ASX hits the brakes on the final trading day of 2021

December 31, 2021 - 5 months ago
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The Australian share market fell on Friday, easing back from the three-month high and a six-day rally into the final trading session of the year.

All 11 sharemarket sectors traded down on Friday, with bottom-performing sectors were real estate, consumer discretionary, financials and telecommunication services (down 1%).

One of the top-weighted sectors in the benchmark, Australian banks logged their best year since 2013, adding +20.2%.

All top four banks in Australia registered double-digit annual growth, rising between +10% and +28% this year.

Heavyweight miners extended gains for a sixth straight year, up about +5%, due to recovery in the global economy and lingering concerns over metal supply.

However, global miners Rio Tinto and BHP Group ended the year in red after gaining for five years, dropping -9.5% and -2.2%, respectively.

Tech stocks posted annual losses for the first time since 2011, shedding 2020 gains, their best year.

At the close, the benchmark S&P/ASX 200 index fell -68.8 points, or -0.92% to 7,444.6, while the All Ordinaries dropped -64.5 points, or -0.82%, to 7,779.2, while our local currency, the Australian dollar, is currently buying US$0.7262.

The fall pulled the market to a calendar year gain of +13%, marking the best year since the +23% advance in 2019 and the fourth-best of the past decade.

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