Winning streak comes to an end as ASX shaves off 0.7%
The winning streak on the ASX that lasted seven sessions in a row and brought the index to new nine-month highs has finally come to an end today as the ASX fell 0.7%.
It was very much a sea of red for Australias largest stocks with Tech sector being the worst effected off the back of a poor night on Wall St. As a result Afterpay (APT) fell 2.31% for the day while Telstra (TLS) was down just under 1%.
Blackmores (BKL) managed to finish up 1.48% today despite the poor market conditions.
Gainers and Losers
The biggest gainers on Thursday were:
- Perpetual +5.8%
- Credit Corp +3.6%
- Fortescue Metals +3.3%
- Nanosonics +2.7%
- Reliance Worldwide +2.6%
The biggest declines were:
- Appen -12.4%
- Ramelius Resources -8.5%
- Saracen -5.8%
- Northern Star -5.6%
- Lynas -5%
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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.