Australia shares end up as CBA result boosts banks, NZ slips
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SYDNEY] Australian shares clawed back early losses and ended higher on Monday as upbeat quarterly results from Commonwealth Bank of Australia boosted financial stocks, while New Zealand stocks edged lower.
After dipping as much as 0.5 per cent, the S&P/ASX 200 index reversed course to close up 28.7 points, or 0.5 per cent, at 5,320.7. The benchmark has gained 8 per cent in the past month.
Commonwealth Bank ended up 1.9 per cent.
New Zealand's benchmark S&P/NZX 50 index slipped 13.1 points, or 0.2 per cent, to 6,885.1, close to the 6,906.1 closing high it reached on April 21.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
