Australia stock market finished session opposite side of neutral line on Friday, 28 October 2022, snapping a four-day winning streak, as weak iron ore prices due to fresh COVID lockdowns in China weighed down materials and energy stocks. At closing bell, the benchmark S&P/ASX200 index was down 59.41 points, or 0.87%, to 6,785.72. The broader All Ordinaries index declined 68.80 points, or 0.98%, to 6,973.52. The top performing stocks in S&P/ASX200 index were QUBE HOLDINGS and VICINITY CENTRES, up 8.4% and 7% respectively. The bottom performing stocks in S&P/ASX200 index were BRAINCHIP HOLDINGS and IMUGENE, down 21.2% and 13.2% respectively. Shares of materials and resources declined as iron ore prices declined due to fresh COVID lockdowns in China on mounting concerns about global steel demand and Chinas economy, which has been hit by Covid-19 curbs and a property sector downturn. Mining giants Rio Tinto, BHP Group and Fortescue fell between 4.4% and 8.2%. Energy stocks fell as oil prices declined after top crude importer China widened its Covid-19 curbs. Shares of ol and Beach Energy were down 1.4% and 0.6%, respectively. Financials bucked the trend, with the big four banks climbing between 0.3% and 0.9%.Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.