AU Evening Wrap: Two-week low as rates fears weigh

Moomoo News AU wrote a column · Apr 12, 2022 02:15

G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed 0.4% lower at 7454.0
• Top gainers: $Meridian Energy Ltd(MEZ.AU)$, $Uniti Group Ltd(UWL.AU)$, $BlueScope Steel Ltd(BSL.AU)$
• Top losers: $Imugene Ltd(IMU.AU)$, $Pilbara Minerals Ltd(PLS.AU)$, $Zip(Z1P.AU)$
- moomoo News AU

Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.4% lower at 7454.0 after a volatile trading day ended with all sectors in the red. Health care stocks were pummelled, losing 1.4%, while technology stocks continued to drag on the benchmark, falling 0.9%.

$Imugene Ltd(IMU.AU)$ was the day's poorest performer, finishing 8.7% lower, while $ResMed Inc(RMD.AU)$ and $CSL Ltd(CSL.AU)$ lost 3.4% and 1.3%, respectively.

Buy-now-pay-later stock $Zip(Z1P.AU)$ retreated 5.7%, while $Appen Ltd(APX.AU)$ fell 3.1%. Still, $IRESS Ltd(IRE.AU)$ gained 1.7% after announcing it was ceasing the divestment of its U.K. mortgage business. $Pendal Group Ltd(PDL.AU)$ fell 0.2% after saying it would reject Perpetual's takeover offer. $City Chic Collective Ltd(CCX.AU)$ was another poor performer, finishing the day 7.9% lower.

S&P/ASX 200 Movers for Tuesday (4/12)