ASX200 250424 Daily Chart
The ASX 200 slipped by 0.01% on Wednesday, ending a two-day winning streak. Hotter-than-expected Aussie inflation numbers reversed gains from earlier in the session. Bank, oil, tech, and gold-related stocks cushioned the downside. The S&P ASX All Technology Index (XTX) rose by 0.02%.
National Australia Bank Ltd. (NAB) and Westpac Banking Corp. (WBC) advanced by 0.47% and 0.85%, respectively. ANZ Group Holdings Ltd. (ANZ) gained 0.25%, with Commonwealth Bank of Australia (CBA) rising by 0.37%.
Gold stocks Northern Star Resources Ltd. (NST) and Evolution Mining Ltd (EVN) ended the session up 0.95% and 0.51%, respectively.
Woodside Energy Group Ltd (WDS) and Santos Ltd (STO) saw gains of 0.49% and 0.52%, respectively.
However, mining stocks contributed to the pullback. BHP Group Ltd (BHP) and Rio Tinto Ltd. (RIO) fell by 0.59% and 0.15%, respectively. Fortescue Metals Group Ltd. (FMG) bucked the trend, gaining 0.65%.
