$S&P/ASX 200 (.XJO.AU)$closed 0.3% lower at 7590.8 but ended the year with a fifth consecutive weekly gain that rounded out a positive end to 2023 as investors anticipate interest-rate cuts next year. Friday's gain completed the index's 7.8% increase over 2023, compared with a 5.5% decline for the previous year.
Most sectors finished the day in the red, with the losses led by the energy sector, which gave up 0.9%.
Utilities and telecom services were the only positive sectors, rising 0.6% and 0.1%, respectively.
The major banks lost between 0.1% and 0.5% despite rallying through December on rate-cut sentiment.
Large caps also struggled, with most of the top 10 largest stocks on Australia's benchmark index ending the session lower.
Retailers Woolworths was flat, while Coles added 0.1%. For the final trading week of 2023, the ASX 200 index rose 1.2%.
S&P/ASX 200 Movers for Friday (Dec/29)
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 Friday (Dec/29)
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, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more