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AU Evening Wrap: Australia Shares Close 0.1% Higher as GDP Shows Slowing

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Moomoo News AU wrote a column · Mar 6 15:32
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.1% higher at 7733.5, after new data showed the country's economy continued to slow in the final months of 2023, adding to concerns that a hard landing is coming.
Technology stocks were a drag on the market, falling 1.4%, but this was partly offset by a strong outing from the financials sector.
Fund manager $Magellan Financial Group Ltd (MFG.AU)$ was the best performer, rising 7.9% after reporting an on-month uptick in funds under management and a slowing in outflows.
The major banks rose between 1.0% and 1.2%. $Bank of Queensland Ltd (BOQ.AU)$ and $AMP Ltd (AMP.AU)$ rose 2.2% and 2.3%, respectively.
$IRESS Ltd (IRE.AU)$ was among the day's worst performing stocks, falling 6.0%.
Fellow tech stocks $Life360 Inc (360.AU)$ and $WiseTech Global Ltd (WTC.AU)$ lost 5.0% and 2.6%, respectively.
S&P/ASX 200 Movers for Wednesday (Mar/6)
AU Evening Wrap: Australia Shares Close 0.1% Higher as GDP Shows Slowing
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 Wednesday (Mar/6)
AU Evening Wrap: Australia Shares Close 0.1% Higher as GDP Shows Slowing
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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