Day to forget as ASX plummets a considerable 2.4%

Australia’s S&P/ASX 200 plummeted today, down 2.4% by end of days trading, as tech stocks drag down the index.

It was a sea of red among Australia’s top 200 stocks with very few able to buck the trend. Lynas (up 5.7%) and AMP (up 7.5%) were among the few to do this.

All four major banks were down over 2% while Afterpay (APT) was hit hard, shedding a whopping 11.04% to halt its recent run.

Gainers and Losers

The biggest gainers on Friday were:

  • AMP +7.5%
  • Silver Lake Resources +7%
  • Lynas +5.7%
  • Perseus +4.5%
  • Clinuvel +3.6%

The biggest declines were:

  • Orica -18.1%
  • Service Stream -14.2%
  • Afterpay -11%
  • Pointsbet -10.6%
  • Kogan -10.4%

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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.