AU Evening Wrap: ASX Jumps 0.9%, Biggest Daily Gain in Two Months

Moomoo News AU wrote a column · Mar 22, 2023 15:04

G'day, mooers! Check out the latest news on today's stock market!
• ASX rallies 0.9%, biggest daily gain in two months
• Top gainers: $Judo Capital Holdings Ltd (JDO.AU)$, $Beach Energy Ltd (BPT.AU)$, $Domain Holdings Australia Ltd (DHG.AU)$
• Top losers: $Latitude Group Holdings Ltd (LFS.AU)$, $Northern Star Resources Ltd (NST.AU)$, $Evolution Mining Ltd (EVN.AU)$
- moomoo News AU

The $S&P/ASX 200 (.XJO.AU)$ jumped 0.9 per cent on Wednesday, the largest daily gain in two months, as a bounce in oil prices boosted energy stocks.

Investors were awaiting the outcome of the US Federal Reserve policy meeting after a week of wild market volatility on fears of a global banking crisis. Financial markets expect the Fed to increase its benchmark rate by 0.25 of a percentage point to the target range of 4.75 per cent to 5 per cent on Wednesday (Thursday 5am AEDT).

$Woodside Energy Group Ltd (WDS.AU)$ leapt 5.2 per cent to $32.80, the biggest increase since October last year. $Beach Energy Ltd (BPT.AU)$ advanced 5.3 percent, putting both stocks at the top of the index.

The major banks rose, but regional lenders had mixed results. $Suncorp Group Ltd (SUN.AU)$ gained 0.9 per cent. $Bendigo and Adelaide Bank Ltd (BEN.AU)$ and $Bank of Queensland Ltd (BOQ.AU)$ edged lower.

$Latitude Group Holdings Ltd (LFS.AU)$ dived 7 per cent after revealing a cyber-attack had resulted in far more stolen data than initially reported.

$WAM Leaders Ltd (WLE.AU)$ rose 2.4 per cent. It cancelled its share placement plan and intended placement due to market volatility.

$The Star Entertainment Group Ltd (SGR.AU)$ rallied 1 per cent after the appointment of David Foster as its new chairman.

$KMD Brands Ltd (KMD.AU)$ jumped 1.1 per cent after it swang back to profit.

Gold stocks recoiled on easing worries over a global banking crisis.

$Newcrest Mining Ltd (NCM.AU)$ dropped 1 per cent, while $Evolution Mining Ltd (EVN.AU)$ and $Northern Star Resources Ltd (NST.AU)$ shed more than 3 per cent.

S&P/ASX 200 Movers for Wednesday (22/3)

AU Evening Wrap: ASX Jumps 0.9%, Biggest Daily Gain in Two Months

How to find the above information in moomoo app:

1. Open moomoo app

2. Search for and tap on ".XJO"

3. Roll down to see "Constituent Stocks"

4. You can filter the list based on "%Chg"

10 Top-Traded AU Stocks for Wednesday (22/3)

How to find the above information in moomoo app:

1. Open moomoo app

2. Tap your finger on "Market" and "AU"

3. Roll down and tap on "Main Board"

4. You can filter the list based on "Turnover"

Source: Dow Jones Newswires, The Market Herald

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