banks

A new report has identified “blanket de-banking” of certain sectors, and reminded the banks that commerciality must be balanced with corporate social responsibility.

ASX overcomes lockdowns, BHP, ResMed hit records, Rio Tinto’s production issues The ASX 200 (ASX: XJO) managed a 0.2% gain on Friday even as the Delta outbreak spread across the country. It was generally positive across the board with only the energy and utilities sectors weakening, down 0.6% and 0.4%, respectively. The consumer discretionary and healthcare sectors…

ASX weakens, industrials gain as corporate activity booms, Chinese exports jump The ASX 200 (ASX: XJO) weakened throughout the day to finish slightly lower than it started on Tuesday. The majority of the weakness came from the energy, down 0.6%, and real estate sectors, down 0.9%. Woodside Petroleum Limited (ASX: WPL) and GPT Group (ASX: GPT) were among the hardest hit,…

Tech sell off drags ASX, banks, gamblers hit, Solomon ramps up push for Myer board spill The ASX 200 (ASX: XJO) followed a weak global lead to fall close to 1% on Friday, despite a late afternoon recovery. Every sector was lower across the board barring energy, which continues to benefit from the impasse between members of…

ASX losing direction, Zip on fire, Rural expands macadamia farm It was another mixed day for the ASX 200 (ASX: XJO) on Thursday, finishing slightly higher, up 0.2%, despite a strong opening. Thursday’s gains came from the IT and consumer staples sectors, which were both over 1% higher for the day, the former driven by a large…

Positive finish to the week, Seven gets serious on Boral, property lending spikes The ASX 200 (ASX: XJO) finished the week on a positive note, adding 0.5% behind a rally from the energy (+1.6%) and industrial (+1.2%) sectors. The dogs of last financial year were the biggest contributors on Friday, with Nuix Ltd (ASX: NXL) and A2 Milk Company Ltd (ASX:…

Late comeback delivers, energy in the red, dividends hit real estate, CKF falls on earnings The ASX 200 (ASX: XJO) staged a remarkable recovery, managing a flat day despite falling as much as 0.9% on Tuesday morning. Energy, materials, and utilities were amongst the weakest performers, with a raft of dividend payments pulling the real estate sector…

Strongest day in four months, Fed backs off, lithium miners rally The ASX 200 (ASX: XJO) experienced its best session in four months, adding 1.5% on Tuesday, all but erasing Monday’s losses. Every sector but healthcare finished higher, with real estate and energy the biggest beneficiaries adding 2.2% respectively. The positive sentiment came from Fed Chair Jerome Powell’s written…

ASX dragged down by US sell off, CBA sells general insurance arm, Boral out of the US The ASX 200 (ASX: XJO) followed global markets lower to begin the week, falling 1.8% after being as much as 2% lower during the session. Among the most significant detractors was the Commonwealth Bank of Australia (ASX: CBA), with Australia’s largest company…

ASX, Comm Bank, and Mineral Resources close at records, Austal sold off  The ASX 200 (ASX: XJO) continues to hit new records, moving 0.9% higher on Tuesday, with pent-up Queen’s Birthday demand behind the surge. Every sector in the market moved higher but it was healthcare behind CSL Limited (ASX: CSL), up 1.7%, and IT behind Afterpay Ltd (ASX: APT) up…