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Australia shares fall as banks, tech stocks weigh

04/26/2021 | 08:57pm EDT

April 27 (Reuters) - Australian shares fell on Tuesday, with losses in technology and financial stocks outweighing gains in the mining sector as iron ore prices and gold prices firmed.

The S&P/ASX 200 index fell 0.27% to 7,026.5 points by 0027 GMT.

The top percentage gainer on the benchmark was Bingo Industries Ltd, up 6.7%, after the waste management firm agreed to be bought by Macquarie Group for A$2.3 billion ($1.79 billion).

Bingo shares were also the most heavily traded shares by volume.

Shares of Australian betting firm Tabcorp Holdings rose nearly 4% after UK's Entain proposed a $2.7 billion buyout of its wagering and media arm.

The top percentage losers on the benchmark were Mesoblast Ltd, down 3.19%, followed by Adbri Ltd, losing 2.69%.

Among sectors, financial stocks fell 0.44%, led by Zip Co Ltd, down 2.22%, and AMP Ltd, losing 1.75%.

Technology stocks fell 0.12%, led by Appen Ltd , down 0.97%, and Afterpay Ltd, losing 0.47%.

Mining stocks rose 0.43%, led by Piedmont Lithium Ltd, up 6.82%, while gold stocks rose 0.21%.

The energy index fell 0.23,% led by Origin Energy Ltd, down 1.2%, and Beach Energy Ltd, losing 0.91%

In other markets, Japan's Nikkei was down 0.04% at 29114.76.

In New Zealand, the benchmark S&P/NZX 50 index fell 0.11% to 12,636.7. The top percentage losers were A2 Milk Company Ltd, down 3.8%, and Fletcher Building Ltd , losing 1.51%.

($1 = 1.2824 Australian dollars) (Reporting by Arundhati Dutta in Bengaluru; Editing by Krishna Chandra Eluri)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADBRI LIMITED 1.40% 3.61 End-of-day quote.7.76%
AFTERPAY LIMITED -1.66% 102.7 End-of-day quote.-12.97%
AMP LIMITED 0.00% 1.075 End-of-day quote.-31.09%
APPEN LIMITED -2.91% 12.03 End-of-day quote.-51.28%
BEACH ENERGY LIMITED 0.81% 1.25 End-of-day quote.-30.75%
BINGO INDUSTRIES LIMITED 0.00% 3.44 End-of-day quote.40.98%
ENTAIN PLC -1.21% 1830 Delayed Quote.63.43%
MACQUARIE GROUP LIMITED -0.69% 157.78 End-of-day quote.13.94%
MESOBLAST LIMITED -2.08% 1.885 End-of-day quote.-16.22%
ORIGIN ENERGY LIMITED 0.67% 4.5 End-of-day quote.-5.46%
TABCORP HOLDINGS LIMITED -0.61% 4.89 End-of-day quote.25.38%
THE A2 MILK COMPANY LIMITED -4.04% 6.41 End-of-day quote.-46.89%
ZIP CO LIMITED -0.88% 6.74 End-of-day quote.27.41%
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