ASX 200 closes 0.33% lower on Tuesday as energy and materials shares fall

Australian shares closed lower on Tuesday after recovering from a fall of as much as 1% earlier in the session, with consumer staples and healthcare stocks rising.

The entrance of the ASX Exchange Centre building in Sydney
File photo: entrance of the ASX Exchange Centre, Bridge Street, Sydney (2007). Photo: JeremyR / Wikimedia Commons, CC BY-SA 4.0 (cropped and resized)

The S&P/ASX 200 index closed down 28.8 points, or 0.33%, at 8,816.9 on Tuesday 20 October, according to market data. The Australian Financial Review reported that the index had been down as much as 1% earlier in the day before a rebound in technology stocks and gains in consumer staples reduced the loss.

According to market data firm Kalkine, energy was the weakest sector, down 1.31%, followed by materials, down 1.16%, and financials, down 0.48%. Consumer staples rose 1.14% and healthcare gained 0.87%.

Among individual companies, Ingenia Communities rose 9.67% to $4.65, Austal gained 6.91% to $4.18 and Cochlear rose 5.17% to $139.40, Kalkine said. Ampol fell 6.22% to $39.32. Stockhead reported that Coles closed at a record high.

Kalkine said the index remained up 0.38% over five trading sessions and 1.18% since the start of the year.

The AFR also reported that the Australian Securities and Investments Commission was looking into Firmus.

For Monday’s session, see our earlier report.

Sources

  1. ASX200 LIVE: ASX falls as BHP, NAB retreat · Australian Financial Review
  2. ASX 200 Declines as Middle East Tensions Keep Energy Markets in Focus · Kalkine
  3. Closing Bell: ASX slips as miners and energy retreat, but Coles bags record close · Stockhead
  4. S&P/ASX 200 historical data · Yahoo Finance