AU Evening Wrap: Bond proxies lead rebound as miners sink

Moomoo News AU wrote a column · Jun 23, 2022 14:54

G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed up Thursday, gaining 19.90 points or 0.31% to 6,528.40.
• Top gainers: $Genesis Energy Ltd (GNE.AU)$, $Johns Lyng Group Ltd (JLG.AU)$, $Goodman Group (GMG.AU)$
• Top losers: $Latitude Group Holdings Ltd (LFS.AU)$, $Liontown Resources Ltd (LTR.AU)$, $Champion Iron Ltd (CIA.AU)$
- moomoo News AU

Aussie stocks logged their second rise in three days as a decline in bond yields encouraged buyers to scoop up companies offering superior returns.

The $S&P/ASX 200 (.XJO.AU)$ climbed 20 points or 0.31 per cent.

Today's rally was only the second in a two-week spell that knocked the index down 11 per cent from above 7200 to as low as 6407. Today's close at 6528 was the strongest in a week.

Property was back in vogue following a horror six months. A guidance upgrade from $Growthpoint Properties Australia (GOZ.AU)$ gave the sector a shot in the arm. The industrial and office investment trust raised its guidance for funds from operations to at least 27.7 cents per share. The share price responded by rising 2.95 per cent.

$Goodman Group (GMG.AU)$ climbed 4.87 per cent. $Centuria Industrial REIT (CIP.AU)$ added 4.21 per cent, $Arena REIT (ARF.AU)$ 3.45 per cent and $BWP Trust (BWP.AU)$ 3.08 per cent.

The bulk metal majors tested multi-week lows before iron ore turned higher for the first time in ten sessions. The most-traded futures contract on the Dalian Commodity Exchange was up 1.6 per cent by the Australian close.

$Fortescue Ltd (FMG.AU)$ halved its decline to 2.1 per cent. $Rio Tinto Ltd (RIO.AU)$ shed 1.79 per cent and $BHP Group Ltd (BHP.AU)$ 1.29 per cent. $Champion Iron Ltd (CIA.AU)$ gave up 7.3 per cent.

S&P/ASX 200 Movers for Thursday (23/6)

AU Evening Wrap: Bond proxies lead rebound as miners sink

How to find the above information in moomoo app:

1. Open moomoo app

2. Search for and tap on ".XJO"

3. Roll down to see "Constituent Stocks"

4. You can filter the list based on "%Chg"

10 Top-Traded AU Stocks for Thursday (23/6)

How to find the above information in moomoo app:

1. Open moomoo app

2. Tap your finger on "Market" and "AU"

3. Roll down and tap on "Main Board"

4. You can filter the list based on "Turnover"

Source: Dow Jones Newswires, The Market Herald

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