Australian Property Stocks Drag Down Sharemarket Amid Goodman Group Decline

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 90%

Finance Berita

GOODMAN GROUP,PROPERTY STOCKS,AUSTRALIAN SHAREMARKET

Property stocks dragged down the Australian sharemarket on Wednesday following a significant decline in Goodman Group shares. The S&P/ASX 200 Index fell 0.4% to 8462.6, with eight out of eleven sectors in the red. The real estate sector was the worst performer, led by Goodman Group's drop of 2.9% after a $1.9 billion block trade repricing.

Property stocks weighed the Australian sharemarket on Wednesday after sector heavyweight Goodman Group dived on a repricing of block trade. The benchmark S&P/ASX 200 Index fell 0.4 per cent, or by 32.6 points to 8462.6 at the closing bell, with eight out of the 11 sectors in the red. That’s after the index rallied to a record-closing high on Tuesday and the S&P 500 notched its 55th record high this year. The worst-performing sector was real estate, led by Goodman Group.

Perpetual’s head of investment strategy Matt Sherwood said the GDP result was “very disappointing” and that it made for a challenging backdrop for equity investors. “The Australian sharemarket is very challenged on valuations and earnings, with today’s GDP numbers, it’s a very hard backdrop to seeing another major leg up to the market,” he said. Stocks in focus Pro Medicus rallied 1.8 per cent to $261.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 2. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Albanese Sells Investment Property Amid Sydney's Property Market DownturnPrime Minister Anthony Albanese successfully sold his investment townhouse in Dulwich Hill for $1.75 million amid Sydney's property market downturn. The property, originally listed for $1.9 million, saw its price reduced due to market conditions.
Sumber: theage - 🏆 8. / 77 Baca lebih lajut »