Australian Stock Market closes lower: S&P/ASX 200 dips, other key indices also fall, Austal Limited gains, Bapcor falls sharply; check top gainers and losers
ASX: Major indices decreased
The Australian share market saw moderate declines in major indices. The S&P/ASX 20 index opened at 4732.70 and closed slightly lower at 4717.70, marking a 0.3% decline on the session. A similar trend was observed in the S&P/ASX 50; It fell 0.3% after moving from an opening level of 8250.60 to a close of 8222.20.
Broader market indices also finished in negative territory. The S&P/ASX 100 index lost 0.4%, falling from 7173.00 at the opening to 7141.80 at the close. The downward momentum also spread to the S&P/ASX 300, down 0.4%, opening at 8579.20 and ending the day at 8540.80.
S&P/ASX 200: Top gainers and losers
The S&P/ASX 200 saw some stocks post notable gains. Austal Limited (ASB) was among the top performers, rising $0.240 (3.744%) to $6.650. Mesoblast Limited (MSB) followed suit and closed at $2.820 after gaining $0.090 (3.296%). Deep Yellow Limited (DYL) also gained solid ground, gaining $0.055 (3.254%) to close at $1.745. Meanwhile, DroneShield Limited (DRO) rose $0.055 (2.910%) to $1.945 and Medibank Private Limited (MPL) rounded out the top five, closing at $4.650, up $0.120 (2.649%).
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On the downside, Bapcor Limited (BAP) experienced the steepest decline, falling to $1,850 after a sharp decline of $0,500 (-21,277%). NRW Holdings Limited (NWH) also weakened, falling $0.380 (-7.037%) to $5.020. Lynas Rare Earths Limited (LYC) fell $0.680 (-4.997%) to $12,930, while Super Retail Group Limited (SUL) fell $0.740 (-4.551%) to $15,520. Life360 Inc. (360) rounds out the list of biggest decliners, closing at $36,360 after falling $1,470 (-3,886%).
