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AU Evening Wrap: ASX Has Worst Start to the Year Since 2007

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Moomoo News AU joined discussion · Jan 5 15:19
The Australian sharemarket rounded out its worst start to the year in more than a decade on Friday, as the broad rally staged in the final months of 2023 lost steam.
$S&P/ASX 200 (.XJO.AU)$ ended 0.1% lower at 7489.1, notching its third straight day of losses.
The benchmark index was dragged by the technology sector, which fell 2.1%. That was in line with weakness in U.S. tech stocks, which have fallen for five consecutive sessions. $WiseTech Global Ltd (WTC.AU)$ lost 3.8%, $Megaport Ltd (MP1.AU)$ fell 2.6% and $Life360 Inc (360.AU)$ declined 2.3%.
It was a better day for financial shares, with the sector rising 0.9%. $Magellan Financial Group Ltd (MFG.AU)$ climbed 2.9%, while $Challenger Ltd (CGF.AU)$ gained 3.0% and was one of the day's best-performing stocks. The major banks rose between 0.3% and 1.4%.
$Core Lithium Ltd (CXO.AU)$ was the worst performer, with the stock falling 12% after the company said it will temporarily suspend mining operations.
The benchmark closed out its first week of the new year down 1.3%, after rallying more than 7% last month on hopes that central banks would begin cutting interest rates sooner than expected. The week marked the benchmark's worst first-week performance since 2007.
S&P/ASX 200 Movers for Friday (Jan/5)
AU Evening Wrap: ASX Has Worst Start to the Year Since 2007
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 (Jan/5)
AU Evening Wrap: ASX Has Worst Start to the Year Since 2007
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
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