🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

ASX 200 Finishes 0.5% Lower, Regis Drops 14%

Published 2022/01/24, 08:02
© Reuters.
XAG/USD
-
AXJO
-
BHP
-
MQG
-
CBA
-
LLC
-
FMG
-
ANZ
-
GMG
-
FLT
-
LYC
-
CHC
-
CPU
-
NAB
-
RIO
-
SGP
-
WBC
-
SI
-
AXFJ
-
AXIJ
-
AXPJ
-
SYD
-
RGS
-
ASXFY
-
US10YT=X
-
AU10YT=RR
-
RRL
-
WEB
-
NZ50
-
XRO
-
APX
-
AVZ
-
BRN
-
MNS
-
PLS
-
ZIP
-
UNIT
-
S32
-
NVX
-
APT
-
QAN
-
LKE
-
AZL
-

By Oliver Gray 

Investing.com - The S&P/ASX 200 finished Monday’s session lower, down 36.30 points or 0.51% to 7,139.50, extending last week’s declines of 2.9% and trading at 7-month lows as investors remained cautious amid fears of surging inflation and an aggressive policy tightening forecast at the U.S. Federal Reserve.

Among stocks, Technology companies saw the largest selloff, down 1.73% as Novonix Ltd (ASX:NVX) dropped 6.68% and Brainchip Holdings Ltd (ASX:BRN) lost 5.7%, while Xero Ltd (ASX:XRO) fell 2.38%, Computershare Ltd. (ASX:CPU) lost 2.38% and Appen Ltd (ASX:APX) dragged 2.37%.

BNPL names declined as Zip Co Ltd (ASX:Z1P) lost 1.5% and Afterpay Touch Group Ltd (ASX:APT) dipped 2.18%

Materials also fell as Rio Tinto Ltd (ASX:RIO) dipped 0.7%, BHP Billiton Ltd (ASX:BHP) eased 0.22%, Fortescue Metals Group Ltd (ASX:FMG) shed 2.01%, Pilbara Minerals Ltd (ASX:PLS) lost 2.53%, Arizona Lithium Ltd (ASX:AZL) fell 3.03%, Lake Resources NL (ASX:LKE) dropped 5.32%, Avz Minerals Ltd (ASX:AVZ) fell 2.01%, Lynas Rare Earths Ltd (ASX:LYC) shed 4.65% and Magnis Resources Ltd (ASX:MNS) lost 6.25%.

Airline stocks suffered losses as Qantas Airways Ltd (ASX:QAN) lost 1.43%, Flight Centre Ltd (ASX:FLT) dipped 1.49%, Webjet Ltd (ASX:WEB) lost 2.95% and Sydney Airport Holdings Ltd (ASX:SYD) eased 0.12%.

South32 Ltd (ASX:S32) dropped 3.67% after a quarterly update revealed declines in coal, aluminium, manganese, silver, and lead production.

Regis Resources Ltd (ASX:RRL) fell 14% after slashing production guidance due to an 800 tonne rockfall in its Rosemount main pit in Western Australia’s Goldfields region.

Financials were also lower as Macquarie Group Ltd (ASX:MQG) eased 0.35%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) lost 1.21%, National Australia Bank Ltd (ASX:NAB) fell 0.53%, Westpac Banking Corp (ASX:WBC) lost 0.86%, while Commonwealth Bank Of Australia (ASX:CBA) added 0.07%.

Real estate stocks proved to be a bright spot, as Charter Hall Group (ASX:CHC) added 1.2%, Goodman Group (ASX:GMG) gained 3.54%, Stockland Corporation Ltd (ASX:SGP) added 0.5% and Lend Lease Group (ASX:LLC) lifted 1.87%.

Wireless broadband provider Uniti Group Inc (NASDAQ:UNIT) also popped 9.28% after revealing that the company has received multiple take-over offers in recent months.

On the bond markets, Australia 10-Year yields were higher at 1.924%, while United States 10-Year rates were at 1.776%.

In New Zealand, the NZX 50 dropped 1.47% to 12,166, trading 11% below its last record high set in January 2021.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.