AU Evening Wrap: Financial year ends with auction plunge

Moomoo News AU wrote a column · Jun 30, 2022 15:13

G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed sharply lower Thursday, dropping 132.10 points or 1.97% to 6,568.10.
• Top gainers: $APM Human Services International Pty (APM.AU)$, $Magellan Global Fund (MGF.AU)$, $Yancoal Australia Ltd (YAL.AU)$
• Top losers: $Coronado Global Resources Inc (CRN.AU)$, $Liontown Resources Ltd (LTR.AU)$, $Abacus Property Group (ABP.AU)$
- moomoo News AU

The share market declined for a second day as the curtain fell on a financial year that delivered a record high for Australian stocks, followed by a sharp technical correction.

The $S&P/ASX 200 (.XJO.AU)$ fell 132 points or 1.97 per cent this afternoon. Heavy selling in the final closing auction of the financial year extended the benchmark's loss for FY22 to 10.2 per cent.

The index sank 12.4 per cent this quarter after retesting last year's all-time high in mid-April. This month alone stripped 8.9 per cent off the index.

Today's session saw early gains in traditional defensive havens fade by the close. Losses among the heavily-weighted financial and materials sectors were joined by declines in utilities and property stocks. Roughly a third of today's loss came in the closing auction.

Bond proxies – stocks offering similar safe, reliable returns – provided most of the rest of the advances as Australian yields fell to a three-week low. $Domino's Pizza Enterprises Ltd (DMP.AU)$ firmed 0.97 per cent, $Graincorp Ltd (GNC.AU)$ 0.96 per cent and $Sonic Healthcare Ltd (SHL.AU)$ 0.55 per cent.

Energy stocks pared three days of gains after Brent crude broke a three-session win run. $Beach Energy Ltd (BPT.AU)$ eased 3.63 per cent. $Woodside Energy Group Ltd (WDS.AU)$ dipped 2.99 per cent. $Santos Ltd (STO.AU)$ shed 1.59 per cent.

S&P/ASX 200 Movers for Thursday (30/6)

AU Evening Wrap: Financial year ends with auction plunge

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 (30/6)

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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