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The Australian share market has extended its fall from yesterday, with the Materials stocks the only sector to claw a marginal gain on the market.

The S&P/ASX 200 Index has fallen 56 points, or 0.76 per cent, to 7390.40.

Ten sectors fell on trading today, with Consumer Staples leading the fall with a 2.10 per cent drop, followed by Real Estate stocks with a 1.64 per cent retreat.

Winners’ circle

The Materials sector was the only one to avoid the drop on the market today, growing by 0.48 per cent.

New Age Exploration shares boomed 15.4 per cent after receiving a speeding ticket from the ASX and Riversgold Gold enjoyed an 11.1 per cent bump after announcing it had been granted a tenement. Pathfinder also enjoyed a 32 per cent bump.

Middle Island Resources led the winners pack today, growing by 36 per cent following yesterday’s announcement that it had completed IP survey at Crosswinds.

Big Materials companies gained on the market; FMG was up 2.52 per cent, and South32 was up 0.12 per cent.

Health Care stock Polynovo recorded another month of record sales in the US. Shares rose 24.5 per cent accordingly.


Every sector, besides Materials, posted losses today.

Consumer Staples stocks fell 2.10 per cent as Ingham’s shares fell 6.09 per cent to $3.32 after revealing that omicron was interrupting operations and hurting sales performance.

White Cliff Minerals led the losses today, falling 28 per cent after providing an update on the reconnaissance samples collected during the first pass field trip to Yinnetharra and the start of exploration RC drilling at Reedy’s South.

Fellow Materials player Rincon Resources dropped 20 per cent while Industrials stock Multistack International dropped 18.4 per cent. Mt Malcolm Mines slid 13.8 per cent after releasing final results from Golden Crown.

The Consumer Discretionary stocks saw falls as well, Wesfarmers dropped 0.95 per cent, Domino’s Pizza fell 0.11 per cent and JB Hi-Fi slid 0.49 per cent.

Other markets

Asian markets posted mixed results in today’s trading. The Asia Dow increased 0.37 per cent, Hong Kong’s Hang Seng 0.37 per cent but China’s Shanghai Composite 0.075 per cent and Japan’s Nikkei fell 0.8 per cent late trade.

US futures moved slightly lower. S&P 500 futures were recently down 0.25 points or 0.01 per cent.

Oil is up, with Brent crude increasing to US$81.24 a barrel.

Gold also dipped slightly. Gold grew US$6.60 or 0.37 per cent to US$1,805.40 an ounce.

The dollar was up 0.28 per cent to 71.85 US cents.

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