AU Evening Wrap: ASX Falls 0.3% After Stronger-Than-Expected Wages Growth
G'day, mooers! Check out the latest news on today's stock market!
• ASX 200 closed lower Wednesday, dropping 19.40 points or 0.27% to 7,122.20.
• Top gainers: $Sandfire Resources Ltd (SFR.AU)$ $Whitehaven Coal Ltd (WHC.AU)$ $Pendal Group Ltd (PDL.AU)$
• Top losers: $Imugene Ltd (IMU.AU)$ $Evolution Mining Ltd (EVN.AU)$ $Aristocrat Leisure Ltd (ALL.AU)$
- moomoo News AU
Australian shares fell for a third day after stronger-than-expected wages growth firmed up the case for another interest rate hike next month.
The $S&P/ASX 200 (.XJO.AU)$ declined 19 points or 0.27 per cent to 7122. The market has been in gentle decline all week following three weeks of gains.
The $S&P/ASX 200 (.XJO.AU)$ declined 19 points or 0.27 per cent to 7122. The market has been in gentle decline all week following three weeks of gains.
Advances today in select resource stocks and real estate investment trusts were overshadowed by declines in banks, utilities and consumer stocks.
$Nufarm Ltd (NUF.AU)$ popped 8.86 per cent on news it expects to meet or beat its revenue target for the 2026 financial year as soon as this fiscal year.
$Sezzle Inc (SZL.AU)$ climbed 14.95 per cent as improved revenues helped the payment platform edge closer to profitability.
Lithium miners were mixed following heavy losses yesterday as lithium prices retreated. $Allkem Ltd (AKE.AU)$ bounced 2.39 per cent today. $Lake Resources NL (LKE.AU)$ fell 1.38 per cent. $Liontown Resources Ltd (LTR.AU)$ dropped 3.41 per cent. $Core Lithium Ltd (CXO.AU)$ shed 5.41 per cent.
The big four banks lost between 0.29 and 1.78 per cent. $Telstra Group Ltd (TLS.AU)$ shed 1.03 per cent, $CSL Ltd (CSL.AU)$ 0.46 per cent and $Wesfarmers Ltd (WES.AU)$ 0.45 per cent.
$Sezzle Inc (SZL.AU)$ climbed 14.95 per cent as improved revenues helped the payment platform edge closer to profitability.
Lithium miners were mixed following heavy losses yesterday as lithium prices retreated. $Allkem Ltd (AKE.AU)$ bounced 2.39 per cent today. $Lake Resources NL (LKE.AU)$ fell 1.38 per cent. $Liontown Resources Ltd (LTR.AU)$ dropped 3.41 per cent. $Core Lithium Ltd (CXO.AU)$ shed 5.41 per cent.
The big four banks lost between 0.29 and 1.78 per cent. $Telstra Group Ltd (TLS.AU)$ shed 1.03 per cent, $CSL Ltd (CSL.AU)$ 0.46 per cent and $Wesfarmers Ltd (WES.AU)$ 0.45 per cent.
S&P/ASX 200 Movers for Wednesday (16/11)
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 Wednesday (16/11)
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, The Market Herald
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