Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
ASX 200 Adds 0.4% at the Close While Tech Sinks
© Reuters.
By Oliver Gray
Investing.com - The S&P/ASX 200 added 26.4 points or 0.4% to 7,155.2 during Wednesday’s trade, as global growth fears saw investors rotate into gold miners while major technology companies continued to suffer.
Among stocks, Materials were the most improved, up 0.6% as St Barbara Ltd (ASX:SBM) lifted 2.9%, Gold Road Resources Ltd (ASX:GOR) added 2.7%, Northern Star Resources Ltd (ASX:NST) lifted 2.5% and Perseus Mining Ltd (ASX:PRU) gained 4.5%. Meantime, Rio Tinto Ltd (ASX:RIO) added 1.4%, Fortescue Metals Group Ltd (ASX:FMG) slipped 0.4% and BHP Billiton Ltd (ASX:BHP) dipped 10% as the company traded ex-dividend.
Consumer Staples lifted 1.5% as Woolworths Ltd (ASX:WOW) added 1.9%, Coles Group Ltd (ASX:COL) gained 2%, Metcash Ltd (ASX:MTS) added 2.1% and Inghams Group Ltd (ASX:ING) added 2.2%.
Financials finished 0.8% higher with Australia and New Zealand Banking Group Ltd (ASX:ANZ) up 1%, National Australia Bank Ltd (ASX:NAB) lifted 1.8% Westpac Banking Corp (ASX:WBC) added 1.4% and Commonwealth Bank Of Australia (ASX:CBA) gained 1%.
Costa Group Holdings Ltd (ASX:CGC) also surged 8.6% issuing a trading update and forecasting a lift in earnings.
Information Technology lost 3% collectively with Block Inc (ASX:SQ2) down 4.5%, Appen Ltd (ASX:APX) dipping 4.6%, Megaport Ltd (ASX:MP1) down 5.4%, Novonix Ltd (ASX:NVX) falling 3.8% and Brainchip Holdings Ltd (ASX:BRN) down 8.7%.
On the bond markets, Australia 10-Year rates were at 3.235% while United States 10-Year yields were at 2.754%.
In New Zealand, the NZX 50 added 0.7% to 11,173.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.