S&P/ASX 200 trades near flatline as Sydney property prices hit record high

Brent crude gained 0.56% to settle at US$67.90 per barrel on Wednesday as upbeat forecasts for global economic recovery supported prices.

Alta Zinc Ltd - S&P/ASX 200
The US bond market digested a US$38 billion auction of 10-year Treasury bonds without a spike in volatility.

S&P/ASX 200 (INDEXASX:XJO) was trading near the flatline with a 0.15% fall by about 1.50 pm as Sydney property prices are back above the peak last hit in 2017 and currently sit at record highs, according to CoreLogic data.

This follows a 15% fall in prices between July 2017 and May 2019.

Source: www.corelogic.com.au

Iron ore stocks were continuing to decline, with BHP Group Ltd (ASX:BHP) shares falling 1.39% after iron ore prices eased 6.1% on Wednesday.

The technology sector was also struggling, down 2.17% with Afterpay (ASX:APT) declining 2.7% to $112.17.

Top gainers

Today’s top gainers on the ASX include Alta Zinc Ltd (ASX:AZI) (+20.00%), Anteris Technologies Ltd (ASX:AVR) (+11.54%), Carnavale Resources Limited (ASX:CAV) (+12.50%), Domacom Australia Ltd (ASX:DCL) (+13.40%), MGC Pharmaceuticals Ltd (ASX:MXC) (+10.00%), Nanoveu Ltd (ASX:NVU) (+10.00%) and West Wits Mining Limited (ASX:WWI) (+12.82%).

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