ASX 200 falls at open; Atlas Arteria tumbles 17%

2 min read | September 16, 2022 10:47 AM AEST | By Ashish

ASX 200 falls at open; Atlas Arteria tumbles 17% — Image source: © Djbobus | Megapixl.com

Highlights

The Australian share market opened lower on Friday.

The ASX 200 index fell 17.80 points, or 0.26%, to 6,825.10 at the open.

The index has lost 1% in the past five days.

The Australian share market opened lower on Friday after Wall Street closed on a weak note in overnight trade following the release of the latest retail sales and labour data. Market sentiment in the US was also muted on concerns related to the possibility of a higher interest rate hike by the US Federal Reserve to tame rising inflation.

According to the latest US economic data, US retail sales unexpectedly rebounded in August. Separately, initial claims for state unemployment benefits fell for the week ended 10 September 2022 to the lowest level since the end of May.

The ASX 200 index fell 17.80 points, or 0.26%, to 6,825.10 at the open. The index has lost 1% in the past five days and is down 8.51% on a year-to-date (YTD) basis.

The ASX All Ordinaries index fell 0.373% to 7,056.1, while the A-VIX dipped 3.633% to 15.73 at the open. On Thursday, the benchmark index closed 0.2% higher at 6,842.9 points.

The benchmark ASX 200 index was trading at 6,792.50, up 50.40 points, or 0.74% in the first 10 minutes of trade.

On Wall Street, the Dow Jones fell 0.55%, the S&P 500 dipped 1.1%, and the NASDAQ ended 1.4% lower.

In Europe, the Stoxx 50 fell 0.7%, the FTSE gained 0.1%, the CAC dipped 1%, and the DAX ended 0.6% lower.

Market action

The benchmark 10-year notes rose 4.5 basis points to 3.457%, from 3.412% late on Wednesday. The 2-year note last fell 5/32 in price to yield 3.8646%, from 3.782%.

Data Source: ASX (as of 16 September 2022, 10:30 AM AEST)

Computershare was the top gainer, while Atlas Arteria was the top loser. On the ASX, all but one of the 11 sectors fell, led by energy, materials, and industrials.

Newsmakers

Gold exploration company Ardiden said that Robin Longley had resigned as managing director and CEO.
Healius chairman Robert Hubbard will exit from the board for health reasons.
Platinum announced the extension of the share buyback program it has had in place since 2016.
Atlas Arteria announced the completion of the institutional component of its entitlement offer.

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