Another day, another underwhelming performance. COVID outbreaks in China. US earnings risks. Hot inflation persisting – they’re all contributing to investor caution and choppy price action as liquidity dries up. That was evident across the sectors today with an even split between winners and losers. Healthcare, consumer staples and utilities rose more than 1%. Financials climbed 0.7% while energy added another 0.2%. At the individual level, Zip topped the leader board, jumping 5.6% after scuppering plans to acquire US rival Sezzle. Shares in the latter tanked nearly 34%. Eagers Automotive and Viva Energy put in strong performances, rising 3% and 2.2% respectively after delivering positive updates. The broader S&P/ASX 200 added 4 points, or 0.06%, to close at 6606.3.

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