AU Evening Wrap: ASX 200 fell 0.16% as real-estate stocks drop again
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• ASX 200 closed 0.16% lower at 7304.7
• Top gainers: $Orora Ltd(ORA.AU$, $Virgin Money UK PLC(VUK.AU$, $Insurance Australia Group Ltd(IAG.AU$
• Top losers: $AVZ Minerals Ltd(AVZ.AU$, $ARB Corp Ltd(ARB.AU$, $Novonix(NVX.AU$
- moomoo News AU
• ASX 200 closed 0.16% lower at 7304.7
• Top gainers: $Orora Ltd(ORA.AU$, $Virgin Money UK PLC(VUK.AU$, $Insurance Australia Group Ltd(IAG.AU$
• Top losers: $AVZ Minerals Ltd(AVZ.AU$, $ARB Corp Ltd(ARB.AU$, $Novonix(NVX.AU$
- moomoo News AU
Australia's $S&P/ASX 200(.XJO.AU$ closed 0.16% lower at 7304.7, posting a third consecutive fall on weakness in real-estate, tech and consumer stocks.
The benchmark index opened higher following a positive lead from U.S. equities but faded through the session as traders sold shares of companies that look negatively exposed to Tuesday's larger-than-expected rise in Australian interest rates.
Real estate was again the worst-performing sector, dropping 1.5%. $EML Payments Ltd(EML.AU$, $Block Inc(SQ2.AU$ and $Tyro Payments Ltd(TYR.AU$ gave up between 3.5% and 5.8% as the tech sector fell 1.0%, although $Computershare Ltd(CPU.AU$ added 1.8% after Macquarie analysts hailed the likely benefit of higher rates to its margin income. Banking stocks rose.
S&P/ASX 200 Movers for Wednesday (5/4)
The benchmark index opened higher following a positive lead from U.S. equities but faded through the session as traders sold shares of companies that look negatively exposed to Tuesday's larger-than-expected rise in Australian interest rates.
Real estate was again the worst-performing sector, dropping 1.5%. $EML Payments Ltd(EML.AU$, $Block Inc(SQ2.AU$ and $Tyro Payments Ltd(TYR.AU$ gave up between 3.5% and 5.8% as the tech sector fell 1.0%, although $Computershare Ltd(CPU.AU$ added 1.8% after Macquarie analysts hailed the likely benefit of higher rates to its margin income. Banking stocks rose.
S&P/ASX 200 Movers for Wednesday (5/4)
10 Top-Traded AU Stocks for Wednesday (5/4)
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