AU Evening Wrap: Australia Shares Close 0.1% Higher as GDP Shows Slowing
Australia's $S&P/ASX 200(.XJO.AU$ closed 0.1% higher at 7733.5, after new data showed the country's economy continued to slow in the final months of 2023, adding to concerns that a hard landing is coming.
Technology stocks were a drag on the market, falling 1.4%, but this was partly offset by a strong outing from the financials sector.
Fund manager $Magellan Financial Group Ltd(MFG.AU$ was the best performer, rising 7.9% after reporting an on-month uptick in funds under management and a slowing in outflows.
The major banks rose between 1.0% and 1.2%. $Bank of Queensland Ltd(BOQ.AU$ and $AMP Ltd(AMP.AU$ rose 2.2% and 2.3%, respectively.
Fellow tech stocks $Life360 Inc(360.AU$ and $WiseTech Global Ltd(WTC.AU$ lost 5.0% and 2.6%, respectively.
S&P/ASX 200 Movers for Wednesday (Mar/6)
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 Wednesday (Mar/6)
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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