ASX 200 opens flat; Nanosonics gain over 4%

Image Source: © Herrbullermann | Megapixl.com

Highlights

  • Australian shares opened marginally lower on Friday.
  • The ASX 200 fell marginally in opening trade, down 2.40 points, or 0.033%, to 7,239.40.
  • On Thursday, the ASX 200 benchmark index ended 0.15% higher at 7,241.8 points.

Australian shares opened marginally lower on Friday, even as investors remain upbeat on the US Federal Reserve's lesser hawkish stance on rising interest rates.

 

The ASX 200 fell marginally in opening trade, down 2.40 points, or 0.033%, to 7,239.40. On Thursday, the ASX 200  benchmark index ended 0.15% higher at 7,241.8 points.

While the All-Ordinaries index fell 0.022% to 7,430.6, the volatility index fell 7.83% to 12.29. After the first 10 minutes, the ASX 200 benchmark index rebounded and was trading 0.14% higher, or 10.20 points, at 7,252.

Wall Street was closed for Thanksgiving on Thursday. Trading will resume on Friday in New York, though markets will close early at 1 PM local time. In Europe, the Stoxx 50 rose 0.4%, the FTSE gained 0.02%, the CAC surged 0.4%, and the DAX ended 0.8% higher.

Market action

After half an hour, the benchmark index was trading 0.10% higher, or 7.40 points, at 7,249.20.

Nanosonics, Virgin Money, and Imuegne were the top gainers, gaining 4.08%, 3.4% and 2.7%, respectively. On the other hand, Vicinity Centres, Paladin and Whitehaven fell the most, down 1.2% each.

Tech and consumer discretionary led the gains with each sector rising around 0.8%. The energy sector, on the other hand, fell 0.9%.



 


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