No Idea
On Wednesday every sector bar technology closed stronger and yesterday every sector bar two closed lower. When the opening bell rang yesterday nothing happened. By 11.30am the index had struggled to up ten points before heading south all afternoon.
The two sectors posting gains were materials (+1.4%) on a pop in the gold price and utilities (+0.7%) as Spark Infrastructure came out of its trading halt and rose another 6.1%. Spark is prepared to chat to the consortium on the hunt, but not to allow due diligence.
Given the market was not fazed about the extended Sydney lockdown on Wednesday, probably focusing on federal/state government assistance, the new Melbourne lockdown was likely not the trigger for the sell-off.