AU Evening Wrap: Australia Shares Close 0.2% Lower, Dragged by Banks
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.2% lower at 7713.6, with bank stocks proving a drag as the Reserve Bank of Australia appeared to be holding back on offering meaningful guidance to markets on the direction of interest rates. The ASX 200 is down 1.7% so far this week.
The materials sector was the strongest, rising 1.9%.
Financials were one of the biggest drags on the benchmark, with the sector dropping 1.9%. The major lenders fell between 1.1% and 3.8%, with $ANZ Group Holdings Ltd (ANZ.AU)$ and $Westpac Banking Corp (WBC.AU)$ dropping by the most. $Macquarie Group Ltd (MQG.AU)$ shed 1.1%, while regional lenders $Bendigo and Adelaide Bank Ltd (BEN.AU)$ and $Bank of Queensland Ltd (BOQ.AU)$ lost 1.5% each.
Australia-focused insurers $Insurance Australia Group Ltd (IAG.AU)$ and $Suncorp Group Ltd (SUN.AU)$ finished the day in the green, rising 1.0% and 0.3%, respectively.
S&P/ASX 200 Movers for Thursday (Mar/14)
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 (Mar/14)
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.
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Peterson111 : I hold PSI which is a lucky choice.
Wealthy Leio : Any more drops this afternoon and I'm going to be pissed.