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AU Evening Wrap: Win runs ends at six as bond yields rebound

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Moomoo News AU wrote a column · Aug 3, 2022 14:45
G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed lower Wednesday, dropping 22.20 points or 0.32% to 6,975.90 after setting a new 20-day high.
• Top gainers: $Pinnacle Investment Management Group Ltd (PNI.AU)$ $Novonix (NVX.AU)$ $Lynas Rare Earths Ltd (LYC.AU)$
• Top losers: $Centuria Industrial REIT (CIP.AU)$ $The Star Entertainment Group Ltd (SGR.AU)$ $ASX Ltd (ASX.AU)$
- moomoo News AU
The share market fell for the first time in seven sessions after US central bank officials dismissed speculation about a slowdown in rate hikes.
The $ASX Ltd (ASX.AU)$ declined 22 points or 0.32 per cent to 6976.
Gains in tech stocks and some of the major miners were outweighed by falls in consumer stocks, utilities and banks.
$Pinnacle Investment Management Group Ltd (PNI.AU)$ jumped 12.21 per cent after increasing its full-year profit and raising its dividend despite "difficult market conditions". The asset manager's net profit after tax improved 14 per cent to $76.4 million. Shareholders will receive a fully-franked final dividend of 17.5 cents per share, an increase of 3 per cent.
Expansion plans helped boost rare earths miner $Lynas Rare Earths Ltd (LYC.AU)$ 7.55 per cent. The firm announced a $500 million project to increase capacity at its Mt Weld mine and concentration plant to meet strong demand.
Lithium miner $Pilbara Minerals Ltd (PLS.AU)$ climbed 2.19 per cent after its latest spodumene concentrate auction attracted 67 bids and a price of US$6,350/dmt. Lake Resources gained 10.56 per cent.
A further delay in the replacement of the aging CHESS computer system used to manage share transactions helped drive the exchange operator $ASX Ltd (ASX.AU)$ down 3.39 per cent. The company said more development was required, pushing the go-live date to late 2024 at the earliest.
$Charter Hall Retail REIT (CQR.AU)$ retreated 1.72 per cent after acquiring 18 service stations in New Zealand for $101.7 million.
S&P/ASX 200 Movers for Wednesday (3/8)
AU Evening Wrap: Win runs ends at six as bond yields rebound
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 Wednesday (3/8)
AU Evening Wrap: Win runs ends at six as bond yields rebound
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
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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