The strong run of gains ended for the ASX 200 ended on Tuesday as the benchmark index fell 0.19%.
It was a tough day for domestic equities with IPH Ltd (ASX: IPH) the top performing stock with a gain of just 2.13%.
Only the ASX 200 Consumer Staples (+1.04%), Health Care (+0.25%) and Materials (+0.14%) sectors climbed higher on Tuesday. Information Technology (-1.29%) and Energy (-0.76%) were the hardest hit in yesterday’s trade.
Here are 3 of the biggest events and share price movements you might have missed yesterday, on a disappointing day on the Aussie markets.
1. HUB24 share price hammered despite record inflows
The HUB24 Ltd (ASX: HUB) was the worst performing ASX 200 stock on Tuesday after its latest half-year update.
The financial platform provider recorded first half net flows of $2.5 billion for the period ended 31 December 2019.
Quarterly net inflows rose 67% on the prior corresponding period (pcp) to $1,259 million with gross inflows of $1,668 million.
These record numbers weren’t enough to please shareholders though as the HUB24 share price was hammered lower yesterday.
2. BHP shares fall on Tuesday after production update from ASX 200 miner
BHP’s Petroleum production came in 9% down on pcp at 57 million barrels of oil equivalent. Iron Ore was up 2% on pcp to 121 megatonnes while the group’s Copper production jumped 7% on pcp.
The other good news for shareholders was guidance remained unchanged for both production and guidance.
The ASX 200 mining stock is up 5.96% in 2020 to be 30 basis points above the benchmark index by Tuesday’s close.
3. Ramsay Health Care share price hits 52-week high
The ASX Healthcare sector climbed 0.25% higher yesterday largely thanks to Ramsay Health Care Ltd (ASX: RHC).
Ramsay’s shares climbed 0.63% to a new 52-week high of $77.99 on Tuesday.
The $15.8 billion healthcare provider has had a strong start to the year and is approaching the $80 barrier and a new record high.
On a broadly disappointing Tuesday for markets, this ASX 200 healthcare group was one strong performer.
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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Hub24 Ltd. The Motley Fool Australia has recommended Hub24 Ltd and Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.