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.
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)
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)
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
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