Seven-day streak comes to an end as ASX drops 16.50 points
The winning streak is finally over for the ASX200 as seven consecutive days of gains comes to an end with the ASX dropping a marginal, 0.3%, to 6179.20 points.
In contrast to the previous days of trading, the banks weighed down the index with Westpac (WBC) and NAB down 1.37% and 1.29% respectively. The miners also didn’t have much luck with BHP and Rio Tinto (RIO) both closing down for the day.
On the flip side, biotech giant CSL, managed to push back above $300 to $302.29 (up 1.36%) after the completion of its AGM while Afterpay (APT) also breaks the trend yet again, up 1.73%.
Gainers and Losers
The biggest gainers on Wednesday were:
- EML Payments +11.31%
- Nearmap +8.5%
- Bank of Queensland +5.2%
- Polynovo +4.6%
- Bapcor +4.2%
The biggest declines were:
- Flight Centre -7.7%
- CIMIC -6.5%
- Aurizon -4.5%
- Webjet -4.1%
- Zip Co -4.1%
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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.