By Oliver Gray
Investing.com - The S&P/ASX 200 fell 15.90 points or 0.22% to 7,278.50 during Monday’s trade, snapping 3 days of consecutive gains as declining industrial and health care sectors dampened investor sentiment.
Among stocks, Industrials led the declines, down 1.24% collectively as Transurban Group (ASX:TCL) fell 2.43%, Reece Ltd (ASX:REH) lost 1.06%, Auckland International Airport Ltd (ASX:AIA) fell 2.21% and Atlas Arteria (ASX:ALX) shed 3.73%.
Health Care declined 1.04% overall as CSL Ltd (ASX:CSL) dipped 1.47%, Sonic Healthcare Ltd (ASX:SHL) lost 0.2%, Fisher & Paykel Healthcare Ltd (ASX:FPH) fell 0.27%, Resmed Inc DRC (ASX:RMD) lost 0.46% and Pro Medicus Ltd (ASX:PME) declined 0.71%.
Information Technology finished 2.46% higher however, with Block Inc (ASX:SQ2) up 9.42%, Appen Ltd (ASX:APX) adding 1.15%, Megaport Ltd (ASX:MP1) up 0.46%, Link Administration Holdings Ltd (ASX:LNK) adding 1.18% and Altium Ltd (ASX:ALU) gaining 1.99%.
S&P/ASX 200 Financials finished 0.56% lower, with National Australia Bank Ltd (ASX:NAB) down 0.99%, Westpac Banking Corp (ASX:WBC) falling 0.46% and Commonwealth Bank Of Australia (ASX:CBA) down 0.21%.
Meantime, Magellan Financial Group Ltd (ASX:MFG) declined 4.8% after Hamish Douglass relinquished his seat on group’s board, as part of his indefinite leave of absence since stepping away from the chief investment officer role last month.
On the bond markets, Australia 10-Year rates were at 39-month highs of 2.574% while United States 10-Year yields were at 2.155%.
In New Zealand, the NZX 50 finished little changed at 12,178.