AU Evening Wrap | ASX 200 says 'Farewell' to 2024 with last session in red
$S&P/ASX 200 (.XJO.AU)$ fell 0.92% to 8,159.10 in Tuesday's shortened final session of 2024, echoing Wall Street's decline. Investors showed caution due to concerns about the US tech rally's sustainability, Federal Reserve policy, and China's economy.
Market sectors showed a mixed performance today. The majority of sectors, specifically 9 out of 11, closed in negative territory, mirroring the overall decline in the S&P/ASX 200 Index. Energy stood out as the day's top performer, bucking the trend with a 0.47% gain. This sector has also shown strength over the past week, accumulating a 1.83% increase over the last five trading days.
$Beacon Minerals Ltd (BCN.AU)$ dropped 4.35% to A$0.022, while $Astral Resources NL (AAR.AU)$ fell 3.57% to A$0.135. Beacon agreed to sell its 11.99% stake in $Maximus Resources Ltd (MXR.AU)$ to Astral, exchanging 51.3 million MXR shares for 24.5 million Astral shares.
Major banks saw declines amid a reminder for consumers to update mobile wallet debit cards by 2025. $ANZ Group Holdings Ltd (ANZ.AU)$ fell 0.8% to A$28.54, $Westpac Banking Corp (WBC.AU)$ dipped 0.71% to A$32.32, $National Australia Bank Ltd (NAB.AU)$ decreased 0.8% to A$37.10, and $CommBank (CBA.AU)$ slid 1.18% to A$153.25. Australian Payments Plus and the ABA are leading the push for this digital update.
Source: AFR, ASX, Dow Jones Newswires
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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ces short : 2025 bull or bear!
Blue Chips n Dip : it will say "hello" to the red in 2025, the ASX is a joke, it lives in the red
151825295 : Finishing in red.. thats one last f$%k you from instos to retail for the year. If only 2025 is the year instos got investigated for the manipulation, doubt will happen Asic well in the pockets. ASX, markets in general corruption incarnate.
SnowVested ces short : if you read some, Jan is the tax write off month, selling to cover the capital gains with losses.
but hey, could be Americans selling off the ASX to buy more American s an p