ASX 200 ends down 0.6pc; CBA hits record high; Amcor-Berry merger; Pinnacle raise; Nick Scali profit warning
Australia's stock market retreats from a record high, but CBA does it again with another record high close, Analysts unpack Amcor's Berry buy. Freight issue risks Nick Scali profit. EV volatility hits PWR Holdings profit margins.
That's all from the Trading Day blog for Wednesday, November 20. The ASX 200 index is closed down 0.6 per cent to 8326.3 points after hitting a record high a day earlier. US futures rise slightly. Nvidia reports after the US close.
The Aussie dollar is trading around US65.24c.
More Coverage
ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.