AU Evening Wrap: Traders reduce risk ahead of US inflation update
G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed lower Wednesday, dropping 37.10 points or 0.53% to 6,992.70 after setting a new 20-day high.
• Top gainers: $Imugene Ltd(IMU.AU$ $Coronado Global Resources Inc(CRN.AU$ $Whitehaven Coal Ltd(WHC.AU$
• Top losers: $The a2 Milk Co Ltd(A2M.AU$ $Nickel Industries Ltd(NIC.AU$ $Megaport Ltd(MP1.AU$
- moomoo News AU
• ASX 200 closed lower Wednesday, dropping 37.10 points or 0.53% to 6,992.70 after setting a new 20-day high.
• Top gainers: $Imugene Ltd(IMU.AU$ $Coronado Global Resources Inc(CRN.AU$ $Whitehaven Coal Ltd(WHC.AU$
• Top losers: $The a2 Milk Co Ltd(A2M.AU$ $Nickel Industries Ltd(NIC.AU$ $Megaport Ltd(MP1.AU$
- moomoo News AU
Australian shares fell for the first time in four sessions as a global market retreat continued ahead of tonight's nervously-anticipated July US inflation report.
The $S&P/ASX 200(.XJO.AU$ finished 37 points or 0.53 per cent lower after a mid-session recovery ran out of gas.
$CommBank(CBA.AU$ fell after reporting a sharp contraction in lending margins. $BHP Group Ltd(BHP.AU$ rolled over in afternoon trade as iron ore prices retreated. Tech stocks sank in the wake of a fall in the Nasdaq Composite in the US.
A profit upgrade lifted $Graincorp Ltd(GNC.AU$ 5.1 per cent. Expectations for a bumper winter crop prompted the agribusiness to raise its FY22 underlying net profit outlook to $365-$400 million from previous guidance of $310-$370 million. Underlying earnings were expected to be $680-$700 million, up from guidance of $590-$670 million.
A profit upgrade lifted $Graincorp Ltd(GNC.AU$ 5.1 per cent. Expectations for a bumper winter crop prompted the agribusiness to raise its FY22 underlying net profit outlook to $365-$400 million from previous guidance of $310-$370 million. Underlying earnings were expected to be $680-$700 million, up from guidance of $590-$670 million.
$The a2 Milk Co Ltd(A2M.AU$ slumped 6.85 per cent after a setback in its bid to crack the US market. The US regulator deferred the dairy group's request to import infant milk formula products. Similar letters were sent to other applicants.
S&P/ASX 200 Movers for Wednesday (10/8)
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"
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 (10/8)
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"
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
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
Australian stock market news that is available at your fingertips
3491Followers
6Following
98KVisitors
Follow