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ASX 200 Weekly Wrap: Bank shares push ASX 200 towards all-time high
Sebastian Bowen | May 10, 2021 8:23am |
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S&P/ASX 200 Index (ASX: XJO) has just enjoyed a week in the green, which has pushed the flagship index towards its pre-COVID all-time high. Although the ASX 200’s gain of 0.8% for the week wasn’t particularly impressive on its own, it did end up pushing the index to 7,080.8 points by the end of the week, less than 1% off its all-time high of 7,160 points.
Investors can largely thank the ASX bank shares for this rise. Three of the big four banks reported half-yearly earnings this week.
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April 28 (Reuters) - Australian shares edged higher on Wednesday as energy stocks rose tracking an uptick in oil prices, though losses in gold and technology capped gains.
The S&P/ASX 200 index rose 0.11% to 7,041.5 points by 0027 GMT.
The top percentage gainer on the benchmark index was Ansell Ltd, rising 5.1% after projecting strong sales growth for the half year and full year.
The top percentage losers on the index were St Barbara Ltd , with a 7.6% fall, and JB Hi-Fi Ltd, losing 3.9%, as both companies reported disappointing earnings for the quarter.
Shares of Bingo Industries Ltd were the most traded by volume for the second day in a row, after it said on Tuesday it would be bought by funds managed by Macquarie Group for $1.8 billion.