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Wall Street has ended higher as the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded and investors awaited a widely expected Fed interest rate cut.MORE >
The Australian share market has closed lower for the first time in six days, pinned down by a slump in the energy sector as oil prices retreated from recent highs.
Wednesday, 18th September, 2019
The ASX200 index closed on Wednesday down 13.7 points, or 0.2 percent, to 6,681.6 points, while the broader All Ordinaries was down 10.5 points, or 0.15 percent, to 6,791.2 points.
The energy sector was down 1.8 percent after two days of strong gains, following reports that damage to a Saudi oil processing plant from a mysterious drone attack would not be as bad as first feared. Woodside Petroleum was down 2.5 percent, Oil Search down 2.1 percent and Santos down 1.7 percent. Consumer stocks were generally lower, both discretionary and staples, with Coles down 0.8 percent to $14.67 and Wesfarmers falling 0.5 percent to $38.78. Kathmandu jumped 7.6 percent to $2.83, however, after the Kiwi outdoor retailer reported its full-year profit had jumped 13.6 percent, driven by strong sales of its puffer jackets in Australia. JB Hi-Fi climbed 2.1 percent to $34.49 to set another all-time high.
Tech stocks were the biggest gainers, up 0.6 percent, with Afterpay Touch gaining 2.2 percent to $32.28 and Wisetech Global up 1.1 percent to $35.17, although Isignthis fell 7.8 percent to $1.01. The mining sector was up modestly, by 0.2 percent, with BHP dropping 0.3 percent to $37.79 and Rio Tinto up 0.3 percent to $92.92. Goldminers were mostly higher, with Newcrest up 2 percent and Northern Star gaining 1.8 per cent. All of the big banks were in the red, with ANZ down 0.2 percent to $27.69, Westpac down 0.3 percent to $29.54, NAB down 0.5 percent to $29.15 and Commonwealth dropping 0.6 percent to $81.74.
The Aussie dollar is buying 68.50 US cents, up from 68.33 US cents on Tuesday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6837||-0.0027||-0.39|
|$A vs GBP||0.5483||
|$A vs EUR||0.6185||-0.0014||-0.22|
|$A vs YEN||74.01||-0.218||-0.24|
|$A vs $NZ||
Monday 10th June is a non-trading day due to the Queen's Birthday public holiday in some states of Australia.
Normal ASX trading hours resume from Tuesday 11th in Queensland, that being from 10.00am - 4.00pm.
Our office hours remain 8.30am - 5.00pm.