Welcome to your five-minute recap of the trading day and how the experts saw it.
The numbers: The Australian sharemarket lost early gains on Friday and closed 0.4 per cent, or 28.2 points to 6539.9.
Nine out of 11 sectors lifted but energy tumbled 3 per cent and materials dipped 1.4 per cent, flattening the market.
The ASX 200 had a poor start to the new financial year.Credit:iStock
The Aussie dollar hit its lowest point in two years on Friday afternoon, buying US68.2 cents.
The lifters: Zip Co 9%, Imugene 8.3%, Regis Resources 7.7%
The laggards: Liontown Resources -5.2%, Woodside Energy -4.4%, Minerla Resources -4.1%
The lowdown: The Australian sharemarket kicked off the new financial year by defying the US with a 0.85 per cent rally, but the ASX 200 dipped into the red by the close of the trading day.
Energy and materials were dragged down by a drop in commodity prices and the major miners flattened the market; BHP lost 2.9 per cent, Fortescue lost 3 per cent and Rio Tinto was down 2.3 per cent.
Echoing Thursday’s last-minute plunge, a sell-off minutes before trading closed saw 0.4 per cent of value wiped from the benchmark index.
