Australia: Shares recover to close higher as investors pick banks
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SYDNEY] Australian shares recovered from early losses to close higher on Monday as investors flooded back into banks following a sell-off and some company profit announcements beat expectations.
After dipping at the open, the S&P/ASX 200 index reversed course to finish up 0.63 per cent or 34.42 points at 5,509.2. On Friday, following ANZ's capital raising announcement, the benchmark fell 2.4 per cent, its biggest one-day fall in three years.
New Zealand's benchmark NZX 50 index closed down 3.6 points or less than 0.1 per cent at 5,865.0.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off ’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
