Oil drop hits Santos as rest of ASX pushes higher
Santos Limited will start Thursday’s Australian trade lower after shares ended at A$7.36 on Wednesday, off 1.21%. The session saw a wider market move out of energy stocks. ASX’s regular hours—09:59:45 to 16:00 in Sydney—were still to come at the time. S&P/ASX 200 closed 0.5% higher at 8,966, touching a 20-day high, but that masked a rough session for energy stocks. Energy dropped 2.2% and was the day’s weakest group. Tech, materials and consumer discretionary shares did most of the work.