ASX back in the red after Wall Street slump

The ASX200 closed down 48 points (-0.80%) to 5875.90 after a slow day on Wall Street overnight. The NASDAQ continued its losing streak, finishing down 3.02% while the Dow Jones suffered the same fate down 1.92%.  

Following today’s price action, tech stocks took a hit with Afterpay (APT) falling a whopping 5.83% for the day. Gold miners were also affected with a pullback in the recent gold rally to around $1850 US per ounce off a 52-week high of $2069.40. Gold Road Resources was one of the most impacted by this, closing down 6.4% for the day.

Interestingly, Westpac announced it will be paying a $1.3 billion fine for breaching AML/CTF laws and while taking an initial hit, recovered to close down a mere 0.12%. 

Gainers and Losers

The biggest gainers on Thursday were:

  • Abacus Property +3.6% to $2.87
  • Mirvac +3.4% to $2.14
  • Janus Henderson +3.2% to $27.72
  • Challenger +3% to $3.75
  • GUD Holdings +2.6% to $10.65

The biggest declines were

  • Avita Therapeutics -7.2% to $6.96
  • Ramelius Resources -6.5% to $2.02
  • Nufarm -6.5% to $4.06
  • Gold Road Resources -6.4% to $1.46
  • Afterpay – 5.8% to $74.14

 

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Disclaimer:
This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such. 

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