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TMH Market Close: ASX 200 down while Appen (ASX:APX) tumbles

ASX News, Day Trading, Market Summary
10 May 2023 18:26 (AEDT)

The market continued its lacklustre run throughout the day, crossing the line in the red.

The ASX200 closed down 0.12 per cent or 8.4 points to 7,255.7.

In the green

Healthcare led the sectors today, with heavyweight CSL (CSL) gaining a little over a per cent to close at $303.20

Uranium miner, Paladin Energy (PDN) had a strong session, gaining more than eight per cent. It’s been lifting since it released its presentation to the Macquarie Australia Conference on May 4.

And engineering group, Monadelphous (MND) also had a positive day, up more than 3 and a half per cent to close at $13.30.

In the red

Seven of the 11 sectors were down today, with communication services falling furthest.

Bank of Queensland (BOQ) tumbled nearly four and a half per cent today on trading ex-dividend, which means those buying on market today won’t get the latest dividend.  

And artificial intelligence specialist, Appen (APX) fell more than 28 per cent after the company announced a drop in revenue with EBITDA for the first half of FY23 expected to be materially lower year on year.

An unaudited update suggested revenue for the four months to April would be more than 20 per cent lower at $95.7 million.

Appen cited challenging external operating and macroeconomic conditions for the drop.

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