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ASX dips; Victoria lockdown could cost Vicinity $26m

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ASX dips as AUSTRAC investigations weigh

William McInnes

The Australian sharemarket ended the first session of the week slightly lower, with the losses led by travel stocks and companies under the AUSTRAC microscope.

The S&P/ASX 200 Index fell 13.5 points, or 0.2 per cent, to 7281.9, hitting a record intraday high of 7309.4 earlier in the session.

AUSTRAC investigations hit a number of stocks. SkyCity Entertainment fell 6.5 per cent to $3.18, NAB dipped 3.2 per cent to $26.64, Crown slid 1.5 per cent to $12.50 and Star Entertainment Group declined 2 per cent to $3.89.

Travel stocks were also hit hard. Corporate Travel Management slid 5.1 per cent to $20.86, Webjet dipped 4.9 per cent to $5.04 and Flight Centre fell 4.8 per cent to $15.21.

Altium soared 39 per cent to $37.83 after it rejected a takeover offer from AutoDesk.

Nuix added 6.2 per cent to $2.75, Appen firmed 6.1 per cent to $12.99 and EML Payments advanced 4.2 per cent to $3.48.

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    Original URL: https://www.afr.com/markets/equity-markets/asx-to-edge-higher-wall-st-rallies-20210607-p57yn8