S&P/ASX200 Down In Day’s Trade, Major Banks Trade Lower

S&P/ASX200 is trading down today by 0.7 percent, currently trading at 6189.70 (As at Fri 05 Apr 19, 02:52 PM).

The fall is led by the technology sector, down by 1.8 percent, health care sector down by 1.1 percent, consumer staples down by 1.2 percent.

The financial sector is also down in today’s trading session.  S&P/ASX 200 Financials (Sector) is trading at 5,835.5 trading down by 0.82 percent.

Let’s have a look at how National Australia Bank Limited (ASX: NAB), Australia And New Zealand Banking Group Limited (ASX: ANZ), and Commonwealth Bank of Australia (ASX: CBA) are doing in today’s trade.

National Australia Bank Limited is trading under pressure on ASX at A$24.790 down by 1.51 percent as compared to its previous day’s close price.

The company announced to the exchange yesterday regarding NAB becoming a substantial shareholder in MYOB Group Ltd (ASX: MYO) on 1st April 2019, with a total shareholding of 29,923,741 voting shares resulting in voting power of 5.065 percent in the company.

NAB also announced to the exchange that it has reduced its total holding in Healthscope limited (ASX: HSO) from 119,687,356 shares representing 6.874 percent voting power to 97,698,193 shares representing 5.611 percent voting power.

NAB has a market capitalisation of A$70.76 billion, the 52-week high price is A$29.640, and 52-week low price is A$22.520. As per the latest ASX declaration, the company has an EPS of A$2.013 and current dividend yield of 7.87 percent.

Australia and New Zealand Banking Group Limited’s shares are also under pressure as of this writing, with the shares trading down by 0.95 percent at A$26.010.

On 22 March 2019, the company announced the completion of its $3 billion share buyback. ANZ bought back 108.7 million ordinary shares which equates to ~3.7 percent reduction in ordinary shares.

The share price of ANZ has been in a mild downturn in the past one month, with a downtick of 5.74 percent. However, ANZ shares have returned a positive 10.06 percent in 2019.

ANZ has a market capitalisation of A$74.4 billion, the 52-week high price is A$30.390, and 52-week low price is A$22.980. As per the latest ASX declaration, the company has an EPS of A$2.216 and current dividend yield of 6.09 percent.

Commonwealth Bank of Australia’s shares were relatively under less pressure on trade today. The shares were trading at $71.10 down by 0.18 percent.

On 28 March 2019, the company released letter to the shareholders on 2019 half year highlights. The chairman, Catherine Livingstone, in her letter to the shareholders primarily highlighted on the path up ahead for the company post the Royal Commission Final Report. The Bank’s balance sheet has been strengthened with the Group’s key capital measure currently above the level set by APRA. The letter also acknowledged that The Royal Commission has been a valuable process and the bank is committed to implementing the recommendation. The bank has set a new code of conduct for its employees, and the Executive leadership team is made accountable for non-financial risk, and financial risks in the business. Changes have been made to the leaders’ remuneration to ensure they deliver on the priorities set.

CBA has a market capitalisation of A$126.09 billion, the 52-week high price is A$76.740, and 52-week low price is A$65.230. As per the latest ASX declaration, the company has an EPS of A$5.132 and current dividend yield of 6.05 percent.


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