- ASX200 closed 0.94% lower on Tuesday at 7511 points.
- Domain surged on FY21 results including 66% net profit growth.
- Magellan Financial Group tumbled on 33% decline in profit.
The Australian market continued its run in negative territory on Tuesday, closing the session 0.94% lower at 7511 as the financials sector led losses on the key index as some providers released quarterly earnings results.
The tech sector closed lower on Tuesday, weighed down by Appen falling 3%, Wisetech Global shedding just under 3% and Computershare finishing the session 2.38% lower.
Bitcoin is trading 3% lower over the last 24-hours at US$45,797.85 at 5pm AEST.
Shares in online real estate sales and rental platform Domain rallied today after the release of its FY21 results. Over the year, Domain reported EBITDA growth of 20.8% YoY to $102m, a 66% growth YoY in net profit to $37.9m and a record number of unique digital audience over 9 million.
Making headlines, Magellan Financial Group tumbled 8% today after releasing FY21 results. For the year, Magellan reported a 9% increase in funds under management to $103.7bn and a net profit after tax decline of 33% to $265.2 million. Investors sold out of the fund manager?s shares following the heavy decline in profit.
And General Motors announced it will replace all battery modules in some Chevrolet Bolt electric vehicles under last month?s recall due to a potential battery fire risk.