AGL 5.72 Increased By ▲ 0.02 (0.35%)
ANL 8.93 Decreased By ▼ -0.17 (-1.87%)
AVN 79.42 Increased By ▲ 0.26 (0.33%)
BOP 5.18 Decreased By ▼ -0.03 (-0.58%)
CNERGY 4.69 Decreased By ▼ -0.04 (-0.85%)
EFERT 81.32 Increased By ▲ 0.21 (0.26%)
EPCL 50.91 Increased By ▲ 0.16 (0.32%)
FCCL 13.45 Decreased By ▼ -0.07 (-0.52%)
FFL 5.80 Increased By ▲ 0.04 (0.69%)
FLYNG 7.18 Decreased By ▼ -0.11 (-1.51%)
FNEL 4.80 Decreased By ▼ -0.04 (-0.83%)
GGGL 8.72 Decreased By ▼ -0.17 (-1.91%)
GGL 15.73 Decreased By ▼ -0.07 (-0.44%)
HUMNL 5.84 Increased By ▲ 0.01 (0.17%)
KEL 2.58 Decreased By ▼ -0.01 (-0.39%)
LOTCHEM 29.31 Decreased By ▼ -0.49 (-1.64%)
MLCF 25.37 Increased By ▲ 0.22 (0.87%)
OGDC 72.56 Decreased By ▼ -0.14 (-0.19%)
PAEL 15.39 Decreased By ▼ -0.08 (-0.52%)
PIBTL 5.17 Increased By ▲ 0.04 (0.78%)
PRL 16.27 Decreased By ▼ -0.23 (-1.39%)
SILK 1.05 Decreased By ▼ -0.05 (-4.55%)
TELE 9.34 Decreased By ▼ -0.21 (-2.2%)
TPL 7.35 Increased By ▲ 0.02 (0.27%)
TPLP 19.10 Decreased By ▼ -0.16 (-0.83%)
TREET 21.89 Increased By ▲ 0.05 (0.23%)
TRG 142.76 Decreased By ▼ -1.34 (-0.93%)
UNITY 17.20 Decreased By ▼ -0.32 (-1.83%)
WAVES 10.05 Increased By ▲ 0.05 (0.5%)
WTL 1.36 Decreased By ▼ -0.01 (-0.73%)
BR100 4,248 Decreased By -10.3 (-0.24%)
BR30 15,761 Decreased By -79.9 (-0.5%)
KSE100 42,349 Decreased By -25 (-0.06%)
KSE30 15,632 Decreased By -33.3 (-0.21%)
Markets

Australia shares end marginally lower on tech losses, await corporate earnings

  • Industrial stocks were also lower, with airport operator Auckland International Airport Ltd and construction services provider CIMIC Group Ltd down 1.4% and 3.3%, respectively.
Published February 11, 2021
Follow us

Australian shares ended marginally lower on Thursday as gains among gold stocks were pared by losses among tech and industrial stocks, and as investors looked forward to important corporate earnings results slated for next week.

The S&P/ASX 200 index closed down 0.1% at 6,850.1 points.

Earnings reports from a number of Australian heavyweights, including BHP Group, Rio Tinto and National Australia Bank, are scheduled for release next week.

Domestic gold stocks jumped 1.7% after the country's top independent gold producer Newcrest Mining said its underlying half-year profit had nearly doubled.

Shares of Newcrest ended the session 4% higher, while its smaller peers De Grey Mining and Northern Star rose 4.1% and 1.7%, respectively.

Mining stocks were also higher, with global miners Rio Tinto and BHP Group gaining 1.1% and 0.9%, respectively.

Tech stocks dropped 2.1%, mirroring their peers on Wall Street which slipped from record levels in the last trading session.

Buy-now-pay-later company Afterpay was down 2.3%, while machine learning company Appen lost 2.4%.

Industrial stocks were also lower, with airport operator Auckland International Airport Ltd and construction services provider CIMIC Group Ltd down 1.4% and 3.3%, respectively.

Meanwhile, wealth manager AMP Ltd was the biggest loser on the benchmark index having dropped as much as 11% after US-based Ares Management withdrew its $4.5 billion buyout offer, and as it posted a 32% fall in annual profit.

New Zealand's benchmark S&P/NZX 50 index fell 0.5%, hurt by losses among tech and healthcare shares.

Comments

Comments are closed.

Australia shares end marginally lower on tech losses, await corporate earnings

Govt remains committed to eliminate interest-based banking system in Pakistan: Dar

At least 3 killed, over 20 injured in suicide blast in Quetta

Rupee closes unchanged against US dollar for second day

Blast in Hangu mine leaves 9 dead, 4 injured

YouTube says fixing issues after reported outages

Aramco discovers two new Saudi gas fields

Pakistan’s REER rises to 17-month high at 100.4 in October

Oil up over $2 on tighter supply while OPEC+ talks limit gains

World Bank says remittances up 5% in 2022, but growth to slow to 2% next year

Punjab local government election to be held in April: ECP