Australian Shares Little Changed, Energy Retreats

  • Stock Market News
Australian Shares Little Changed, Energy Retreats
Credit: © Reuters.

By Oliver Gray - The S&P/ASX 200 remained flat at 6,793.5 after the first hour of Friday’s trade, following two sessions of consecutive gains, with risk appetite souring as European’s Central Bank policymakers moved to raise interest rates by 50 basis points.

ASX 200 Futures were also trading flat at 6,687.5.

Among stocks, Energy led declines, down 1.9% with Woodside Energy Ltd (ASX: WDS ) dipping 1.9%, Santos Ltd (ASX: STO ) falling 2.6% and Beach Energy Ltd (ASX: BPT ) down 2%.

Consumer Discretionary dipped 0.5% with Domino's Pizza Enterprises Ltd (ASX: DMP ) down 5.3% and Wesfarmers Ltd (ASX: WES ) down 0.4%

Financials added 0.6% as Macquarie Group Ltd (ASX: MQG ) gained 0.8%, Australia and New Zealand Banking Group Ltd (ASX: ANZ ) added 1.3%, National Australia Bank Ltd (ASX: NAB ) gained 0.6% and Westpac Banking Corp (ASX: WBC ) added 0.9%.

On the bond markets, Australia 10-Year rates were lower at 3.471% while United States 10-Year yields were at 2.897%.

In New Zealand, the NZX 50 added 0.2% to 11,293.

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