Proactive Investors Australia

S&P/ASX 200 finishes flat after utilities, mining shares drag

Its a flat start to the holiday-shortened week with the ASX 200 closing steady at 6,251

ASX boards
Petrol price rose by 3.5 cents in the past week

S&P/ASX 200 (INDEXASX:XJO) opened slightly positive but erased its gains to close a tenth of a point up (0.0016%) at 6,251.

Advances for financials, consumer staples and energy were offset by losses for materials, healthcare and utilities.

Gainers and losers

The top performers included Bravura Solutions Ltd (AX:BVS) which surged 7.05% to $5.770.

Whitehaven Coal Ltd (AX:WHC) added 4.21% to end at $4.21 and A2 Milk Company Ltd (AX:A2M) was up 4.06% to 14.610.

The worst performers of the session included Pendal Group Ltd (AX:PDL), which tumbled 8.71% to $8.490.

Bellamys Australia Ltd (AX:BAL) fell 5.67% to $9.31 and Saracen Mineral Holdings Ltd (AX:SAR) was down 4.73% to $2.62.

Petrol price rises

The national average price of unleaded petrol rose by 3.5 cents in the past week to 144.5 cents a litre – the highest level since mid-November 2018.

Across capital cities, unleaded petrol prices are currently in a range of $1.35-$1.58 a litre. Just two months ago, prices were around $1.20 a litre.

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