Australia Market tumbles 1.26%
10-Jun-22   17:06 Hrs IST
Australian share market finished session significantly lower on Thursday, 09 June 2022, giving up all the gains in the previous session, following falls on Wall Street overnight. Meanwhile renewed COVID-19 measures in Beijing also fuelled selloff.

At closing bell, the benchmark S&P/ASX200 decreased by 88.07 points, or 1.26%, to 6,931.98. The broader All Ordinaries index declined by 95.24 points, or 1.32%, to 7,145.17.

All 11 sectors ended lower along with the S&P/ASX 200 Index, with the Financials sector posted its fifth straight decline after it lost another 1.6%. Mining stocks also weighed on the index after Shanghai reintroduced Covid-19 lockdowns, putting pressure on the demand prospects of commodities.

The top performing stocks in this index were XERO and HEALIUS, up 4% and 2.1% respectively. The bottom performing stocks in this index were POINTSBET HOLDINGS and SIMS, down 5.8% and 5.8% respectively.

CURRENCY NEWS: The Australian dollar was at $0.713 following a recent drop from above $0.714.

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