AU Evening Wrap: Australia Shares Close Flat as Inflation Stays Steady
Australia's $S&P/ASX 200(.XJO.AU$ closed flat at 7660.4, fading from a bright start after data showed annual inflation stayed steady in January. Monthly CPI rose 3.4% over the year through January, the same as in the 12 months through December, leaving economists' forecasts for the timing of central-bank rate cuts largely unaltered.
Tech was the best performing of the ASX 200's 11 sectors, adding 2.9%. Data center operator $Nextdc Ltd(NXT.AU$ surged 13% a day after releasing its H1 earnings. Accounting software provider $Xero Ltd(XRO.AU$ added 4.4% on the eve of its latest investor day.
The financial sector lost 0.45%. Bank stocks retreated, with $ANZ Group Holdings Ltd(ANZ.AU$, $National Australia Bank Ltd(NAB.AU$, $Westpac Banking Corp(WBC.AU$ and $CommBank(CBA.AU$ losing between 0.1% and 1.0%.
The materials sector was flat.
S&P/ASX 200 Movers for Wednesday (Feb/28)
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 (Feb/28)
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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