S&P/ASX 200 (INDEXASX:XJO) slipped 2 points to 6,335 with losses in the financial, energy and materials sectors outweighing gains in retail, telco and industrials stocks.
Oil price falls
The energy sector was the biggest loser, dropping 1.3% following a fall in global oil prices on oversupply concerns.
Macquarie net profit hits record $1.98 billion
Macquarie Group (ASX:MQG) was also a laggard, sinking 5.4% to $128.81 after warning of a more subdued performance next year.
The investment bank beat its own guidance today, posting a 17% rise in full year net profit to a record $1.98 billion.
However, managing director and CEO Shemara Wikramanayake said its FY20 result was expected to be slightly down.
ResMed was the biggest gainer
ResMed (ASX:RMD) was the biggest gainer on the ASX 200 index, soaring 9.9% to $16.26.
The sleep apnoea company reported a 12% rise in March quarter revenue to US$662.2 million, while quarterly profit increased 15% on the previous corresponding period to US$157 million.