Trading Day: ASX ends down 0.2% at day's low
Stocks fall 0.2% in quiet trading as reopening stocks weaken, but Fortescue leads a rise in iron ore miners, NIB Holdings surges on positive trading update.
Welcome to the Trading Day blog for Monday, April 26. The Australian sharemarket hovered around the flat line, with NIB soaring after an update but most sectors in the red. McGrath flagged rebound, Downer sold tyres business. Vitalharvest backed Macquarie offer.
Today's trade comes ahead of a busy week that will see quarterly production updates from Fortescue, Newcrest Mining and South32, as well as updates from grocery giants Coles and Woolworths, and a handful of IPO debuts.
ASX to waver; CBA profit beats estimates
CBA to pay bigger dividend than expected as over-valuation concerns remain. Suncorp's March cash windfall, buyback promise. US shares mixed after US Fed chair says no rush on rate cuts. Oil on the boil; gold nears $US3000 per ounce.
ASX ends flat with CSL the main drag
The local share market closed flat as CSL dives after its results, Macquarie jumps on its trading update, gold miners up as gold hit a record, SGH soars on strong results, Nine, Seven West Media up on positive signs for advertising. Australian carveout on Trump tariffs 'under consideration'.