Evening Wrap: ASX 200 dips on another hit to energy and mining stocks, uranium and gold fare worst

The S&P/ASX 200 closed 17.8 points lower, down 0.23%.

I propose the key message to take away from today’s trade on the ASX is: It could have been worse .

We didn’t fall as much as US stock indices did overnight (they were generally down over 1%), and we managed to close around 0.5% above our low.

Still, it really depends on how your portfolio is skewed as to how you viewed today’s trade. If you’re in banks and financials, particularly AMP (+13%), along with other defensive sectors like Consumer Staples and Utilities – you probably thought today was a cracker.If on the other hand, your portfolio is skewed more to Energy and Mining names, particularly in uranium and gold…well…it’s crackers for dinner for you this Thursday night! �On that note…Let’s dive in! Today in Review Thu 08 Aug 24, 4:23pm (AEST) Name Value % Chg Major Indices ASX 200 […]

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