AU Evening Wrap: Commodity crunch sinks miners for fifth day
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• ASX 200 closed lower Friday, dropping 16.90 points or 0.25% to 6,828.70 and setting a new 20-day low.
• Top gainers: $Yancoal Australia Ltd(YAL.AU$ $Mercury NZ Ltd(MCY.AU$ $GPT Group(GPT.AU$
• Top losers: $Novonix(NVX.AU$ $Paladin Energy Ltd(PDN.AU$ $Mineral Resources Ltd(MIN.AU$
- moomoo News AU
• ASX 200 closed lower Friday, dropping 16.90 points or 0.25% to 6,828.70 and setting a new 20-day low.
• Top gainers: $Yancoal Australia Ltd(YAL.AU$ $Mercury NZ Ltd(MCY.AU$ $GPT Group(GPT.AU$
• Top losers: $Novonix(NVX.AU$ $Paladin Energy Ltd(PDN.AU$ $Mineral Resources Ltd(MIN.AU$
- moomoo News AU
The share market suffered its biggest weekly loss since June as the heavily-weighted mining sector fell for a fifth day.
The $S&P/ASX 200(.XJO.AU$ seesawed in and out of positive territory before fading to a loss of 17 points or 0.25 per cent this afternoon.
The $S&P/ASX 200(.XJO.AU$ seesawed in and out of positive territory before fading to a loss of 17 points or 0.25 per cent this afternoon.
For the week, the Australian benchmark fell 275 points or almost 3.9 per cent, its worst weekly result since a 6.6 per cent plunge in mid-June.
Gains today in property, banking and healthcare stocks were outweighed by declines in commodity stocks.
Financials was the pick of the sectors after touching a five-week low yesterday. $Macquarie Group Ltd(MQG.AU$ led with a rise of 1.58 per cent. $CommBank(CBA.AU$ gained 0.94 per cent, $ANZ Group Holdings Ltd(ANZ.AU$ 0.49 per cent, $National Australia Bank Ltd(NAB.AU$ 0.79 per cent and $Westpac Banking Corp(WBC.AU$ 0.8 per cent.
Financials was the pick of the sectors after touching a five-week low yesterday. $Macquarie Group Ltd(MQG.AU$ led with a rise of 1.58 per cent. $CommBank(CBA.AU$ gained 0.94 per cent, $ANZ Group Holdings Ltd(ANZ.AU$ 0.49 per cent, $National Australia Bank Ltd(NAB.AU$ 0.79 per cent and $Westpac Banking Corp(WBC.AU$ 0.8 per cent.
Real estate investment trusts trimmed a losing week. $GPT Group(GPT.AU$ bounced 2.67 per cent, $Mirvac Group(MGR.AU$ 1.46 per cent and $Charter Hall Retail REIT(CQR.AU$ 1.73 per cent.
A pause in this week's rally in bond yields allowed room for recovery for select growth stocks. $Life360 Inc(360.AU$ popped 5.56 per cent. $Clinuvel Pharmaceuticals Ltd(CUV.AU$ gained 2.34 per cent.
Resource stocks spearheaded today's retreat. Among the heavyweights, $Fortescue Ltd(FMG.AU$ fell 2.49 per cent. $Rio Tinto Ltd(RIO.AU$ shed 2.52 per cent.
Resource stocks spearheaded today's retreat. Among the heavyweights, $Fortescue Ltd(FMG.AU$ fell 2.49 per cent. $Rio Tinto Ltd(RIO.AU$ shed 2.52 per cent.
This week's fierce rally in uranium stocks ran into headwinds overnight. The $Global X Uranium ETF(URA.US$ reversed 4.58 per cent.
Here, $Elevate Uranium Ltd(EL8.AU$ slid 9.57 per cent, $Bannerman Energy Ltd(BMN.AU$ 8.3 per cent and $Paladin Energy Ltd(PDN.AU$ 6.55 per cent.
S&P/ASX 200 Movers for Friday (2/9)
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 Friday (2/9)
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.
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