S&P/ASX 200 ends day in the red after fresh high

The local sharemarket closed firmly in the red, down 0.3 per cent, despite hitting a fresh record high intra-day.

Key events for global markets this week include US inflation data and a meeting of the European Central Bank. Picture: AAP

Welcome to the Trading Day blog for Wednesday, June 9. The local sharemarket has closed firmly in the red, despite hitting a fresh record high intra-day. At the close of trade, the S&P/ASX 200 Index was down 0.3 per cent, or 22.4 points, at 7270.2 points.

Tech stocks weighed, with Altium the worst performer, down 7.5 per cent to $34.26. WiseTech fell 4 per cent to $29.85 and Appen lost 3.9 per cent to $12.82. Brickworks led the index, gaining 11.3 per cent to $23.40 after forecasting its profit would near double in the current year, on a strong industrial property uplift.