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ASX 200 Closes 0.3% Lower, Utilities down 1.5%

Published 16/11/2022, 04:59 pm
Updated 16/11/2022, 05:02 pm
© Reuters

© Reuters

By Oliver Gray 

Investing.com - The S&P/ASX 200 lost 19.4 point or 0.3% to 7,122.2 during Wednesday’s trade, extending declines for the third consecutive as risk sentiment soured after a blast in Poland killed two people.

Among stocks, Utilities and Consumer Discretionary led the declines, down 1.5% and 1.3% respectively.  Origin Energy Ltd (ASX:ORG) fell 1.2%, Genesis Energy Ltd (ASX:GNE) lost 0.4% and AGL Energy Ltd (ASX:AGL) fell 0.9%.

JB Hi-Fi Ltd (ASX:JBH) fell 0.5%, Domino's Pizza Enterprises Ltd (ASX:DMP) lost 2.8%, Aristocrat Leisure Ltd (ASX:ALL) shed 5% and Wesfarmers Ltd (ASX:WES) lost 0.5%

Financials also finished down 1% with Macquarie Group Ltd (ASX:MQG) down 0.9%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) falling 0.3%, Commonwealth Bank Of Australia (ASX:CBA) down 1.8%, National Australia Bank Ltd (ASX:NAB) down 0.6% and Westpac Banking Corp (ASX:WBC) falling 0.5%.

On the data front, Q3 wage price index data came in at 1%, ahead of 0.9% expected and advancing from the previous period's reading of 0.8%.

On the bond markets, Australia 10-Year rates were at 3.733% while United States 10-Year yield were at 3.824%.

In New Zealand, the NZX 50 fell 0.1% to 11,230.6.

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