AUS
NZ
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UAE
Highlights:
Australian shares edged lower amid declines in financial and energy sectors
Major banks including CBA, NAB, WBC and ANZ moved in the red
Energy names like WDS and STO were among the top decliners
Australian shares declined in early trading as broad weakness across financial and energy stocks pulled down major indexes. The asx 200, All Ordinaries, and ASX Small Ordinaries reflected downward movement driven by sectors including banking and energy, with stocks such as Commonwealth Bank of Australia (ASX:CBA), National Australia Bank Ltd (ASX:NAB), Westpac Banking Corporation (ASX:WBC), Australia and New Zealand Banking Group Ltd (ASX:ANZ), Woodside Energy Group Ltd (ASX:WDS), and Santos Ltd (ASX:STO) all trending lower.
Banking sector sees early weakness
The financial segment was among the heaviest drags on the market, with leading banks showing subdued performance. Commonwealth Bank of Australia (ASX:CBA) and Westpac Banking Corporation (ASX:WBC) saw declines during morning trade. National Australia Bank Ltd (ASX:NAB) and Australia and New Zealand Banking Group Ltd (ASX:ANZ) also followed a downward trajectory. Sentiment appeared muted across the sector, aligning with cautious global cues and local factors impacting investor mood.
Energy sector under pressure
Energy companies experienced notable losses during the session, contributing to the broader market’s pullback. Woodside Energy Group Ltd (ASX:WDS) and Santos Ltd (ASX:STO) led declines in the sector. Weaker commodity sentiment and global factors related to energy markets have been influencing trading activity across major oil and gas players listed on the ASX. The downward moves added to pressure on the broader energy index.
Materials sector trades mixed
The materials sector displayed mixed performance in contrast to the decline seen in energy and banking. BHP Group Ltd (ASX:BHP) showed a mild dip, while Rio Tinto Ltd (ASX:RIO) maintained relative stability. Fortescue Ltd (ASX:FMG) also showed limited movement. Market action in this segment appeared more restrained, lacking clear directional strength during early trade. Some resilience in global iron ore pricing may have helped cap deeper losses in this space.
Technology stocks see selective activity
Technology stocks presented a less unified performance, with some names underperforming while others remained flat. Xero Ltd (ASX:XRO) showed minimal movement, while WiseTech Global Ltd (ASX:WTC) edged slightly lower. Altium Ltd (ASX:ALU) traded with minor fluctuations. The sector saw light volumes and limited directional moves amid cautious trading sentiment.
Real estate and consumer sectors steady
Real estate investment trusts and consumer-related companies showed steadier performance, with many names holding ground or moving within narrow ranges. Stockland Corporation Ltd (ASX:SGP) and Goodman Group (ASX:GMG) showed minimal early activity. In consumer space, Woolworths Group Ltd (ASX:WOW) and Wesfarmers Ltd (ASX:WES) remained relatively stable during the session. Broader retail sentiment did not significantly sway this segment.
Utilities and telecom trade flat
The utilities and telecommunications sectors traded flat, with few large-scale movements across major constituents. Telstra Group Ltd (ASX:TLS) maintained a steady range with limited movement during the session. Origin Energy Ltd (ASX:ORG) and AGL Energy Ltd (ASX:AGL) saw subdued action. Overall, the tone across these sectors remained neutral.
