Afternoon update: ASX down 0.18%, Tech standouts, Asian markets mixed

25Sep

Afternoon update: ASX down 0.18%, Tech standouts, Asian markets mixed

 

The S&P/ASX 200 is trading 0.18 per cent lower at 7,056.20.

Futures

The SPI futures are down 8 points.

Best and worst performers

The best-performing sector is Information Technology, up 1.04 per cent. The worst-performing sector is Materials, down 0.96 per cent.

The best-performing large cap is Whitehaven Coal (ASX:WHC), trading 3.26 per cent higher at $6.97. It is followed by shares in Yancoal Australia (ASX:YAL) and AGL Energy (ASX:AGL).

The worst-performing large cap is Pilbara Minerals (ASX:PLS), trading 3.53 per cent lower at $4.10. It is followed by shares in Mercury NZ (ASX:MCY) and Allkem (ASX:AKE).

Asian markets

Japan's Nikkei has gained 0.83 per cent.
Hong Kong's Hang Seng has lost 1.23 per cent.
China's Shanghai Composite has lost 0.09 per cent.

Commodities and the dollar

Gold is trading at US$1,942.70 an ounce.
Light crude is trading $0.15 higher at US$90.18 a barrel.
One Australian dollar is buying 64.25 US cents.
Copyright 2023 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

03Nov

Markets reverse course on Fed’s inflation narrative

03 Nov 2022 - Stocks fell on Wednesday after Federal Reserve Chair Jerome Powell said inflation was still too high and therefore the central bank has further to go in raising interest rates. Markets struggled to interpret the central bank’s stance, with stocks jumping after the statement was released, then sinking after Powell warned in his press conference that rates would top out at a higher “terminal” level.

Read More
18Feb

Asaleo Care (ASX:AHL) has agreed to Essity’s offer: ASX tracking 0.7% lower at noon

17 Feb 2021 - The Australian share market dropped during the early trading hours and is tracking 0.7 per cent lower or 49 points lower at noon at 6,869. On the futures market the SPI is 55 points lower. Materials is the only sector in the green. Asaleo Care (ASX:AHL) has agreed to Essity's offer.

Read More
01Mar

Auckland begins a week’s lockdown after Covid-19 case detected: ASX poised to open higher

01 Mar 2021 - After Friday’s losses the ASX looks set to open higher this morning. Global bonds stabilised after US government bond yields hit their highest level in a year and causing a selloff in stocks. On Saturday President Biden scored his first legislative win as the House of Representatives passed his $1.9 trillion coronavirus relief package. SkyCity Entertainment Group (ASX:SKC) closed Auckland casino as the city goes into lockdown.

Read More
31Dec

Dow snaps 6-day winning streak as Wall St falls: ASX poised to open lower

31 Dec 2021 - Wall St loses steam closing lower as the Santa Rally takes a breather. Dow snaps winning streak. Evergrande tumbles further on missed coupon payment. Magellan Financial (ASX:MFG) surges as best performer on the ASX on Thursday. Local bourse set to open lower for the last trading day of the year. ASX reopens on Tuesday 3 January 2022. Wishing you a Happy New Year!

Read More
17Sep

House prices fall in June quarter: ASX is 0.2% lower at noon

17 Sep 2019 - The ASX fell at the open following soft leads from Wall Street and is now tracking 0.2% lower at noon. Eclipx Group (ASX:ECX) and shares in the Vocus Group (ASX:VOC) both rose today. Ramsay Healthcare (ASX:RHC) and Corporate Travel Management (ASX:CTD) saw declines. Aurizon (ASX:AZJ) has started proceedings regarding the sale of the Australian assets of Genesee & Wyoming.

Read More
14Aug

Wall St gains, Inflation rises as producer price heats up while jobless claims fall, Why CBA is a sell: ASX to open higher

13 Aug 2021 - A mixed closed across the globe as inflation, economic and company earnings take the spotlight as investors weigh on Covid-19 concerns versus the economic recovery. Coverage on the jobless claims report with the July jobs and job openings report along with the producer price index figures after the consumer price data yesterday. Why Commonwealth Bank (ASX:CBA) is a sell. No major economic news today.

Read More
23Feb

Biden says Ukraine tension is an invasion, triggers Wall St fall: ASX to edge lower

23 Feb 2022 - Global markets closed mixed after Russia recognised two regions in Eastern Ukraine in breach of the Minsk agreement, before ordering troops in. S&P 500 officially in correction territory as geopolitical issues take the wind out of stocks. Renewed Beijing tech crackdown sends Asian stocks lower. AUD on watch as wage growth index figures are due today.

Read More
24Jul

IAG leads drop: Aus shares close 1.2% lower

24 Jul 2020 - The ASX declined today to close 1.2 per cent lower by 71 points to finish at 6,024, a 0.2 per cent decline over the week. IAG (ASX:IAG) led the drop on the news that it scrapped its dividend after flagging flat growth in gross written premiums. The ABS announced a jump in export growth on the back off strong iron ore exports. BlackWall Property Trust (ASX:BWR) announced it will acquire WOTSO Workspace.

Read More
21Oct

Citi upgrades Inghams Group (ASX:ING): Aus shares close 0.04% higher

21 Oct 2019 - Citi upgrades Inghams Group (ASX:ING): Aus shares close 0.04% higher.

Read More
07Jan

Industrials lead the sectors: ASX tracking 1% higher at noon

07 Jan 2020 - The ASX rose at the open and managed to maintain momentum and is now tracking 1% higher at noon. Shares in Orocobre (ASX:ORE) are rising as are Pilbara Minerals (ASX:PLS) and Coca Cola Amatil (ASX:CCL). Meanwhile, Northern Star Resources (ASX:NST), and Elders (ASX:ELD) have seen their shares drop. Medical device company PolyNovo (ASX:PNV) had its first two-million-dollar month.

Read More