The Australian share market finished lower for second straight session on Thursday, 24 June 2021, as risk sentiments subdued on following mixed lead from Wall Street overnight and on caution before upcoming remarks from U. S. Federal Reserve officials to get clues about when an initial interest rate hike and stimulus tapering would take place.
At closing bell, the benchmark S&P/ASX200 declined 23.15 points, or 0.32%, to 7,275.30.
The broader All Ordinaries decreased 13.03 points, or 0.17%, to 7,539.10.
Total 8 of 11 sectors ended lower along with the S&P/ASX 200 Index. healthcare was the worst performing sector, falling 1.8%, followed by energy (down 1.23%) financial (down 0.7%), telecommunication services (down 0.67%), industrials (down 0.68%), and utilities (down 0.65%) sectors, while information technology was the best performing sector (up 2.07%), consumer staples (up 1.91%), and materials (up 0.3%) sectors.
The best performing stocks in the S&P/ASX200 were Redbubble (up 7.1%), Pro Medicus (up 6.9%), Afterpay (up 6.18%), Kogan.com (up 5.9%), and Pilbara Minerals (up 3.7%), while the worst performing stocks were Woolworths Group (down 11.2%), Northern Star Resources (down 3.7%), Boral (down 3.6%), Charter Hall Group (down 3.1%), and CSL (down 2.6%).
Shares of travel and tourism stocks were mostly negative as the Sydney cluster grew by another 11 with the five new cases in the last 24 hours, with Flight Centre (FLT) down 0.1%, Webjet (WEB) flat, Sydney Airport (SYD) down 0.2%, while Qantas (QAN) dropped 1.9%.
Mining stocks were lower, with sector heavyweight BHP Group and top gold producer Newcrest Mining losing 2.5% and 2.9%, respectively.
Energy stocks dropped as oil prices weakened. Woolworths Group fell 2% after the industrial relations watchdog said it was suing the country's largest supermarket chain for underpaying staff.
Healthcare stocks gained. Drugmaker CSL was up 1.1%, while medical device maker Resmed Inc advanced 2.7%.
CURRENCY NEWS: The Australian dollar changed hands at $0.7578, above levels below $0.752 seen earlier in the week.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU