Australian shares have fallen across the board, led lower by the tech sector that had been the main gainer a day earlier.
The benchmark S&P/ASX200 index closed down 57.9 points, or 0.94 per cent, at 6,128.4 points at 1615 AEDT on Tuesday, while the broader All Ordinaries closed down 54.6 points, or 0.87 per cent, at 6209.
Almost all sectors on the Australian market closed lower, with tech shares dropping 2.83 per cent.
“It’s pretty much just losses across the board, there’s very little good news in that sense,” said CommSec market analyst James Tao.
Wesfarmers, Coca-Cola Amatil and Santos all went ex-dividend on Tuesday, and together the fall in their share price contributed 9.7 points to the dip in the ASX.
Shares in Pioneer Credit Ltd plummeted 29.55 per cent to $2.17, a 20-month low, after the debt acquisition company missed its half-year profit expectation.
“We were disappointed with our bottom line result,” said chief financial officer Leslie Crockett.
Buy now, pay later service Afterpay shed some of Monday’s 19 per cent gain after announcing a net first-half loss of $22.2 million on higher employment expenses and expansion in the US and UK.
“They’re not terrible numbers, they’ve had a fair jump in their sales and active customers, but their net loss did increase,” Mr Tao said.
The company closed down 11.46 per cent lower at $18.15, having surged to $20.50 at Monday’s close on the back of regulatory relief.
Shares in waste manager Bingo Industries slid 5.86 per cent after its earnings fell on the property downturn.
Hub24 dropped 14.31 per cent despite a 46 per cent rise in net profits after tax, to $3.1 million.
Mr Tao said investment platform provider’s results hadn’t met investors’ “quite lofty expectations”.
But Speedcast International closed up 13.13 per cent to $3.79, a three-month high, after the broadband provider beat expectations.
Mining giant BHP was down 1.26 per cent, Rio Tinto was down 0.6 per cent and Fortescue Metals was up 0.47 per cent.
The big four banks were down between 0.49 per cent and 1.18 per cent, with ANZ down the most, at $27.69.
Estia was down 1.24 per cent after the aged care provider downgraded its full-year guidance.
Caltex was up 4.67 per cent after beating its guidance with a $558 million full-year profit.
Bingo Industries was up 4.30 per cent despite the waste manager confirming its half-year net profit fell 25 per cent.
Blackmores was down 3.92 per cent following an announcement that its chief executive, Richard Henfrey, was resigning after 18 months in the job.
The Aussie dollar is buying 71.56 US cents from 71.48 US cents on Monday.
ON THE ASX:
* The benchmark S&P/ASX200 index was down 57.9 points, or 0.94 per cent, at 6,128.4 points at 1630 AEDT on Tuesday .
* The All Ordinaries was down 54.6 points, or 0.87 per cent, at 6209.
* At 1630 AEDT, the SPI200 futures index was flat at 6105.
CURRENCY SNAPSHOT AT 1630 AEDT:
One Australian dollar buys:
* 71.57 US cents, from 70.96 US on Monday
* 79.32 Japanese yen, from 78.61
* 63 euro cents, from 62.60
* 54.51 British pence, from 54.44
* 104.01 NZ cents, from 104.72
The spot price of gold in Sydney at 1630 AEDT was $US1329.38 per fine ounce, from $US1331.61 on Monday.