Guzman Y Gomez surges on listing. ASX lower in quiet trade

Australian shares turned lower in the final hours of trading, with the S&P/ASX 200 down 16 points, or 0.2%, at 7761.60 around 2:30 pm. Despite gains in energy stocks, which remained the best-performing sector up 0.7%, the broader index faced moderate declines. Woodside shares rose by 1.2%, driven by overnight gains in oil and LNG.

Today, the Australian share market saw a broad rally, pushing the S&P/ASX 200 Index up by 0.9%, or 68.2 points, to 7768.5 by midday. All 11 sectors were in the green, with investors eagerly awaiting the Reserve Bank of Australia’s (RBA) cash rate decision at 2.30pm AEST.

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