Markets Live: Banks drag down ASX
The ASX ends the month higher despite banks dragging over the period, with Thursday's announcement of a banking royal commission the latest blow to the sector.
The ASX ends the month higher despite banks dragging over the period, with Thursday's announcement of a banking royal commission the latest blow to the sector.
Gains for the big four banks helped the ASX to advance on Wednesday, with the benchmark closing firmly over the key 6000 level for the first time since the middle of November.
Australian shares ended a choppy session on a sour note on Tuesday, with some strong gains for supermarkets and Origin not enough to offset losses for miners and banks.
Shares started the week on a positive note on Monday, with Macquarie jumping over $100 for the first time, although losses for Telstra worked to limit upside.
A sharp move higher in iron ore over the week and buoyant oil prices boosted resources stocks and left the ASX in the green for the week.
Shares slip in early trade with distaste for banking stocks failing to outweigh appetite for resources. with the ASX 200 slumping just below 6000 points.
Resources names lead a broad rally on the ASX, as investors dump Webjet after an updated earnings guidance.
The ASX regains some of its mojo to end the day near session highs, as some of the smaller ASX names help move the sharemarket dial.
Shares suffer another tough start to the week, but recover most of their steep early losses, while the Aussie dollar trades at a five-month low.
Shares ended a dour week on an upbeat note on Friday after a solid night of trading on Wall Street, with pessimism around commodities weighing on the ASX over the five days.
Shares end the week lower despite an upbeat couple of final sessions, with worries around commodity prices, US tax reform and the sustainability of the ASX's recent rally weighing.
Buying in the big banks and energy stocks help the ASX snap a four-day losing streak, amid a busy day of annual meetings and after the jobless rate dropped to a near five-year low.
No joy for Aussie shares as the ASX trades in the red for a fourth straight session, with materials stocks leading the losses amid a mini metals melt-down.
The benchmark top 200 index crashed back through 6000 points today as investors made room in their portfolios for Shell's former stake in Woodside.
Shares are dragged lower by ANZ and Westpac trading ex-dividend, while IRESS is sold sharply down after a trading update and investors react luke-warmly to Aurizon's proposed acquisition.
Shares ended the week on a sour note but remained comfortably above the 6000-point threshold reached on Tuesday to hover around post-GFC highs.
Shares are stronger once again, with the benchmark extending gains beyond the key 6000 mark as miners advance.
Shares on Wednesday moved firmly beyond 6000 as investors bought into banks following a well-received earnings update from CBA.
The ASX 200 finished the session above the 6000 level for the first time since January 2008 in a landmark day for the Australian market.
A poorly received earnings result from Westpac soured the mood among investors and flattened the ASX.
Australian shares eased back on Thursday, with the benchmark index ending the session in the red as losses for the banking sector offset more gains from miners and energy companies.
Investors celebrated 10 years since the ASX peak with a solid day of trade that sent the All Ordinaries index past 6000 points for the first time since the GFC.
ASX struggled to stay positive as Bendigo and Adelaide slides in the banking sector, offsetting gains from Woolworths.
Shares enjoyed solid buying throughout Monday, largely boosted by investor appetite for most of the banks and energy stocks.
Shares ended Friday's session in the red, after the government lost its one seat majority, with the move tipping the bourse into a loss for the week.
Australian shares pulled off early lows to advance again on Thursday, as gains from healthcare and consumer staples stocks offset earnings-related losses from ANZ and Qantas.
A hefty fall in Wesfarmers shares weighs on the sharemarket as the ASX manages to eke out some gains, while soft inflation send the Aussie sharply lower.
Shares are in a holding pattern as banks continue to ease ahead of their earnings results, while the Productivity Commission makes some bold calls on how to boost the economy.
A mixed performance from the big banks offset some solid buying in the telco sector as the ASX snapped an eight-day winning streak.
Shares stumbled early only to push higher through the session to extend their two-week rally, wth the ASX 200 closing above 5900 points for the first time in over five months.
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