By Oliver Gray
Investing.com - The S&P/ASX 200 lost 11.50 points or 0.16% to 7,304.70 during Wednesday’s trade, extending declines of 0.4% in the previous session amid losses in the real estate and technology sectors.
Among stocks, Real estate companies led the declines, down 1.3% collectively as Mirvac Group (ASX: MGR ) lost 2.5%, Charter Hall Group (ASX: CHC ) fell 2.2%, Goodman Group (ASX: GMG ) dipped 2.3% and Stockland Corporation Ltd (ASX: SGP ) declined 1.2%.
Consumer Discretionary lost 1.1% overall, with JB Hi-Fi Ltd (ASX: JBH ) closing 4.8% lower after the release of a sales update. Domino's Pizza Enterprises Ltd (ASX: DMP ) fell 1.2%, Wesfarmers Ltd (ASX: WES ) lost 0.3% and Tabcorp Holdings Ltd (ASX: TAH ) eased 0.4%
Materials finished 0.9% lower, as Rio Tinto Ltd (ASX: RIO ) lost 0.5%, BHP Billiton Ltd (ASX: BHP ) dipped 0.4%, Fortescue Metals Group Ltd (ASX: FMG ) lost 2.4% and Arizona Lithium Ltd (ASX: AZL ) dropped 8.6%.
Information Technology also retreated 1% as Block Inc (ASX: SQ2 ) dropped 3.4%, Appen Ltd (ASX: APX ) fell 4.1%, Megaport Ltd (ASX: MP1 ) lost 4.3%, Novonix Ltd (ASX: NVX ) fell 6.8% and Brainchip Holdings Ltd (ASX: BRN ) dipped 1.1%. Zip Co Ltd (ASX: ZIP ) also declined 10.4%.
On the data front, Australian retail sales lifted 1.6% for a third consecutive month to a fresh record, smashing market expectations of a 0.5% increase.
In New Zealand, the NZX 50 added 0.2% to 11,702.
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