Bloodbath on Wall St prompts sell-down to a three-week low

Australia’s S&P/ASX 200 share index dropped 1.60% today, dropping below 6,000 points to 5,960.30. This comes as investors sold down their holdings on Wall St overnight with the Dow Jones down 3.43%. 

ANZ announced today that its profit for the year was down a considerable 42% and on top of this will be paying a reduced dividend, leading to a 2.40% drop by the end of days trading. Afterpay (APT) continues to be rather volatile in its price movements, down 3.32% today to break back below $100.

Coles Group (COL) was one of the few companies to beat the market today, adding 1.58%, driven strong sales figures throughout the pandemic.

Gainers and Losers

The biggest gainers on Thursday were:

• WHC 4.62%
• IGO +2.83%
• FPH +1.86%
• ABC +1.72%
• MSB +1.61%

The biggest declines were:

• WGX -8.90%
• JBH -6.18%
• SEK -5.91%
• URW -5.78%
• CTD -5.43%

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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.