Business
ASX to open flat (but near record highs), as unprofitable AMC cinema flogs more shares – ABC News
The Australian share market slips from its highest levels ever, while ‘meme’ stock AMC Entertainment experiences another rollercoaster session as analysts warn its…
After scaling record highs for two days in a row, Australian shares have slipped in morning trade after commodity prices fell sharply and inflation worries resurfaced.
By 10:20am AEST, the benchmark ASX 200 index was down 0.1 per cent to 7,251 points.
Many of the worst performers were gold stocks like Silver Lake Resources (6.8pc), Ramelius Resouces (-6.7pc), Perseus Mining (-5.3pc) and Northern Star Resources (-4.9pc).
On the flip side, Origin Energy (+2.9pc), Graincorp (+2.3pc), Domain (+2.2pc)…
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