The Australian sharemarket fell 0.3 per cent, or 18.3 points to 7099.7 at market close, dragged lower by losses in technology and real estate stocks.
The technology sector was the worst performing, down 3.8 per cent following a sell-off overnight on the technology-heavy Nasdaq. Xero tumbled 5.3 per cent, WiseTech fell 3.4 per cent, and Altium lost 4.9 per cent.
The real estate sector also fell in the red, down 2.5 per cent. Goodman shares dropped 2.4 per cent. Scentre shed 3.3 per cent. Stockland lost 3.7 per cent. Mirvac fell 3.4 per cent. Centuria Capital tumbled 6.3 per cent.
Consumer discretionary stocks dived 1.4 per cent. Wesfarmers lost 1.1 per cent. Corporate Travel shares were down 4.8 per cent. Domino’s Pizza shed 3.4 per cent. Lovisa dropped 5.2 per cent.
Energy stocks rallied. Woodside Energy shares rose 1.1 per cent. Whitehaven Coal surged 5.5 per cent. Yancoal added 4.4 per cent.
Miners fell in the green. BHP Group shares rallied 1.2 per cent. Fortescue Metals rose 1.7 per cent. Rio Tinto increased 2.2 per cent.
Enero tumbled 9.5 per cent after it provided a trading update for FY23 earnings.
