ASX 200 rises as banks, miners seesaw; Sigma rockets on ACCC nod to Chemist merger; NAB profit down; Regis legal challenge
ACCC gives nod for Sigma's multibillion dollar union with Chemist Warehouse. Regis launches legal action against Plibersek mine decision. Kerry Stokes starts swinging at AGM. Business leaders warn of Trump trade implications.
Welcome to the Trading Day blog for Thursday, November 7. The ASX 200 index closed 0.3 per cent higher to 8226.30 points after a rollercoaster day. All three major Wall Street indexes closed at record highs on Donald Trump's victory.
The Aussie dollar is trading around US66.21c at 5.30pm AEDT.
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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.