ANL 28.45 Decreased By ▼ -1.10 (-3.72%)
ASC 19.69 Decreased By ▼ -0.29 (-1.45%)
ASL 24.45 Increased By ▲ 0.05 (0.2%)
BOP 8.17 Decreased By ▼ -0.09 (-1.09%)
BYCO 9.80 Decreased By ▼ -0.24 (-2.39%)
FCCL 21.88 Decreased By ▼ -0.07 (-0.32%)
FFBL 26.60 Decreased By ▼ -0.40 (-1.48%)
FFL 20.05 Increased By ▲ 0.72 (3.72%)
FNEL 8.39 Decreased By ▼ -0.03 (-0.36%)
GGGL 24.90 Decreased By ▼ -0.26 (-1.03%)
GGL 41.69 Decreased By ▼ -1.91 (-4.38%)
HUMNL 6.81 Decreased By ▼ -0.11 (-1.59%)
JSCL 20.60 Decreased By ▼ -0.90 (-4.19%)
KAPCO 39.00 No Change ▼ 0.00 (0%)
KEL 3.82 Decreased By ▼ -0.01 (-0.26%)
MDTL 3.39 Decreased By ▼ -0.13 (-3.69%)
MLCF 43.05 Decreased By ▼ -0.45 (-1.03%)
NETSOL 149.30 Decreased By ▼ -7.70 (-4.9%)
PACE 7.12 Decreased By ▼ -0.08 (-1.11%)
PAEL 32.05 Decreased By ▼ -1.23 (-3.7%)
PIBTL 10.86 Decreased By ▼ -0.09 (-0.82%)
POWER 8.95 Decreased By ▼ -0.11 (-1.21%)
PRL 22.80 Decreased By ▼ -0.30 (-1.3%)
PTC 11.66 Decreased By ▼ -0.22 (-1.85%)
SILK 1.77 Increased By ▲ 0.05 (2.91%)
SNGP 49.70 Decreased By ▼ -1.04 (-2.05%)
TELE 15.50 Increased By ▲ 0.33 (2.18%)
TRG 154.43 Decreased By ▼ -5.82 (-3.63%)
UNITY 40.00 Decreased By ▼ -0.55 (-1.36%)
WTL 3.47 Increased By ▲ 0.04 (1.17%)
BR100 5,043 Decreased By ▼ -50.24 (-0.99%)
BR30 25,215 Decreased By ▼ -494.66 (-1.92%)
KSE100 47,055 Decreased By ▼ -257.04 (-0.54%)
KSE30 18,837 Decreased By ▼ -126.39 (-0.67%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,422
6224hr
Pakistan Cases
1,034,837
5,02624hr
8.82% positivity
Sindh
382,865
Punjab
356,920
Balochistan
30,432
Islamabad
87,699
KPK
144,264
Markets

Australian shares fall as financials weigh; benchmark set for weekly drop

  • In New Zealand, the benchmark S&P/NZX 50 index rose 0.57% to 12,589.5. It was on track for its second straight weekly gain.
11 Jun 2021

Australian shares edged lower on Friday and were on track to post their first weekly loss in four, as weakness in heavyweight financials outweighed gains in gold and tech stocks.

The S&P/ASX 200 index fell 0.3% to 7,280.6 by 0101 GMT. For the week so far, the benchmark index is down nearly 0.2%.

In other markets, Japan's Nikkei slipped 0.12% and S&P 500 E-minis futures fell 0.03%.

Financial stocks, down 1.03%, weighed on the benchmark the most. The sub-index was down about 2.2% for the week. Challenger Ltd led losses, down 2.36%, followed by wealth manager AMP Ltd, which lost 2.07%.

The "Big Four" banks declined between 1% and 1.6%.

The energy index fell 0.62?% despite oil prices hovering at two-year highs. The biggest percentage loser was fuel retailer Ampol Ltd, which shed 1.15%.

Bucking the sombre mood, tech stocks rose 2.04% led by Appen, which was up 4.88%. Market darling Afterpay jumped as much as 4.9% to mark its highest levels in a month.

Investors shrugged off cues from Wall Street which rose after US inflation data appeared to support the Federal Reserve's assertion that the current wave of heightened inflation will be temporary.

Back in Australia, gold stocks rallied 2.2%, leading gains on the benchmark as bullion prices nudged up after US inflation data. Sector heavyweight Newcrest Mining climbed up to 1.6%.

Embattled casino operator Crown Resorts was among biggest losers on the benchmark, down as much as 3%, after the Victoria state extended a timeline and funding for an inquiry into its operations, increasing the time and level of regulatory scrutiny.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.57% to 12,589.5. It was on track for its second straight weekly gain.