AU Evening Wrap: ASX Falls 0.5%; Ardent Leisure Soars 13.5%
G'day, mooers! Check out the latest news on today's stock market!
• Top gainers: $Summerset Group Holdings Ltd (SNZ.AU)$, $GQG Partners Inc (GQG.AU)$, $Link Administration Holdings Ltd (LNK.AU)$
• Top losers: $Imugene Ltd (IMU.AU)$, $Tabcorp Holdings Ltd (TAH.AU)$, $South32 Ltd (S32.AU)$
- moomoo News AU
The Australian sharemarket extended losses from last week's sell-off due to weak consumer inflation data from China.
The benchmark $S&P/ASX 200 (.XJO.AU)$ index was down 0.5 per cent, or 38.3 points to 7004 at market close, its lowest since late March. It was weighed down by losses in 10 out of the 11 industry sectors.
It comes as China's consumer price index was unchanged last month from a year earlier, according to the National Bureau of Statistics, fuelling concerns about the threat of deflation.
Mining stocks were among the worst performers, down 0.7 per cent. It comes as iron ore futures traded lower on the Singapore exchange, down 1.9 per cent to $US107.5 a tonne on the July contract. $BHP Group Ltd (BHP.AU)$ shares dropped 1.1 per cent, $Fortescue Ltd (FMG.AU)$ lost 2 per cent and $Rio Tinto Ltd (RIO.AU)$ fell 1.1 per cent.
Consumer staples stocks also fell in the red. $Woolworths Group Ltd (WOW.AU)$ declined 1.1 per cent, $Treasury Wine Estates Ltd (TWE.AU)$ fell 1.7 per cent, $The a2 Milk Co Ltd (A2M.AU)$ shed 2.4 per cent and $Endeavour Group Ltd (EDV.AU)$ dropped 1 per cent.
$Ardent Leisure Group Ltd (ALG.AU)$ shares soared 13.5 per cent after a positive preliminary financial year 2023 update.
$GQG Partners Inc (GQG.AU)$ rallied 3.1 per cent following a boost to its funds under management for the month of June.
S&P/ASX 200 Movers for Monday (10/7)
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 Monday (10/7)
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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