Uncertainty around election makes for choppy market

Australia’s S&P/ASX 200 share index had a relatively flat day today, losing 0.1% despite rather choppy market conditions. The ASX hit a 5986 low around midday, briefly recovered and reached green territory however ultimately ended the session of trading down.

The banks all ended down today with our largest bank, Commonwealth Bank (CBA) being hurt the most, down 2.02%. The miners also suffered with BHP and Rio Tinto (RIO) both down for the day.

Afterpay (APT) was one of the few to buck the trend, breaking back over $100 and up a total of 1.63% for the session.

Gainers and Losers

The biggest gainers on Wednesday were:

  • Nanosonics +12.5%
  • Megaport +6.6%
  • Flight Centre +6.1%
  • Nearmap +5.6%
  • Webjet +5%

The biggest declines were:

  • Pendal Group -8%
  • Fortescue Metals -4.6%
  • Whitehaven Coal -3.7%
  • St Barbara -3.3%
  • Cooper Energy -3.2%

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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.