Market Overview
The S&P/ASX 200 closed lower Thursday, dropping 114.50 points or 1.31% to 8,629.00. The index has lost 3.48% for the last five days but is virtually unchanged over the last year to date. Global cues were mixed with Wall Street slipping overnight amid oil price volatility.
Index & Breadth
The S&P/ASX 200 closed at 8,629.00, down 114.50 points or 1.31%.
Sectors
- Energy +2.08% led gains amid oil price strength.
- Materials -1.60% weighed on the market.
- Information Technology -3.45% was the weakest sector.
- A-REIT -2.55% declined sharply.
- Health Care -1.48% underperformed.
Stock Highlights
Standout Gainers
- YAL YANCOAL AUSTRALIA LIMITED +10.458% to 7.710 rose on coal demand.
- WHC WHITEHAVEN COAL LIMITED +6.659% to 9.290 gained with energy strength.
- KAR KAROON ENERGY LTD +4.761% to 1.980 advanced on oil prices.
Underperformers
- IPX IPERIONX LIMITED -14.286% to 6.120 fell sharply in tech selloff.
- SDR SITEMINDER LIMITED -8.140% to 3.160 declined in booking weakness.
- CAT CATAPULT SPORTS LTD -7.796% to 3.430 dropped on sector pressure.
- TPW TEMPLE & WEBSTER GROUP LTD -7.703% to 6.830 retreated in retail.
Commodities & FX
Gold buy price $7,271.04/oz, silver 123.99/oz, platinum $3,128.06/oz, palladium $2,462.47/oz. AUD/USD at 0.7119. Precious metals held firm amid global uncertainty.
Takeaways
- S&P/ASX 200 down 114.50 points or 1.31% to 8,629.00.
- Energy +2.08% topped sectors, Information Technology -3.45% lagged.
- IPX -14.286% led declines, YAL +10.458% topped gains.
- Five-day loss of 3.48% for the index.
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