AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,809 Increased By 41.1 (0.42%)
BR30 29,711 Increased By 311.1 (1.06%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)
Markets

Australian shares track Wall Street declines; NZ flat

  • Global miners Rio Tinto and BHP Group Ltd eased around 0.2%, while Fortescue Metals Group shed 0.5%.
Published December 30, 2020

Australian shares fell on Wednesday, tracking a slide in major Wall Street indexes overnight, as uncertainty over additional U.S pandemic aid dented broader market sentiment.

The S&P/ASX 200 index declined 0.9% by 0028 GMT. Trading volumes were around a fifth of their thirty-day average.

While the U.S House of Representatives voted for $2,000 coronavirus aid checks from the previously approved $600, doubts emerged if the Senate would authorise the checks. The uncertainty weighed on US stocks overnight.

In Australia, technology stocks fell as much as 1.2%, with buy-now-pay-later firms Afterpay Ltd and Zip Co Ltd each losing more than 1.4%.

The heavyweight financial sub-index slipped 0.5%, with the "Big Four" banks losing between 0.1% and 0.28%.

Healthcare stocks also pulled back, with sector heavyweight CSL Ltd dipping 0.3%. Regenerative drugmaker Mesoblast fell as much as 1.7% and was the biggest loser on the sub-index.

The mining index fell as much as 0.6%, as Chinese iron ore futures tumbled 6% on expectations of a hit to demand from a recent cold spell and worries over a rise in virus cases in China.

Global miners Rio Tinto and BHP Group Ltd eased around 0.2%, while Fortescue Metals Group shed 0.5%.

Gold stocks were the session's worst performers, declining nearly 2%, with top miner Newcrest Mining falling as much as 1.7% to hit its lowest since May 1.

Despite an uptick in oil prices, the energy index lost 1%. Index heavyweights Santos Ltd and Woodside Petroleum both fell as much as 0.8%.

New Zealand's benchmark S&P/NZX 50 index stood flat at 13,247.59, shedding small gains clocked earlier in the session.

Comments

Comments are closed.