Saturday, September 21, 2024
HomeTop StoriesAustralian Shares Inch Lower, Weighed by Consumer-Related Stocks

Australian Shares Inch Lower, Weighed by Consumer-Related Stocks

Published on

spot_img


Updated Nov. 22, 2023 12:48 am ET

0545 GMT — Australia’s S&P/ASX 200 edged nearly 0.1% lower to 7073.4 amid continued weakness in consumer-related stocks. The benchmark index swung between narrow losses and gains following a soft lead from U.S. equities before finishing lower. Autoparts distributors Bapcor, GUD and ARB lost between about 0.4% and 2.5% amid pressure on consumer discretionaries. Casino operator Star Entertainment shed 1.9% and retailer Premier Investments lost 1.2%. The weakness spread to consumer staples, with supermarket chain Coles dropping 0.6% and liquor retailer Endeavour losing 0.8%. The property sector lost 1.4%, while the tech sector pulled 1.1% lower, mirroring the relative underperformance of the Nasdaq Composite. ([email protected])

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

See also  Amid Gaza aid delay, protests surge in Middle East and beyond

Latest articles

An artist’s studio to fire up the senses – San Diego Union-Tribune

By Lauren GallowFor The New York TimesFor Don Katz, a typical day begins...

Hollywood Hills mansion covered in graffiti, taken over by squatters

Hollywood Hills mansion covered in graffiti A mansion in the Hollywood...

All Of These Famous People Look Young, But Which Ones Were Born In The 1900s

Suddenly, all the years between 1997 and 2003 are the same.View Entire Post...

Iceland Is One of the Best Places to View the 2026 Total Solar Eclipse — How to Plan the Perfect Trip

In 2026, a rare celestial event will bathe Iceland in an ethereal...

More like this

An artist’s studio to fire up the senses – San Diego Union-Tribune

By Lauren GallowFor The New York TimesFor Don Katz, a typical day begins...

Hollywood Hills mansion covered in graffiti, taken over by squatters

Hollywood Hills mansion covered in graffiti A mansion in the Hollywood...

All Of These Famous People Look Young, But Which Ones Were Born In The 1900s

Suddenly, all the years between 1997 and 2003 are the same.View Entire Post...