This morning (19 June), the Australian Securities Exchange (ASX) opened 1.05% lower for end-of-week trading, with materials becoming the worst-performing sector.
The ASX has lost 93.60 points to 8,817.50 points at market open, after setting a new 20-day high in previous trading sessions.
The materials sector has dropped by 2.79% today, while the energy sector has fallen 0.97%.
Resources companies dominate the top declines during today’s trading.
Companies among the top five declines include bauxite, alumina, and aluminium producer Alcoa Corporation (ASX:AAI), followed by Newmont (ASX:NEM) and Evolution Mining (ASX:EVN).
Alcoa has fallen 5.23% to trade at $84.61, while Newmont and Evolution have fallen 4.66% and 4.5%, respectively.
The bourse is currently sitting 4.19% below its 52-week high.
Write to Maddison Elliott at Mining.com.au
Images: iStock
