Afternoon update: ASX down 0.75%, Cattle prices fall, RBNZ leaves rates unchanged

Market Reports

by Peter Milios

The S&P/ASX 200 is trading 0.75 per cent lower at 6,891.30.


The SPI futures are down 41 points.

Best and worst performers

The best-performing sector is Utilities, up 0.57 per cent. The worst-performing sector is Communication Services, down 1.28 per cent.

The best-performing large cap is Northern Star Resources (ASX:NST), trading 1.39 per cent higher at $10.18. It is followed by shares in Fisher & Paykel Healthcare Corporation (ASX:FPH) and EBOS Group (ASX:EBO).

The worst-performing large cap is Seven Group Holdings (ASX:SVW), trading 3.23 per cent lower at $29.07. It is followed by shares in Yancoal Australia (ASX:YAL) and Mercury NZ (ASX:MCY).

Asian markets

Japan's Nikkei has lost 1.93 per cent.
Hong Kong's Hang Seng has lost 0.68 per cent.
China's Shanghai Composite has lost 1.87 per cent.

Commodities and the dollar

Gold is trading at US$1,836.60 an ounce.
Light crude is trading $0.04 lower at US$89.19 a barrel.
One Australian dollar is buying 63.02 US cents.

Peter Milios

Peter Milios is a recent graduate from the University of Technology - majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.

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