By Oliver Gray
Investing.com - The S&P/ASX 200 finished Tuesday’s session just 5.1 points higher at 6.998.1 as Reserve Bank of Australia policymakers delivered a 50 basis point rate hike, while Appen Ltd (ASX:APX) and Credit Corp Group Ltd (ASX:CCP) tumbled after reporting earnings results.
Among stocks, Real Estate companies led the losses, down 1.6% collectively as Charter Hall Group (ASX:CHC) fell 1.8%, Goodman Group (ASX:GMG) lost 1.1%, Mirvac Group (ASX:MGR) down 2.3% and Stockland Corporation Ltd (ASX:SGP) falling 1.8%.
Consumer Discretionary added 1.5% overall with Domino's Pizza Enterprises Ltd (ASX:DMP) gained 2.4%, Tabcorp Holdings Ltd (ASX:TAH) lifted 2%, Aristocrat Leisure Ltd (ASX:ALL) gained 0.3%, Wesfarmers Ltd (ASX:WES) lifted 1.8% and JB Hi-Fi Ltd (ASX:JBH) added 3.1%.
Materials dipped 1.1% as Rio Tinto Ltd (ASX:RIO) fell 1.6%, BHP Billiton Ltd (ASX:BHP) lost 1.3%, Champion Iron Ltd (ASX:CIA) fell 5.4% and Fortescue Metals Group Ltd (ASX:FMG) dipped 1.7%.
Financials added 0.8% as Australia and New Zealand Banking Group Ltd (ASX:ANZ) lifted 0.3%, Commonwealth Bank Of Australia (ASX:CBA) gained 0.9%, National Australia Bank Ltd (ASX:NAB) added 1.2%, Westpac Banking Corp (ASX:WBC) lifted 1.6% while Macquarie Group Ltd (ASX:MQG) fell 0.6%.
Meantime, Appen Ltd (ASX:APX) tanked 27.3% as H1 earnings fell 69% to $US8.9 million while revenue dropped 7% to $US182.9 million.
Credit Corp Group Ltd (ASX:CCP) also retreated 5.4% after forecasting 2023 profit between $90 million-$97 million, while posting a 9% per cent rise in post-tax profits.
On the bond markets, Australia 10-Year rates were at fresh 4-month lows of 3.007% while United States 10-Year yields were at 2.55%.
In New Zealand, the NZX 50 added 0.1% to 11,532.5.