AU Evening Wrap: Tech Weakness Drags ASX to 0.2% Loss
G'day, mooers! Check out the latest news on today's stock market!
• Top gainers: $Ingenia Communities Group (INA.AU)$, $Coronado Global Resources Inc (CRN.AU)$, $Endeavour Group Ltd (EDV.AU)$
• Top losers: $Mineral Resources Ltd (MIN.AU)$, $Imugene Ltd (IMU.AU)$, $Newcrest Mining Ltd (NCM.AU)$
- moomoo News AU
A sell-off across the US technology sector spilled over to the Australian sharemarket on Friday, amid disappointing results from Wall Street's tech giants and speculation of further tightening by the Federal Reserve.
The local technology sector dropped 2.7 per cent. $Xero Ltd (XRO.AU)$ tumbled 3.9 per cent to $122.20, $Technology One Ltd (TNE.AU)$ fell 2.9 per cent to $15.33 and $Life360 Inc (360.AU)$ declined 2.9 per cent to $7.62.
The $S&P/ASX 200 (.XJO.AU)$ dropped 0.2 per cent, or 11.1 points, to 7313.9 on Friday, but the benchmark posted a modest advance of 0.1 per cent for the week.
Gold miners were among the biggest laggards as a stronger US dollar weighed on the price of the precious metal; $Bellevue Gold Ltd (BGL.AU)$ tumbled 3.6 per cent to $1.47 and $Perseus Mining Ltd (PRU.AU)$ fell 4.4 per cent to $1.72.
$Newcrest Mining Ltd (NCM.AU)$ declined 5.3 per cent to $26.19 after takeover bidder Newmont reported quarterly earnings that missed analyst estimates, causing its share price to drop 6 per cent in New York – its biggest daily decline in 12 months.
$Coronado Global Resources Inc (CRN.AU)$ climbed 2.8 per cent to $1.65 after maintaining its existing guidance for the 2023 financial year should drier conditions continue into the September and December quarters.
S&P/ASX 200 Movers for Friday (21/7)
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 (21/7)
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
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