AU Evening Wrap: ASX Dropped 0.6%; Iron Ore Miners, Tech Drag Index Lower
G'day, mooers! Check out the latest news on today's stock market!
• Top gainers: $Virgin Money UK PLC(VUK.AU$, $EVT Ltd(EVT.AU$, $SkyCity Entertainment Group Ltd(SKC.AU$
• Top losers: $Abacus Property Group(ABP.AU$, $The Star Entertainment Group Ltd(SGR.AU$, $Downer EDI Ltd(DOW.AU$
- moomoo News AU
• Top gainers: $Virgin Money UK PLC(VUK.AU$, $EVT Ltd(EVT.AU$, $SkyCity Entertainment Group Ltd(SKC.AU$
• Top losers: $Abacus Property Group(ABP.AU$, $The Star Entertainment Group Ltd(SGR.AU$, $Downer EDI Ltd(DOW.AU$
- moomoo News AU
The $S&P/ASX 200(.XJO.AU$ dropped 0.6 per cent, or 42.8 points to 7311.8 at the closing bell, with tech and materials leading the decline.
Information technology stocks were the worst performing, with sector large-caps $Xero Ltd(XRO.AU$ and $WiseTech Global Ltd(WTC.AU$ falling 2.3 per cent and 1.4 per cent, respectively.
Iron ore miners traded lower in the back half of the session, tracking falls in futures pricing. $BHP Group Ltd(BHP.AU$ was down 1.2 per cent, $Fortescue Ltd(FMG.AU$ 1.3 per cent and $Rio Tinto Ltd(RIO.AU$ 1.7 per cent.
Iron ore futures on the Singapore exchange continued to retreat, down 2.6 per cent on September contracts. After posting similar falls earlier this week, the contracts were approaching $US100 a tonne at close of market.
The big four banks all ended the day lower: $Westpac Banking Corp(WBC.AU$ and $ANZ Group Holdings Ltd(ANZ.AU$ were both down 0.4 per cent, $CommBank(CBA.AU$ lost 1 per cent and $National Australia Bank Ltd(NAB.AU$ 0.6 per cent.
$Janus Henderson Group PLC(JHG.AU$ sank 4.7 per cent after reporting fund outflows in its latest quarterly report. $Pinnacle Minerals Ltd(PIM.AU$ and $GQG Partners Inc(GQG.AU$ also ended the session in the red, down 3.8 per cent and 2.8 per cent, respectively.
Shares in $Link Administration Holdings Ltd(LNK.AU$ shed 4.01 per cent after the company flagged a bottom-line loss of $418 million in its upcoming report.
$Downer EDI Ltd(DOW.AU$ fell 3.1 per cent after writing off almost $550 million ahead of its earnings next week.
S&P/ASX 200 Movers for Thursday (3/8)
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 Thursday (3/8)
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
3404Followers
6Following
97KVisitors
Follow