The Australian market closed the midweek session 0.5% lower at 7490.10 points as the see-sawing tech sector this week weighed down the key index today, as investors once again sold out of growth stocks.
The stocks that made headlines today were:
The big banks rallied today on the back of the comments from the Reserve Bank of Australia yesterday during the monthly cash rate meeting, indicating that the RBA could soon raise the cash rate which will boost interest income for the banks. CBA added 1.23%, Westpac jumped 0.8%, Anz rallied 1.15% and NAB gained 1.09%.
Weebit nano shares added 5.48% today after the semiconductor company announced that the demo chips integrating its embedded Resistive Random-Access Memory module have successfully completed their functional testing phase, a key step towards delivering a commercial product.
And Crown shares took a hit today after the Victorian Gambling and Casino Control Commission said yesterday that it will launch disciplinary proceedings into what is dubbed the ?China Union Pay process? which was uncovered during Victoria?s royal commission into Crown?s licence holding and could see Crown facing penalties of up to $100 million.