Image Source: © Piter2121 | Megapixl.com
- Australian banking biggie National Australia Bank has closed the week’s trade in red.
- While ASX200 Banking Index (XBK) remained in green, up by about 0.61%, NAB share price lost some shine.
- Amongst the Big four banks, WBC and NAB ended the weeks trade lower.
Australia’s banking bigshot National Australia Bank Limited’s (ASX:NAB) share price, as of Friday (8 April 2022) market close, stood at AU$32.44 a share down about 0.92% on previous close. Though in the last five days of trade NAB’s share price has appreciated slightly, the last trade session ended in red. While the sectoral representative ASX200 Banking Index (XBK) gained about 0.61% today, NAB share price did not follow suit.
What pulled NAB share price in red today?
How did NAB’s peers close the week’s trade?
While NAB share price appears in red at the week’s trade close, its peers, ANZ and CBA’s share price is in the green zone. Only WBC shares have followed suit closing about 0.04% lower today. The reason being the federal court’s fine against the bank for a case launched by ASIC in November.
Meanwhile in the last 5 days of trade on the ASX, share price of all the Australian big-four banks have gained. ANZ has remained the best performer amongst the four this week and its share price has appreciated by 22 cents per share in the last 5 days of trade.
The banking majors have painted a mixed picture as the week closes. As NAB remains one of the most tracked stocks from the financials and banking sectors on the ASX, how its shares begin the coming week trade will be worth a watch.
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and