The S&P/ASX 200 Index fell 1 per cent to 7332.5. Megaport declined 16.2 per cent to $15.32 and Harvey Norman rose 3 per cent to $5.20.
P/ASX 200 Index fell 1 per cent, or 76.3 points, to 7332.5 points. The All Ordinaries fell 1 per cent to 7656.6. The information technology sector dropped 2.6 per cent.was met with a negative reception to its second-quarter trading update. Monthly recurring revenue was $9.2 million for December, up 7 per cent quarter-on-quarter. Second-quarter group revenue was $26.6 million, up 8 per cent against the first-quarter.
Lithium and battery metals stocks were weaker, led by battery technology developer Novonix down 9.7 per cent to $9.22. Allkem, which is the combined Orocobre and Galaxy resources, fell 6.9 per cent to $10.81.Iron ore traded in the spot market rose 2.7 per cent to $US127.30 a tonne according to SP Global Platts. BHP Group edged 0.3 per cent lower to $46.56, Rio Tinto added 0.2 per cent to $109.91, and Fortescue Metals Group lost 1.5 per cent to $20.44.
BKI Investment Company said its net operating profit after tax and before special investment revenue climbed 104 per cent to $29.5 million for the six-month period, as companies within the portfolio increased earnings distributions.
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