Steve Daghlian

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Eight straight days of declines for the Aussie market, but most sectors still rose in April.

Good afternoon, I'm Steve Daglian.

I'm Laura Bessarati.

It's Thursday, the 30th of April.

Welcome to the CommSec Market Update.

I was going to ask you how long it took to find that stat, because for me too, I had the same statistic.

That's right.

It did take a long time.

So that means the market has basically shed around 3.4% of its value over that losing streak as well.

We're sitting at a fresh three-week low as well.

And I think it's easy to forget that despite this losing streak, the market is still up this month.

We're still up by roughly 2%.

But I think it doesn't really feel like that because a few weeks ago, we're up three times as much.

And this decline has just taken some of that shine off.

Yeah, and really helpful for markets when you get hot inflation and the expectation of more interest rate hikes to come.

Early in the month as well, we actually cracked 9,000 points for the first time in, I mean, not that long, but still, of course, in March, we had that really big decline of almost 8%.

So things were looking pretty good.

And I think we were hitting our head on that 9,000 point ceiling for a while.