The S&P/ASX 200 Index finished the financial year down 10.2 per cent, and on Thursday Australian shares retreated 2 per cent.
Australian shares extended their downward slide on Thursday, closing out a painful 2022 financial year. The benchmark SP/ASX 200 index sank 2 per cent, or 132.1 points, to 6568, while the All Ordinaries fell 1.91 per cent to 6746.third time this past decade that Australian investors have incurred a negative returnThe S&P/ASX 200 Index finished the financial year down 10.2 per cent and Thursday down 1.97 per cent.
The best performer on the day was sports betting business Pointsbet, which rose 12.4 per cent. However, it is still down 77.4 per cent over the past year.Cryptocurrency bitcoin has tumbled back under $US20,000 this afternoon to trade at $US19,982, and reached as low as $US19,421 over the past 24 hours, according to Coindesk.
It said a sale and recapitalisation process would be run for the company. Trading in the shares will remain suspended during the administration period. Its shares have declined 95 per cent in five years. Ardent Leisure Group says it will return $455.7 million to shareholders after completing the sale of its Main Event cinema business in the US.
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