All sectors end session lower
Last updated: 4:30pm AEDT
The ASX ended the day down, with all sectors finishing the session in the red.
The S&P/ASX200 closed lower, dropping 95.00 points or 1.40% to 6,667.80 and crossing below its 20-day moving average.
The broader All Ordinaries index also closed lower, dropping 104.10 points or 1.49% to 6,872.
All sectors ended lower, with Utilities the major loser, dropping 3.1% for the day.
Consumer Staples was the best performer. While it still dropped, it was lower by just 0.33% for the day, and up 0.66% for the last five days.
Amongst the biggest losers was Johns Lyng Group (ASX:JLG), which saw its stock fall more than 14% for the session after the company announced its CEO, Scott Didier sold a large number of his shares in the company.
Meanwhile, Sims (ASX:SGM) shares bucked the market trend, rising in a declining market, to finish just under 2% higher for the day.
ASX falls back further
Last updated: 1:35pm AEDT
The Australian share market retreated further in afternoon trading.
The S&P/ASX200 was lower sharply lower, dropping 102.80 points or 1.52% to 6,660.00.
The broader The All Ordinaries index was sharply lower, dropping 106.40 points or 1.53% to 6,869.70.
Johns Lyng Group (ASX:JLG) shares fell more than 10% to about AU$5.95 just before midday. Then fell further in the afternoon, down 12% for the day. The stock plunged after the company announced its CEO, Scott Didier has sold a large amount of his shares in the company.
Across the market, all 11 sectors were lower, with the Utilities sector sustaining the heaviest losses, dropping more than 2.7%.
ASX starts the week with a drop
Last updated: 11:30am AEDT
The ASX has lost value in Monday morning trading, following losses on Wall Street Friday.
The S&P/ASX200 was lower, dropping 94.90 points or 1.40% to 6,667.90.
The broader All Ordinaries index fell, dropping 104.10 points or 1.49% to 6,872.00.
The losses were sustained broadly across the market, with all 11 sectors lower.
The Information Technology sector recorded the heaviest losses, losing more than 2.4%.
Pre-market breakdown
The ASX is set to fall after strong U.S. jobs figures signalled higher interest rate rise to come from the Federal Reserve, and saw global markets dip.
ASX futures were down 0.90% to $AU6,703 approaching 7am AEDT.
Ahead of Monday’s local market opening, the Australian dollar was around down 0.5% to $US63.75c.
WTI Crude was up 5.3%, at around US$93.2 a barrel.
Gold was down by 0.9%, at around $US1694 an ounce.
Meanwhile, Bitcoin was up by around 0.04%, to about AU$30,471.
Market watch
The S&P/ASX 200 Energy [XEJ] index soared more than 10% over the past week, a sign that the energy stocks continue to burn brightly this year.
However, as the shift to renewables gather pace, how long will the strong market run continue to fuel fossil fuel stocks such as Karoon Energy (ASX:KAR) and Whitehaven Coal (ASX:WHC).
