End of Day Report – Monday 24 June: The ASX 200 has closed down 62 points (-0.8%) to 7734.

Market Updates

The ASX 200 has closed down 62 points (-0.8%) to 7734. The morning sell-off in Energy, Health Care, Consumer Discretionary and Commodities accelerated towards the close. Taking all but one of the major eleven sectors into the red with them. Energy finished worst off, oil, coal and uranium stocks down. WDS -2%, WHC -3.3% and BOE down 5.3%. PDN remains in trading halt. RMD finished close to its lows, -13.2%. CSL and COH holding up better. Down 0.3% and 0.4%. PME ploughed higher to another 52-week high, an unstoppable force currently. Up 0.47%. CTT lost around $400m in market cap, down 49% and 52% at worst. In commodities, there was nowhere to hide. Save for JHX (+1.3%) which reiterated guidance and a few mining contractors. IPL up 2.5% and ORI up 1.1%. Iron ore giants down, gold down, copper down, lithium down, rare earths down. All down. The defensives held up OK, ORG off 0.9% but AGL up 1.1%. WOW and COL only fell 0.6% and 0.1% on news the government may impose heavy fines to supermarket giants found guilty of unfairly squeezing suppliers on pricing. Tech fairly flat and the big banks gave in to selling pressure after midday. The big four down between 0.3% and 1%.
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