ASX can’t sustain gains, falls 0.2 pct – 22 June 2022

ASX can’t sustain gains, falls 0.2 pct – 22 June 2022

ASX can’t sustain gains, falls 0.2 pct – 22 June 2022

The Australian share market has been unable to sustain its morning gains, closing in negative territory for the 10th time in the past 12 sessions.

The benchmark S&P/ASX200 finished on Wednesday down 15.3 points, or 0.23 per cent, to 6,508.5, while the broader All Ordinaries dipped 18.5 points, or 0.28 per cent, to 6,682.3.

The Australian dollar meanwhile was buying 69.23 US cents, down from 69.76 US cents at Monday’s close.

Derek Rose
(Australian Associated Press)