cents.In, an exchange filing on Wednesday Humm said that it had entered into a joint venture agreement with Red Bird Ventures, a subsidiary of Westpac New Zealand., The company to launch a new BNPL product.. The new product, known asbundll, has been built fororganisationslooking to enter the customer first BNPL market.. This is the first agreement, underhumm groupsglobal partnership with Mastercard.. It will allow customers to BNPL wherever they like, with no minimum spend the first of its kind in New Zealand. And now before we look at the Shares that are in Newstoday its time for a short, break. Hi. Welcome back, I am Holly and you are watching. Kalkine tv live from Sydney.. This is the last show of the day. The Last Trade Woodside Petroleum shares declined as much as 1.8 per cent to AU23.

2. Despite reporting, strong performance, insecond quarter.TheAustralian, petroleum exploration and production companyhasreported, a 67 per cent growth in sales revenue for the second quarter. Growth was driven by higherrealisedprices for natural gas and oil.Therevenue from oil sales during the period was higher than the first quarter.. It was supported by an above market averagerealisedprice of AU75perbarrel, while revenue from LNG sales, climbed 14 per cent., And next up. The share price of investment managementfirmPendalGroup gained as much as 2.4 per cent to AU8.2.The shares, extended gains for the fourth consecutive session.The firmsaid in an ASX updatethatitsJune quarter. Funds under management rose toAU106.7 billion up 5 per cent from March. Quarter.The Company now continues to see strength of the U.S. region and its potential for future growth, especially related to the flows FUM and margins., And Electricity infrastructure. Investorspark Infrastructure Group jumped as much as 7.5 per cent to AU2.6and was among top gainers on ASX.The Company has received a buyout proposal from a consortium led by Canadian pension fund, Ontario Teachers’ Pension Plan Board and US private equity. Kkr amp Co.The consortium has offered to buy Spark at AU2.80 per shareat, a market value ofAU4.91 billion. And its mayday for the next share. As Sydney Airport saw its price fallingas much as 1.9 per cent after the company rejected an AU22.26 billion takeover proposal.. The operator of Australia’s largest airport said the AU8.25 per share offer by a group of infrastructure funds, undervalued the company. In the yellow metal space. The share price of gold explorer Dacian Goldslippedas much as 6.

5 per cent to 29 cents, ondrop inproduction.The Company said its production for FY21 stood at just over 100000 ounces lower than previously estimated figures. And The share price of software firmSchroleGroup rose nearly 8 per cent to 1.4 Cents, onreleasing itsSchroleConnect, 3.0.Schroleis, a global SaaS provider to education, professionals and institutions.SchroleConnect is an online SaaS platform enabling international schools to streamline teacher recruitment and candidate management activities. To the medical world, now Shares of biotech firmActinogenMedical climbed nearly 9 per cent to 12.5 cents on enrolling patient Forxanamiatrial.The company had enrolled the first patient for XanaMia trail., The patient targets, patients with mild Cognitive Impairment due to Alzheimers disease. And now before we look at the Shares that are in Newstoday its time for a short, break. Hi. Welcome back, I am Holly and you are watching kalkine tv live from Sydney.. This is the last show of the day, The Last Trade. Let us now look at the next company. In news, today. Shares of food amp beverage company Forbidden Foods fell. Nearly 4 per cent to 25. Cents.The company has signed an exclusive distribution agreement for its products, FUNCH amp Sensory Mill to distribute in the Philippines markets.. The agreement has been signed with a wellness brand Moshi. And Total Brain on Thursday said that ithad entered into a three year contract to provide its mental health software to Eastman a US based global specialty materials company.Based in Kingsport Tennessee, the United States Eastman serves customers in More than 100 countries and is a part of Fortune 500.

Moving on to the last ASX listed company in our list, today. Tasman Resources has informed its shareholders that there was a significant growth ofOptiBlendin, the Indian Market.OptiBlendis, a dual fuel system that enables diesel generator to use Natural gas as its primary fuel without modifying the engine or the diesel fuel system.. Now, for the final leg of our showlet us focus: ontheglobalequitymarket performance. Asian sharesstaged, a smart recovery, paring opening losses, onUS Federal Reserve, Chairman Jerome Powellsdovish commenton inflation.In, a testimony to the US House of Representatives Financial Services Committee Powell said he was confident that the recent price hikes Are associated with the country’s post pandemic reopening and would fade. Chinas Shanghai Compositewastrading 0.5 per cent higherwhileHong Kongs Hang Sengsurged 1.4 per cent. In a similar trendTaiwansWeighted Stockrose 0.7 per cent whileSeoulsKospiwas up 0.5 per cent. MeanwhileJapan’s Nikkeiemerged asthe worst performer in the regionfalling over1.2 per cent.Singapores Straits. Times wasalsodown0.3 per cent. In the overnight trade Wall Street finishedmixedamid worries about interest rate hike following spike in inflation.Inthe volatiletrade, the Dow Jonesgained0.13 per cent, while the SampP 500surged0.12 per cent., The tech savvy NASDAQ Compositeended0.22 per cent lower. Well thats, all for now in the Last Trade. – With our existing operations in Australia, New Zealand, UK and Canada, Kalkine media has launched its operations in US markets. Every day. In our first show the global market updates. You can get latest and important news of the US UK and Asia Pacific markets.. So on that note, I will see you tomorrow.

At 10.

What do you think?

Written by freotech


Leave a Reply

Your email address will not be published. Required fields are marked *



ASX, S&P/ASX 200, Stock market, Stock The Opening Bell || Why is tech and energy rout putting pressure on ASX 200?

Dow Jones Industrial Average, S&P 500, Stock, Stock market, Nasdaq p;P 500 dips even as earnings continues to outpace expectations