Australia share market finished choppy session with a mixed note on Thursday, 04 August 2022, as gains in financials and technology sectors offset losses among materials and energy stocks.
At closing bell, the benchmark S&P/ASX200 index was down 1.01 points, or 0.01%, to 6,974.93. The broader All Ordinaries index added 4.62 points, or 0.06%, to 7,207.48.
The top performing stocks in S&P/ASX200 index were TYRO PAYMENTS and POINTSBET HOLDINGS, up 17.5% and 11.6% respectively. The bottom performing stocks in S&P/ASX200 index were ORICA and GRAINCORP, down 9.3% and 6.55% respectively.
Total 9 of 11 ASX sectors closed lower, with Consumer Discretionary was the worst performing sector, falling 1.23%, followed by consumer staple (down 0.9%) and financials (down 0.88%). information technology was the best performing sector, gaining 2.18%, followed by materials (up 0.35%).
Shares of tech companies led the rally, with accounting software provider Xero and ASX-listed shares of Block added 0.9% 8.8%, respectably. Financials followed suit, with the Big Four banks gaining between 0.3% and 1.3%.
The Energy sector extended its declines to a second straight day and Mining stocks also came under pressure after the price of major commodities fell overnight. Shares of BHP & Fortescue Metals shed at least 1.1 per cent, and shares of Rio Tinto recorded their third-straight loss. In the Energy space, major oil producers like Beach Energy, Santos and Woodside lost ground today.
CURRENCY NEWS: The Australian dollar was at $0.6964.
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