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ASX 200 extends declines as Energy leads losses

Published 29/11/2022, 10:56 am
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By Oliver Gray 

Investing.com - The S&P/ASX 200 fell 8.8 points or 0.1% to 7,220.3 after the first 80 minutes of Tuesday’s trade, extending losses of 0.5% in the previous session as risk sentiment was battered by growing protests in China and hawkish commentary from FOMC members Bullard and Williams overnight.

ASX 200 Futures were trading 0.1% lower.

Among stocks, Energy was down 1.3% as crude oil prices remained under pressure, with Santos Ltd (ASX:STO) falling 1.2% and South32 Ltd (ASX:S32) dipping 0.8%. Woodside Energy Ltd (ASX:WDS) fell 2.8% the company after released lower-than-expected production guidance for 2023.

Consumer Discretionary declined 0.9% following declining retail sales figures yesterday, with JB Hi-Fi Ltd (ASX:JBH) down 1.4%, Domino's Pizza Enterprises Ltd (ASX:DMP) falling 3.5%, Tabcorp Holdings Ltd (ASX:TAH) down 1.9% and Aristocrat Leisure Ltd (ASX:ALL) slipping 0.8%.

Collins Foods Ltd (ASX:CKF) shed 16.9% after reporting a declining half-year profits.

Real Estate also fell 0.5% with Mirvac Group (ASX:MGR) down 1.1%, Goodman Group (ASX:GMG) falling 1.1%, Charter Hall Group (ASX:CHC) down 0.8% and Scentre Group Ltd (ASX:SCG) losing 1.3%.

On the bond markets, Australia 10-Year rates were at 3.553% while United States 10-Year yields were at 3.685%.

In New Zealand, the NZX 50 added 1.4% to 11,469.4.

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