A fitting way to end a tough year for markets with the ASX losing ~2% to close back below 6600, and on the low of the day. For FY22, the ASX 200 is down 10.19% with a 38% fall by the IT sector the starkest of stats, while Consumer Discretionary (-23%) and Real-Estate (-16%) also fell sharply i.e. the sectors most influenced by interest rates. On the flip side, a lot of joy came from Energy (+29%) and Utilities (+24%), while the Industrials (+0.76%), Staples (-2%), Materials (-9%) & Telcos (-9%) all outperformed the broader market to varying degrees. As we suggested…
Relevant suggested news and content from the site
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.