Market Overview
The S&P/ASX 200 closed sharply lower Friday, dropping 180.40 points or 2.03% to 8,708.80 and setting a new 20-day low. The index has lost 1.81% for the last five days, but is virtually unchanged over the last year to date. Resource and tech sectors led the decline amid slumping commodity prices and negative overseas sentiment.
Index & Breadth
The S&P/ASX 200 closed at 8,708.80, down 180.40 points or 2.03%.
Sectors
- A-REIT -3.87%, pressured by broad market sell-off.
- Information Technology -3.36%, hit by global tech weakness.
- Telecommunications Services -2.76%, tracking broader declines.
- Energy -2.71%, weighed down by commodity price drops.
- Materials -2.62%, impacted by resource sector pressures.
Stock Highlights
Standout Gainers
- BXB Brambles Limited +3.477% to 23.510, advancing amid market downturn.
- RMD ResMed Inc +1.228% to 37.920, showing resilience in health care.
- PXA Pexa Group Limited +1.103% to 13.740, gaining on sector rotation.
Underperformers
- WEB Web Travel Group Limited -29.524% to 2.960, leading index decliners.
- DYL Deep Yellow Limited -12.000% to 2.200, hit by resource weakness.
- PDN Paladin Energy Ltd -10.923% to 11.010, pressured by energy sector fall.
- FLT Flight Centre Travel Group Limited -10.267% to 13.810, tracking travel peers lower.
Commodities & FX
Gold buy price $7,093.77/oz, silver buy price $118.45/oz, platinum buy price $2,900.79/oz, palladium buy price $2,496.22/oz. AUD/USD at 0.6953. Precious metals held steady while the local dollar reflected global commodity pressures.
Takeaways
- S&P/ASX 200 fell 180.40 points or 2.03% to 8,708.80.
- WEB dropped 29.52% to lead decliners, BXB rose 3.477% among gainers.
- A-REIT down 3.87%, Information Technology -3.36% as worst sectors.
- Index lost 1.81% over last five days.
- Gold at 7093.77/oz buy price, AUD/USD 0.6953.
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