Oil, coal exporters lift ASX; CBA finishes below $100
Key Posts
Ahmed Fahour says non bank lenders set to struggle
Arizona Lithium directors pocket 111.5 million share rights
EQT raising to buy Insignia’s Australian Executor Trustees
Investors savage TPG after first-half underperformance
Cochlear posts record revenue despite surgery deferrals
Best and worst at lunchtime
Shares flat; energy, miners gain
A strong day for the energy and materials sector was offset by falls among the banks and healthcare businesses to see the S&P/ASX 200 finish close to flat with a 0.02 per cent gain to 7114.5 points.
The energy sector surged on worries over shortages as Europe heads into Autumn. Coal miner Whitehaven Coal soared 6.2 per cent to $7.36, with New Hope up 4 per cent. Oil and LNG majors Santos and Woodside both added more than 4 per cent.
TPG Telecom was the worst performer after missing analysts’ expectations for sales and profit. It plunged 12.4 per cent to $5.80, with chicken farmer Inghams losing 9.4 per cent.
Australia’s largest bank, CBA, dropped $1.04 or 1 per cent to close below $100 at $99.95.
Latest In Equity markets
Fetching latest articles
