AU Evening Wrap: ASX Drops 90 Points, Hits 10-week Low
G'day, mooers! Check out the latest news on today's stock market!
• Top gainers: $Link Administration Holdings Ltd (LNK.AU)$, $Paladin Energy Ltd (PDN.AU)$, $Deterra Royalties Ltd (DRR.AU)$
• Top losers: $Imugene Ltd (IMU.AU)$, $Allkem Ltd (AKE.AU)$, $Genesis Energy Ltd (GNE.AU)$
- moomoo News AU
The sharemarket fell more than 90 points on Thursday, after still-hawkish rhetoric from the US Federal Reserve sparked a broad sell-off.
The $S&P/ASX 200 (.XJO.AU)$ closed down 98.10 points, or 1.4 per cent, to 7065.2, its lowest level since July 10. The benchmark is now about 3 per cent down since the start of the week, after falling for four straight sessions.
All 11 sectors finished lower, with financials and energy sectors among the worst hit, down 1.7 per cent and 1.9 per cent, respectively. Oil and gas heavyweight $Woodside Energy Group Ltd (WDS.AU)$ dropped 2.6 per cent as the West Texas oil fell below $US89 a barrel.
$CommBank (CBA.AU)$, $National Australia Bank Ltd (NAB.AU)$, $ANZ Group Holdings Ltd (ANZ.AU)$ and $Westpac Banking Corp (WBC.AU)$ all tumbled more than 1.5 per cent, with Westpac the worst hit of the big four, dropping 2.5 per cent. The healthcare, real estate and materials sectors also fell more than 1 per cent.
In company news, $Transurban Group (TCL.AU)$ dropped 3.7 per cent after the ACCC blocked its bid for Melbourne's EastLink toll road.
The regulator also raised concerns about BSW operator $Endeavour Group Ltd (EDV.AU)$'s proposed buyout of Thirsty Camel operator Rye Hotels. The shares slid 1 per cent to $5.21.
Shares in $Qantas Airways Ltd (QAN.AU)$ dipped 0.4 per cent to $5.31 and hit its lowest in 11 months. Chairman Richard Goyder said during a TV interview he was not stepping away from his position at the embattled airline and that major shareholders were "supportive". Shares have plunged 10 per cent this month.
$Fonterra Shareholders Fund (FSF.AU)$ gained 4.5 per cent after the New Zealand dairy giant unveiled a full-year dividend of 50¢ a share, including interim dividend of 10¢ a share.
$BrainChip Holdings Ltd (BRN.AU)$ fell 11.1 per cent, adding to steep losses after the company dropped out of the S&P/ASX 200 on Monday.
Financial services provider $Thorn Group Ltd (TGA.AU)$ gained 2.7 per cent after Bermuda-based Somers put forward a revised $1.17 per share buyout offer, following the sale of Thorn's asset portfolio to fellow ASX-lister $Resimac Group Ltd (RMC.AU)$ for $16.7 million.
S&P/ASX 200 Movers for Thursday (21/9)
![AU Evening Wrap: ASX Drops 90 Points, Hits 10-week Low](https://ausnsimg.moomoo.com/feed_image/151000101/7ea9f004873b3b23a900f37a79ebdf85.png/bigmoo)
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 (21/9)
![AU Evening Wrap: ASX Drops 90 Points, Hits 10-week Low](https://ausnsimg.moomoo.com/feed_image/151000101/1529eda3302131988c5c7b07959d95b3.png/bigmoo)
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, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment