ASX 200 ends down; Bank of Queensland dives on Frazis exit, Whitehaven and New Hope rally
Chinese unrest weighs on materials and energy. Healius dives on revenue drop, BoQ drops on CEO exit, oil hits 12-month low and Whitehaven chair dumps 200k shares.
Welcome to the Trading Day blog for Monday, November 28. The Australian sharemarket snapped a four-day winning streak as investors access what impact unrest in China over the country's Covid-19 policies may have.
The S&P/ASX 200 reteated by 0.4 per cent, or 30.40 points, to close at 7229.10. Four sectors were higher lead by communication services.
Crude oil prices have slumped to their lowest level since December 2021 as unrest in China over the country's Covid-19 policies hurts outlook for demand.
The dollar was buying US66.84c at the close.
Bank woes hit ASX; Domain, Mayne top gainers
Takeover bids fire up Domain, Nine, Mayne. Coalition matches Whyalla support promise. RBA too slow to hike rates: Bullock. GYG down on 'soft' US sales. QBE soars. Bendigo Bank cuts rates.
ASX 200 hits 5-week low; $2.4bn for Whyalla Steelworks
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.