By Oliver Gray
Investing.com - The S&P/ASX 200 lost 15.9 points or 0.2% to 7,417.8 during Monday’s trade, extending last week’s declines of 1.6% and trading at 4-week lows as mixed earnings results sapped risk appetite.
Among reporting companies, JB Hi-Fi Ltd (ASX:JBH) fell 5.1% after reporting slowing sales growth.
Aurizon Holdings Ltd (ASX:AZJ) fell 6.5% after a 4% reduction in EBITDA guidance for FY23.
Appen Ltd (ASX:APX) sank 15.4% after news that the company expects to recognise a non-cash, pre-tax impairment charge of $204.3 million ahead of its full year results later in the month.
Star Entertainment Group Ltd (ASX:SGR) also plunged 20.4% to record lows after the company flagged an earnings hit of up to A$1.6 billion.
Meantime, the energy sector lifted 1.8% overall, with Santos Ltd (ASX:STO) up 1.7%, Woodside Energy Ltd (ASX:WDS) adding 2.1% and Viva Energy Group Ltd (ASX:VEA) up 1.4%.
On the bond markets, Australia 10-Year rates were just below 5-week highs of 3.759%.
In New Zealand, the NZX 50 fell 0.9% to 12,075.2.