Australia Market tumbles 1.26%

10 Jun 2022 , 05:06 PM

Australian share market finished session significantly lower on Thursday, 09 June 2022, giving up all the gains in the previous session, following falls on Wall Street overnight. Meanwhile renewed COVID-19 measures in Beijing also fuelled selloff. At closing bell, the benchmark S&P/ASX200 decreased by 88.07 points, or 1.26%, to 6,931.98. The broader All Ordinaries index declined by 95.24 points, or 1.32%, to 7,145.17. All 11 sectors ended lower along with the S&P/ASX 200 Index, with the Financials sector posted its fifth straight decline after it lost another 1.6%. Mining stocks also weighed on the index after Shanghai reintroduced Covid-19 lockdowns, putting pressure on the demand prospects of commodities. The top performing stocks in this index were XERO and HEALIUS, up 4% and 2.1% respectively. The bottom performing stocks in this index were POINTSBET HOLDINGS and SIMS, down 5.8% and 5.8% respectively. CURRENCY NEWS: The Australian dollar was at $0.713 following a recent drop from above $0.714. Powered by Capital Market – Live News