Market Overview
The S&P/ASX 200 closed lower on Friday, dropping 125.90 points or 1.39% to 8,917.60 after setting a new 50-day high. The session reflected broader Asia-Pacific weakness tracking sharp Wall Street losses on AI-related worries, with technology and healthcare sectors leading declines. Over the last five days, the index gained 2.40% despite the pullback.
Index & Breadth
The S&P/ASX 200 closed at 8,917.60, down 125.90 points or 1.39%.
Sectors
- Utilities +3.38%, buoyed by energy demand amid global volatility.
- A-REIT +0.99%, supported by real estate stability.
- Information Technology -5.06%, hit by AI disruption fears.
- Health Care -4.04%, pressured by sector sell-off.
- Consumer Discretionary -2.36%, reflecting consumer spending concerns.
Stock Highlights
Standout Gainers
- AMP AMP LIMITED +8.984% to 1.395, rebounding after prior earnings reaction.
- GQG GQG PARTNERS INC. +7.764% to 1.735, gaining on fund flows.
- ORG ORIGIN ENERGY LIMITED +5.043% to 12.080, lifted by energy sector rotation.
- NXT NEXTDC LIMITED +3.698% to 14.020, resilient amid tech weakness.
Underperformers
- ASB AUSTAL LIMITED -22.821% to 4.870, slammed on contract concerns.
- NCK NICK SCALI LIMITED -22.321% to 18.480, hurt by retail slowdown fears.
- COH COCHLEAR LIMITED -18.898% to 199.220, facing medical device headwinds.
- WTC WISETECH GLOBAL LIMITED -10.406% to 42.620, dragged by AI sector rotation.
Commodities & FX
Gold BUY $7,049.08/oz, Silver BUY $111.97/oz, Platinum BUY $2,946.38/oz, Palladium BUY $2,511.34/oz. AUD/USD at 0.7059. Precious metals held steady in AUD terms despite equity pressure.
Takeaways
- S&P/ASX 200 fell 125.90 points or 1.39% to 8,917.60 on Friday.
- Information Technology dropped 5.06%, worst performer, while Utilities rose 3.38%.
- ASB AUSTAL LIMITED plunged 22.821% to 4.870, leading decliners.
- AMP AMP LIMITED surged 8.984% to 1.395, top gainer.
- Index up 2.40% over five days, 2.17% off 52-week high.
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