ASX today – wrap up, inflation & interest rate fears take over the market

ASX today – wrap up, inflation & interest rate fears take over the market

ASX today – wrap up, inflation & interest rate fears take over the market

Good afternoon! Here is a quick summary:

On the ASX today, the S&P/ASX 200 opened lower and moved even lower before recovering to a close of 7235.300 with a -1.81% or -133.60 points, bouncing from a low of 7216.600. Fears of inflation and concerns that US interest rates may begin to rise sooner than expected as the economy continues to show significant signs of improvement drove the market into a selling frenzy. Aussie shares experienced their biggest setback in a month.


(Recap From 21st June Rise & Shine)

On Friday, US stock markets fell on fears that the US Federal Reserve may begin hiking interest rates sooner than predicted. President of the Federal Reserve Bank of St. Louis, James Bullard, believes that interest rate hikes in the United States will begin next year as inflation rises. The quarterly expiration of both US options and futures contracts added to the volatility

Overnight the US markets took a beating. The Dow Jones slipped lower overnight with a -1.58% move or -533.370 points. The S&P 500 lost overnight, moving -1.31% or -55.410 points. Based on technology, the Nasdaq was down overnight, with a -0.92% loss or -130.974 points.

Popular US shares performances:

Tesla (TSLA) up overnight with a +1.09% gain or +6.71 dollars,

Apple (AAPL) down overnight with a -1.01% loss or -1.33 dollars,

Amazon (AMZN) down overnight with a -0.07% loss or -2.34 dollars per share,

Microsoft (MSFT) down overnight with a -0.56 loss or -1.47 dollars per share,

(Recap From 21st June Rise & Shine)

ASX Markets

This morning, the Australian stock market is projected to start Monday lower. The ASX 200 is predicted to open the day 111 points or 1.52 percent lower, according to the latest SPI futures.


Today on the ASX Wrap up:

Energy (XEJ) -1.95%

  • Oil Search Limited (OSH.ASX) Moving the lowest in the energy sector today, with a -3.23% move and closing to $3.900 per share.
  • Santos Limited (STO.ASX) least loser today in the energy sector, declining -1.23% and closing to a price of $7.250 per share.

Financials Sector (XFJ) -3.42%

  • National Australia Bank Limited (NAB.ASX) down -1.67% and closing to $26.870 per share.
  • Commonwealth Bank Of Australia (CBA.ASX) down -5.43% and closing to a price of $98.060 per share.

Information Technology (XIJ) +0.18%

  • Afterpay Limited (APT.ASX) up +2.46% and closing to $117.210 per share.
  • Xero Limited (XRO.ASX) down -0.91% and closing to $140.960 per share.

Commodities

CommodityLastOpenMov%Units
Brent Crude Oil 73.573.29-0.24%USD/BBL
Crude Oil 71.6871.64-0.25%USD/BBL
Iron ore217.5217.5-1.58%USD/MT
Palladium2,501.682,465.420.36%USD/t
oz
Coal119.23119.3-0.06%USD/MT
Uranium32.432.40USD/LBS
Gold1,776.201,764.210.41%USD/t
oz
Copper4.124.120USD/t
oz
Silver25.9425.760.15%USD/t
oz
Nickel17,12617,126-0.10%USD/t
oz
Data taken from IRESS

David Beshay forum ASX Share Prices, Stock Market & Share Trading Forum

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Trading Halts


Companies listed below are currently in a trading halt and are expected to resume trading within the next few trading days:

Monday

Variscan Mines (ASX:VAR) – capital raising
Resource Development Group (ASX:RDG) – ASX query
Immutep (ASX:IMM) – capital raising
BetMaker (ASX:BET) – acquisition
Coda Minerals (ASX:COD) – capital raising
Po Valley Energy (ASX:PVE) – capital raising

Tuesday

Admiralty Resources (ASX:ADY) – capital raising
Suda Pharmaceuticals (ASX:SUD) – capital raising
Montem Resources (ASX:MR1) – project report
Ragnar Metals (ASX:RAG) – exploration results
Strickland Metals (ASX:STK) – acquisition
Atrum Coal (ASX:ATU) – project report
TNT Mines (ASX:TIN) – exploration results
Silk Laser (ASX:SLA) – capital raising


CryptoCurrency

Bitcoin: US$37,804.22 down -3.99% in 24hrs (Taken from Coindesk data),
Ethereum: US$2,350.46 down -4.47% in 24hrs (Taken from Coindesk data),
Dogecoin: US$0.303100 down -3.36% in 24hrs (Taken from Coindesk data),


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Other News

  • As states tighten their borders, South Australia has joined Queensland in prohibiting visitors from Sydney’s Waverly Council. – 9 News
  • Dong Jingwei, a Chinese spy, ‘defects to the West while delivering Covid secrets.’ – News
  • The Premier has refused to rule out imposing additional limitations on NSW. – News
  • The UK is attacked by a ‘third covid wave,’ as the Delta type spreads throughout more than 80% of the country. – News
  • The NSW COVID outbreak has prompted a testing alert, with the Premier aiming for 40,000 swabs each day. – ABC
  • ‘No one can guarantee your money,’ says a crypto expert. – Yahoo

Today’s Biggest Nano – Mid Cap Gainers

Post market we provide an update with the market movers above 5% (nano – mid market cap)

Nano-Cap ASX Gainers– Above 5%

Today’s ASX Market Wrap up in the Nano ASX Cap gainers. ZEU finished today up +20.90% with a market volume of just over ~4 million shares traded.

CodeLastOpenMov%MktVol
ZEU8.16.920.90%4,084,224
RNX0.70.716.67%6,080,000
AFW0.70.616.67%1,056,428
UUL58.553.515.84%84,887
MRQ0.80.714.29%8,807,750
VIP4.54.212.50%2,314,941
IVT0.90.912.50%486,081
ENA2.82.912%242,967
TMR191811.76%5,254,748
PNM43.711.11%101,342
LNY0.50.511.11%900,033
KYK4.94.88.89%74,319
MHC1.31.38.33%1,904,040
WNR1310.58.33%123,567
AQS32.5298.33%434,052
AUK2.72.68%688,957
OZM14157.69%569,900
INV21207.69%77,804
WSI1.41.47.69%350,001
IP12.82.77.69%5,910,922
GED1.41.47.69%16,571,997
PLY29277.41%857,633
STM1.51.57.14%7,380,310
AQX1.51.47.14%6,788,255
CT11.61.66.67%539,988
ADX0.80.76.67%444,631
NSM32306.67%15,187
ERM76.56.06%1,421,255
KFE1.81.75.88%799,824
PAK1.91.85.56%259,000
CAQ1.91.85.56%100,082
NGS20195.26%128,777
WML2.125%943,350

Micro-Cap ASX Gainers– Above 5%

Today micro-cap gainers. REY moving the highest with a +23.08% gain on closing today and a total share volume of just over ~21 thousand shares traded today.

CodeLastOpenMov%MktVol
REY241923.08%21,018
SWK2018.517.65%2,292,265
BBX272512.50%234,936
PAB5.54.512.24%171,317,709
E2M333011.86%235,236
MIO47.547.510.47%5,000
QFE2825.59.80%517,360
LER11.510.59.52%2,130,386
FFR1211.59.09%2,120,273
KPT114.51069.05%41,342
SMX33.5318.06%8,000
WJA14147.69%168,424
PTX21197.69%29,883,830
TLM21.5207.50%332,941
ONE47456.82%7,060,652
CPV4744.56.82%1,155,938
OSP1.61.46.67%3,489,374
RDG4.84.56.67%358,744
AEI1716.56.25%195,387
CSX1801725.88%253,034
GMD7.46.95.71%4,004,635
HSC1.91.85.56%9,930,148
XAM3.93.75.41%2,643,684
SHJ10499.55.05%84,095
MRC21205%431,419

Small-Cap ASX Market Gainers – Above 5%

Today small-cap gainers. ACW moving the highest with a +19.23% gain on closing today and a total share volume of just over ~20.4 million shares traded today.

CodeLastOpenMov%MktVol
ACW15.51319.23%20,484,292
LKE3532.514.75%19,972,013
8VI62057010.71%36,766
IRI2061928.42%1,434,727
IMR190185.755.56%56,337

Mid-Cap ASX Market Gainers – Above 2%

Today mid-cap gainers. MP1 moving the highest with a +2.27% gain on closing today and a total share volume of just over ~1.6 million shares traded today.

CodeLastOpenMov%MktVol
MP1180017612.27%1,669,249
ALU362935202.08%779,652

That is today’s ASX wrap-up; as always, stay safe and happy trading.

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