Precise Investors

Monday, August 15, 2022
Stocks & Shares

Australian stocks end the week in the red

The Australian sharemarket has endured its worst day and week in a month as investors shunned resources companies after a commodities sell-off in offshore trade.

At closing, the benchmark S&P/ASX 200 index had skidded 45.7 points, or 0.79 per cent, to 5,739, while the broader All Ordinaries index surrendered 45.6 points, or 0.78 per cent, to 5,786.9.

The benchmark ended down 1.3 per cent on the week, on the back of a run of five red sessions in the last six.

“Cautious trading Friday rounds out a week of nervous drift for the ASX200 as investors have digested a mixed bag of company results and lacked the macro drivers needed to lift the index past resistance at 5,827,” CMC Markets chief market analyst Ric Spooner said.


The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply