Australian shares closed down almost 1%.
The ASX200 fell by almost 1.4% in noon trade, before staging a small rally late in the day.
Here’s today’s scoreboard:
- ASX 200 5703.60 , -55.16 , -0.96%
- All Ordinaries 5743.90 , -53.63 , -0.93%
- AUD/USD 0.7596 , 0.0011 , 0.15%
Energy stocks led the index lower, with the ASX200 Energy Index down more than 2% for the day.
Woodside petroleum finished 2.6% lower after oil prices dipped overnight, while Origin Energy fell by 1.3%.
The ASX200 Financials Index finished just over 1% lower. The big banks all made up ground from session lows, but were still down on the day with ANZ the worst performer finishing 1.45% lower.
The big miners proved resilient, with Rio Tinto closing 1.24% higher while BHP was up 1.36%.
Among the worst performing companies, Newscorp fell by 3.14% at $17.90. Solomon Lew’s retail conglomerate Premier Investments also finished down 3%, while Coca-Cola Amatil (CCA) was down by 2.58%.
CCA rallied from losses of almost 5% in the fallout from Woolworths’ decision not to stock the latest low-sugar Coke product.
Here’s how the individual sectors performed:
- A-REITS -0.49%
- Consumer Discretionary -1.52%
- Consumer Staples -0.55%
- Energy -2.07%
- Financials -1.03%
- Healthcare -1.97%
- Industrials -1.25%
- Information Technology -1.33%
- Materials -0.06%
- Telecommunications -1.00%
- Utilities -1.26%
- All Ords Gold Index -1.12%
Financial markets steadied in afternoon trade, ahead of key US data later tonight.
US non-farm payrolls will be release with most attention likely to fall on wage growth and unemployment rate for June. Find the preview here.