AU Evening Wrap: Australia Shares Lose 0.6% in Fifth Straight Decline
$S&P/ASX 200 (.XJO.AU)$ closed 0.6% lower at 7346.5, slipping to a fifth straight decline amid weakness in commodity and real-estate stocks.
Iron-ore giant $BHP Group Ltd (BHP.AU)$ led the heavyweight materials sector 1.1% lower after signaling that it could write down the value of its nickel assets. BHP, Australia's largest listed company by market capitalization, fell 1.8%.
Lithium miner $Liontown Resources Ltd (LTR.AU)$ shed 11% after $Albemarle (ALB.US)$ sold its stake in its former takeover target.
The real-estate sector lost 2.3% amid continued uncertainty over the timing of interest-rate cuts.
Nine of 11 sectors closed in the red as the benchmark index stretched its losses so far this week to 2.0%, putting it on course for its worst week since October. The outliers were financials and consumer discretionaries, which edged 0.1% and 0.3% higher, respectively.
S&P/ASX 200 Movers for Thursday (Jan/18)
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 (Jan/18)
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
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