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ASX 200 Posts Third Consecutive Weekly Decline

Stock Markets Sep 30, 2022 16:40
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By Oliver Gray 

Investing.com - The S&P/ASX 200 lost 94.4 points or 1.4% to 6460.6 during Friday’s trade, declining 1.8% for the week and finishing at fresh 3-month lows.

Among stocks, Information Technology led declines, losing 2.7% as Block Inc (ASX:SQ2) shed 4.7%, Appen Ltd (ASX:APX) fell 4.3%, Megaport Ltd (ASX:MP1) lost 3.4% and Novonix Ltd (ASX:NVX) fell 2.8%.

Industrials also lost 3% as Transurban Group (ASX:TCL) fell 5.1%, Reece Ltd (ASX:REH) dipped 3.2% and Brambles Ltd (ASX:BXB) shed 2.2%.

Consumer Discretionary shed 2.7% JB Hi-Fi Ltd (ASX:JBH) fell 2.3%, Domino's Pizza Enterprises Ltd (ASX:DMP) lost 4.9%, Tabcorp Holdings Ltd (ASX:TAH) fell 2.1% and Wesfarmers Ltd (ASX:WES) shed 3%.

Financials fell 2.3% as Macquarie Group Ltd (ASX:MQG) fell 4.2%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) lost 2.4%, Commonwealth Bank Of Australia (ASX:CBA) dipped 2.6%, National Australia Bank Ltd (ASX:NAB) lost 1.6% and Westpac Banking Corp (ASX:WBC) fell 2.3%.

On the bond markets, Australia 10-Year yields were at 3.906% while United States 10-Year yields were at 3.75%.

In New Zealand, the NZX 50 lost 1.2% to 11,065.7.

ASX 200 Posts Third Consecutive Weekly Decline
 

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