Join our daily newsletter At The Bell to receive exclusive market insights
The ASX 200 was red today, weighed down by bourse behemoth Commonwealth Bank.
Utilities was the worst performing sector through Wednesday, followed by Financials and Energy. Bucking the trend, Health Care, Materials, and Telecommunication were all in the green in intra-day trade.
In the Green
Investors pivoted into healthcare stocks and market stalwart CSL (ASX:CSL) had a strong day on the boards.
Tyro Payments (ASX:TYR) had a good day out after confirming multiple takeover approaches.
And, Penfolds winemaker Treasury Wine Estates (ASX:TWE) charged higher, with traders ignoring fears around slowing luxury wine sales into China.
In the Red
The Commonwealth Bank (ASX: CBA) was sold heavily as investors headed for the doors; some was due to the company’s full-year results, but profit-taking would also have played a role.
Elsewhere, Computershare (ASX:CPU) retreated after reporting underwhelming quarterlies.
And, Origin Energy (ASX:ORG) headed into close in the red as the Energy sector was weighed down by AGL Energy’s (ASX:AGL) disastrous results.
