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AU Evening Wrap: ASX Closes 1.2% Lower, Liontown Soars Amid Bid Talk

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Moomoo News AU wrote a column · Sep 7, 2023 03:08
The $S&P/ASX 200 (.XJO.AU)$ fell 1.2 per cent at the closing bell, in line with Asian bourses, on worries about higher US interest rates and a slowing Chinese economy.
Exacerbating losses were a raft of companies, including $BHP Group Ltd (BHP.AU)$, $Super Retail Group Ltd (SUL.AU)$ and $Perpetual Resources Ltd (PEC.AU)$, trading ex-dividends.
All 11 sectors ended in the red, with mining companies in the lead. $Rio Tinto Ltd (RIO.AU)$ fell 2.5 per cent, $Fortescue Ltd (FMG.AU)$ retreated 2.2 per cent and BHP Group tumbled 5.2 per cent, the worst drop in a year. Further undermining the sector was a sharp drop in iron ore futures.
Shares in $Qantas Airways Ltd (QAN.AU)$ skidded 2.3 per cent and hit intraday their lowest level since October last year.
Lithium miner and takeover target $Liontown Resources Ltd (LTR.AU)$, however, soared 9 per cent on speculation that Australia's richest person, Gina Rinehart, was behind the buying. US lithium heavyweight Albemarle lobbed a non-binding $3 a share bid for Liontown, valuing the company at $6.6 billion.
Shares in shipbuilder $Austal Ltd (ASB.AU)$ jumped 3.2 per cent after it won a $143 million contract with the US Navy.
$Bank of Queensland Ltd (BOQ.AU)$ rose 0.7 per cent. The regional lender plans to redeem all of its $275 million subordinated notes maturing in November 2028.
All the major banks, however, retreated, with ANZ the hardest-hit with a 0.7 per cent loss.
S&P/ASX 200 Movers for Thursday (7/9)
AU Evening Wrap: ASX Closes 1.2% Lower, Liontown Soars Amid Bid Talk
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"
10 Top-Traded AU Stocks for Thursday (7/9)
AU Evening Wrap: ASX Closes 1.2% Lower, Liontown Soars Amid Bid Talk
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"
Source: Dow Jones Newswires, The Market Herald
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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