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.