ASX stocks end the trading day down. – NEWS.com.au

The Australian sharemarket has slipped after recent gains coinciding with economic sentiment indicators signalling a long road to recovery for the Australian economy. The benchmark S&P/ASX200 fell 36 points, or 0.6 per cent to 5941.1, with losses fuelled by strong declines in technology stocks.
The broader All Ordinaries index shed 44 points, or 0.7 per cent to 6045.5, while the Australian dollar at the end of session was up 0.16 per cent to US69.50 cents.
Subdued performance across the sharemarket on Tuesday coincided with economic research by NAB indicating business conditions and confidence were starting to improve, but still remained broadly negative.
NAB’s monthly survey showed business conditions for June had risen 17 points to an index position of negative seven points.
NAB chief economist Alan Oster said the rebound in sentiment could be tested by the reintroduction of lockdowns in Victoria, which were implemented after the bank’s survey was conducted.
“While the turnaround has possibly occurred faster than expected, things have certainly not fully recovered,” Mr Oster said.
Australian tech darling Afterpay sustained one of the largest daily falls, sliding 7.2 per cent to $66.55 per share, only eclipsed by healthcare group Mesoblast, which fell 7.5 per cent to $3.2 per share.
Debt collectors Credit Corp experienced the largest upswing, rising 6.7 per cent to $16.29 per share.
All major banks ended the session down, with the country’s largest retail bank, the Commonwealth, posting a 0.5 per cent fall to $71.73 per share.
Westpac fell 0.8 per cent to $17.83 per share, ANZ dropped by 1.2 per cent to $18.42 and NAB closed the day down 0.4 per cent to $18.10.
Australia’s major miners made some ground with Rio Tinto’s share price rising 1.4 per cent to $101.25, while BHP rose 0.1 per cent to $37.08 per share.
Fortescue Metals also rose 0.1 per cent to $15.51 per share at the close, while Newcrest Mining sharply fell 2.5 per cent to $32.50 per share.
Gaming group Aristocrat rose 2.5 per cent to $25.09 per share, while Star Entertainment Group suffered a 2.3 fall to $2.63 after recent revelations of a potential COVID-19 cluster outbreak at its Sydney Star casino.
Wesfarmers’ stock fell 0.15 per cent to $45.98 per share, while Woolworths ended the session down 0.21 per cent to $38.41 each.

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