A Brief Overview On The Day’s Trade; Banking Stocks In Focus

  • Mar 28, 2019 AEDT
  • Team Kalkine
A Brief Overview On The Day’s Trade; Banking Stocks In Focus

The Aussie market witnessed an all green day today, with all the major indices closing in the green.

The benchmark index, S&P/ASX 200 closed the trading day at 6,176.1, up by 0.65 percent as compared to its previous closing price of 6136.0. The the index opened the day’s trade flat at 6,136, however, over the course of the next few hours, the index traded lower reaching a day’s low of 6,115.10.

Post the low point of the day’s trade, the index made a pull back and did not witness any further volatility in its price and closed the session near the day’s high.

The S&P/ASX 200 VIX Index closed the day down by 2.97%.

Among the sector indices, S&P/ASX 200 Consumer Discretionary saw the highest gain in day’s trade as it closed the trade 1.32 percent above the previous day’s close. The materials and resources sector indices also were up as well at the end of day’s trade.

S&P/ASX200 A-REIT (Sector) saw the lowest uptick as it closed the day almost flat with a gain of 0.02 percent. S&P/ASX 200 Real Estate (Sector) and S&P/ASX 200 Information Technology (Sector) both saw a marginal gain of 0.14 percent.

S&P/ASX 200 Financials (Sector) was up by 0.43 percent.

The biggies in banking group, i.e. Commonwealth Bank Of Australia (ASX: CBA) closed the day at A$70.910, up by 0.099 percent, the day’s low was A$70.300 and high was A$71.040, Westpac Banking Corporation (ASX: WBC) closed the day at A$25.950, trading flat, day’s low was A$25.710 and day’s high was 26.000.

Australia And New Zealand Banking Group Limited (ASX: ANZ) closed at A$26.020, up by 0.308 percent, the day’s low was A$25.660 and day’s high was A$26.040. And, National Australia Bank Limited (ASX: NAB) closed the day at A$25.110, up by 0.28 percent, day’s low was A$24.910 and day’s high was A$25.160.

CBA announced its 2019 half yearly highlights; the company reported an increase of 1.7 percent in Cash NPAT of $4,676 million and a statutory NPAT of $4,599 million. The operating income came in at $12,408 million, down 1.9 percent with growth in lending and deposits. Operating expenses saw a reduction of 3.1 percent and came in at $5,289 million. Finally, the company declared an interim dividend of $2.00, fully franked.

WBC announced to the exchange today about the amendment of the previously announced distribution payable on the Westpac VIEW over securities in STW from $0.6990 per security to $0.7044 per security.

ANZ announced today details about the dividend distribution for the security ANZPF- Cap Note 6-BBSW+3.60% PREP NON-CUM T-03-23, the dividend paid is AUD 1.9197. The Ex-Date is 13 September 2019, and the record date is 16 September 2019, and the payment date is 24 September 2019.

NAB informed on 27 March 2019 that the convertible preference shares issued by NAB on 20 March 2013 (ASX: NABPA) were suspended from Official Quotation on 1 March 2019 and repurchased with effect from 20 March 2019.


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