NewsBite

AUDUSD0.639
0.0002 (0.03%)0.03%
SPI 2007,834.00
48.00 (0.62%)0.62%
S&P/ASX 2007,819.10
60.20 (0.78%)0.78%
All Ords8,021.90
60.20 (0.76%)0.76%
NZX 504,473.96
18.85 (0.42%)0.42%
Hang Seng21,395.14
338.16 (1.61%)1.61%
Nikkei34,730.28
352.68 (1.03%)1.03%
View all

ASX closes down 1.2pc as Endeavour dives, energy stocks gain

ASX falls 1.2pc as investors rebuke soft results

Australian shares closed lower on Thursday as a handful of underwhelming corporate reports and a shift in sentiment overnight in the US and Europe weighed on local blue chips.

The S&P/ASX 200 edged 1.2 per cent lower, wiping 85.1 points from the benchmark, which closed with 6961.8 points. The decline dents a steady rise in share prices that has slowly built over the past two months and dragged the index to below 7000 points for the first time in a fortnight.

The S&P All Ordinaries index, which covers more than twice the number of companies compared to the S&P/ASX 200, shed 88 points to close with 7199.2 points, also 1.2 per cent fewer than the prior session.

The drop in share prices reflected disappointing results for a group of companies that reported 2022 financial year results on Tuesday.

Read more.

1 / 6

Latest In Equity markets

Fetching latest articles

Sponsored

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/equity-markets/asx-to-fall-boral-endeavour-earnings-ahead-20220823-p5bbxp