AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)
Markets

Australian shares ease after best day in 4 months, energy stocks top losers

  • Financial stocks were down 0.74%, with the 'big four' banks losing between 0.9% and 1.1%.
Published June 23, 2021

Australian shares slipped on Wednesday after posting their best session in nearly four months, as gold and energy stocks lost ground after underlying commodity prices fell overnight.

The S&P/ASX 200 index declined 0.5% to 7,303.20 by 1259 GMT, retreating after Tuesday's 1.5% jump.

Energy stocks shed 1.5% as crude oil prices fell overnight following a discussion by OPEC+ countries to raise production.

Sector heavyweights Santos and Woodside petroleum were the biggest drags on the sub-index, falling 2.4% and 1.5% respectively.

Ampol and Viva Energy were trading in negative territory even though the Australian parliament approved plans to pay them A$2.3 billion ($1.8 billion) to keep their struggling oil refineries open.

Gold stocks slid 0.5%, with bullion prices falling overnight as traders awaited more clarity from the US Federal Reserve regarding its monetary policy after the central bank struck a hawkish tone last week.

Sector heavyweight Northern Star Resources slipped 0.5%, while Ramelius Resources fell 3.2% and was the second-biggest loser on the sub-index.

Financial stocks were down 0.74%, with the 'big four' banks losing between 0.9% and 1.1%.

Tech stocks advanced 0.8%, led by a 1.3% gain in Afterpay Ltd and a 0.7% rise in Appen.

Elsewhere, Japan's Nikkei was up 0.29% at 28,968.43.

In New Zealand, the benchmark S&P/NZX 50 index was up 0.25% at 12,565.51.

Comments

Comments are closed.