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Market Impact: 0.18

Australian shares little changed as gold miners, consumer stocks drag

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Australian shares little changed as gold miners, consumer stocks drag

Australian equities were little changed as declines in gold/mining and consumer stocks offset gains in banks and tech. WiseTech Global jumped to a near-3-week high after naming a new chair, providing a modest positive catalyst for the tech segment. Net effect appears balanced, with sector-specific moves driving the day’s trading.

Analysis

Australian equities were little changed as declines in gold/mining and consumer stocks offset gains in banks and tech. WiseTech Global jumped to a near-3-week high after naming a new chair, providing a modest positive catalyst for the tech segment. Net effect appears balanced, with sector-specific moves driving the day’s trading.

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