The S&P/ASX 200 corrected its early tumble to add back 12 points, or 0.14%, to close at 8,308.2 points on Monday (24 February).
The index has lost 2.89% over the past five days, and sits 3.56% below its 52-week high.
Five sectors ended the session in the green, with utilities leading the way on a daily gain of 3.35% and a five-day climb of 2.88%.
Information technology was hit the hardest with a 7.04% retreat. Materials tumbled 1.64%, energy fell 1.16% and industrials slid 0.48%.
Alcoa (ASX:AAI) slumped 5.42% to $54.72, Rio Tinto (ASX:RIO) slid 2.98% to $119.80, Newmont (ASX:NEM) retreated 2.81% to $71.05, Northern Star Resources (ASX:NST) fell 2.09% to $17.77 and South32 (ASX:S32) was off 1.87% at $3.67.
The S&P/ASX200 is Australia’s leading share market index and contains the top 200 ASX-listed companies in terms of market capitalisation, and accounts for about 80% of the country’s equity market. The index is designed to measure the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalisation.
It is recognised as the institutional investable benchmark in the country.
Write to Angela East at Mining.com.au
Images: ASX & Stock
