Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Australian Shares Slip 0.1%, Woolworths Slides after Update

Stock Markets Dec 14, 2021 11:21
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
AU10Y...
-1.14%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
COL
-1.38%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
APT
0.00%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WTC
-5.59%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SQ
-1.63%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ZIP
-2.14%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Oliver Gray

Investing.com - The S&P/ASX 200 lost 9.20 points or 0.12% to 7,370.10 in Tuesday trade, retracing gains of 0.3% in the previous session following a negative lead on Wall Street as investors remained cautious ahead of a key Federal Reserve meeting due later in the week, while major supermarket stocks fell after a disappointing trading update from Woolworths.

ASX 200 Futures were pointing 0.39% higher.

Among stocks, Woolworths Ltd (ASX:WOW) was down 9.42% and Coles Group Ltd (ASX:COL) shed 4.09% following a disappointing trading update from Woolworths which revealed COVID had weighed heavily on earnings during the first half.

BNPL stocks moved lower, with Zip Co Ltd (ASX:Z1P) down 1.22%, while Afterpay Touch Group Ltd (ASX:APT) dropped 3.87% after shareholders voted unequivocally to approve its acquisition by Block Inc (NYSE:SQ). However, Ioupay Ltd (ASX:IOU) added 1.52%

The real estate sector extended gains, with Mirvac Group (ASX:MGR) up 0.68%, Charter Hall Group (ASX:CHC) gaining 5.28%, Goodman Group (ASX:GMG) up 1.76% and Stockland Corporation Ltd (ASX:SGP) adding 1.59%.

Tech also moved higher amid lower long term bond yields, with Appen Ltd (ASX:APX) up 0.39%, Xero Ltd (ASX:XRO) adding 1.47%, Wisetech Global Ltd (ASX:WTC) up 2.54% and Technology One Ltd (ASX:TNE) adding 0.63%

Meantime, Mesoblast Ltd (ASX:MSB) plummeted 15.88% after reports that Novartis has terminated its agreement with Mesoblast prior to closing.

On the bond markets, Australia 10-Year rates were near 2-month lows of 1.554% while United States 10-Year yields were at 1.426%.

In New Zealand, the NZX 50 was 0.41% lower at 12,942.

Australian Shares Slip 0.1%, Woolworths Slides after Update
 

Related Articles

Adobe Earnings, Revenue miss in Q4
Adobe Earnings, Revenue miss in Q4 By Investing.com - Oct 01, 2022 4

Investing.com - Adobe (NASDAQ:ADBE) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. Adobe announced...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email