ASX 200 opens lower; who are the top laggards? | AU Market Update

Australia’s benchmark equity index ASX 200 on Wednesday opened lower, down 14.90 points or 0.22 per cent to 6,824.30, after the US stock markets closed flat led by the weakness in blue-chips, including technology stocks. The US stocks were sluggish even after Federal Reserve Chairman Jerome Powell said that the central bank would keep the current rates untouched to help jumpstart the economy.

Who gained, who lost AUB Group Holdings (up 10.06 per cent) and Corporate Travel Management Ltd (up 9.82 per cent) were among the top gainers in the opening trade on the ASX 200. The laggards were Perenti Global Ltd and Austal Ltd, down 12.60 per cent and 10.93 per cent, respectively.

How ASX 200 performed in the last five days The index has lost 0.90 per cent for the last five days, but sits 4.42 per cent below its 52-week high. On Tuesday, the ASX 200 closed at 6,839.20, up 58.30 points or 0.86 per cent.

Australian Dollar, Bonds, Oil and Bitcoin AUD/USD is trading down 0.02 per cent to 0.7913. WTI Crude oil hit another new 52-week high of US$62.97 a barrel. WTI Crude Oil (Futures) is currently trading down 0.81 per cent to US$61.20 a barrel.

The Australian government’s 10-year bond yields stood at 1.608, up 2.32 per cent.

Bitcoin has witnessed panic selling after Janet Yellen called it a highly speculative asset. Bitcoin was trading down nearly 10.09 per cent to US$48,653.95.

 


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