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Posted: 2022-09-15 08:15:15

Welcome to your five-minute recap of the trading day, and how the experts saw it.

The numbers: The Australian sharemarket ended in positive territory at market close, stabilising after Wednesday’s heavy losses when the local bourse shed around $63 billion.

The ASX 200 finished 14.3 points, or 0.21 per cent, higher at 6842.9 points, though there were just three of the 11 industry sectors in the green.

The ASX stabilised after Wednesday’s heavy losses, finishing slightly higher.

The ASX stabilised after Wednesday’s heavy losses, finishing slightly higher.Credit:Louie Douvis

The lifters: Energy stocks surged, adding 3.7 per cent. Whitehaven Coal, Woodside Energy and Santos stocks pushed the sector higher with gains of 4.6 per cent, 4.3 per cent and 3.5 per cent, respectively. Financial stocks also performed well, gaining 1.1 per cent as all big four banks rose.

The laggers: The healthcare sector continued its downward trend, dropping about 0.9 per cent over the past five days. Utility stocks slipped 0.85 per cent, and real estate lost 0.95 per cent.

Domino’s Pizza slumped nearly 5 per cent. Myer shares closed unchanged after falling as much as 6.3 per cent during the day, despite the department store reporting its best second-half result in nine years. Myer posted $16.7 million in earnings in the June half, its strongest profit over this period since 2013.

Elsewhere, South32 slumped 7.4 per cent as the stock traded for the first day without the rights to its latest dividend; BlueScope Steel lost 3.1 per cent and Suncorp fell 2.2 per cent.

The lowdown: It was a shaky day of gains on the ASX 200, with a surprise lift in Australia’s unemployment rate sparking a midday surge before the market lost steam again during the afternoon.

The 3.5 per cent increase in the jobless rate marked the first rise in 10 months, sparking speculation a cooling of the economy could moderate the pace of interest rate rises by the Reserve Bank.

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