AU Evening Wrap: US rates warning drive stocks sharply lower
G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed sharply lower Thursday, dropping 128.80 points or 1.84% to 6,857.90 after setting a new 20-day high.
• Top gainers: $Downer EDI Ltd (DOW.AU)$ $The a2 Milk Co Ltd (A2M.AU)$ $Genesis Energy Ltd (GNE.AU)$
• Top losers: $Domino's Pizza Enterprises Ltd (DMP.AU)$ $Pendal Group Ltd (PDL.AU)$ $Lendlease Group (LLC.AU)$
- moomoo News AU
The armchair ride for investors over the last week and a half ended with a sharp reversal after the US's central bank warned interest rates were likely heading higher than market pricing implied.
After rising for seven of the last eight sessions, the $S&P/ASX 200 (.XJO.AU)$ dived 129 points or 1.84 per cent today. The fall was the heaviest since a 181-point plunge on September 14.
Ten of eleven sectors declined. Miners, consumer stocks and utilities led the retreat. Just nine of the index's component companies gained more than 1 per cent.
Fund manager $Perpetual Ltd (PPT.AU)$ jumped 7.14 per cent to $28.82 after rejecting an unsolicited takeover offer from a consortium including Regal Partners. Shares in $Regal Partners Ltd (RPL.AU)$ rallied 4.48 per cent.
Fund manager $Perpetual Ltd (PPT.AU)$ jumped 7.14 per cent to $28.82 after rejecting an unsolicited takeover offer from a consortium including Regal Partners. Shares in $Regal Partners Ltd (RPL.AU)$ rallied 4.48 per cent.
$The a2 Milk Co Ltd (A2M.AU)$ rose 4.17 per cent after gaining clearance from the US regulator to import infant milk formula into the US.
S&P/ASX 200 Movers for Thursday (3/11)
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"
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 (3/11)
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"
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.
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