AU Evening Wrap: ASX Has Worst Start to the Year Since 2007
• Top gainers: $Imugene Ltd(IMU.AU$, $Bapcor Ltd(BAP.AU$, $Challenger Ltd(CGF.AU$
• Top losers: $Sims Ltd(SGM.AU$, $Sandfire Resources Ltd(SFR.AU$, $Chalice Mining Ltd(CHN.AU$
• Top losers: $Sims Ltd(SGM.AU$, $Sandfire Resources Ltd(SFR.AU$, $Chalice Mining Ltd(CHN.AU$
The Australian sharemarket rounded out its worst start to the year in more than a decade on Friday, as the broad rally staged in the final months of 2023 lost steam.
$S&P/ASX 200(.XJO.AU$ ended 0.1% lower at 7489.1, notching its third straight day of losses.
The benchmark index was dragged by the technology sector, which fell 2.1%. That was in line with weakness in U.S. tech stocks, which have fallen for five consecutive sessions. $WiseTech Global Ltd(WTC.AU$ lost 3.8%, $Megaport Ltd(MP1.AU$ fell 2.6% and $Life360 Inc(360.AU$ declined 2.3%.
It was a better day for financial shares, with the sector rising 0.9%. $Magellan Financial Group Ltd(MFG.AU$ climbed 2.9%, while $Challenger Ltd(CGF.AU$ gained 3.0% and was one of the day's best-performing stocks. The major banks rose between 0.3% and 1.4%.
$Core Lithium Ltd(CXO.AU$ was the worst performer, with the stock falling 12% after the company said it will temporarily suspend mining operations.
The benchmark closed out its first week of the new year down 1.3%, after rallying more than 7% last month on hopes that central banks would begin cutting interest rates sooner than expected. The week marked the benchmark's worst first-week performance since 2007.
S&P/ASX 200 Movers for Friday (Jan/5)
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 (Jan/5)
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, AFR
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