Kalkine Media
Published Sep 08, 2022 21:07
Here’s how the Australian ‘big four’ banks are faring on ASX
Today, 10 out of 11 significant sectors under the Benchmark S&P/ASX 200 index have opened their respective trading sessions in the red territory. The ASX 200 Financials sector was one of such worst performing sectors on ASX on Wednesday. On Thursday too, the sector was quoted 2.08% down at 10:20 AM AEST.
The S&P/ASX 200 Financial sector (INDEXASX:XFJ) closed trading at 6707.2 points after losing 1.996% or 136.6 points on ASX on Wednesday (7 September 2022).
Meanwhile, the S&P/ASX 200 Banks (INDEXASX:XBK) closed yesterday’s trading session 2.18% lower at 2453.9 points on ASX.
h2 What were the recent developments in the Australian economy?/h2The Australian economy achieved the following in the June quarter that ended on 30 June 2022:
This article primarily features the ASX performance of the ‘big-four’ Australian banks- Australia and New Zealand Banking Group Ltd (ASX:ANZ), Commonwealth Bank Of Australia (ASX:CBA), National Australia Bank Ltd (ASX:NAB), and Westpac Banking Corp (ASX:WBC).
h2 Australia and New Zealand Banking Group Limited (ASX:ANZ)/h2Shares of Australia and New Zealand Banking Group Limited (ASX:ANZ) opened 0.90% up at AU$22.49 a piece on Thursday. The stock however, closed Wednesday’s trading session in the red territory.
Australia and New Zealand Banking Group’s share price declined almost by 20% on ASX over the last 12 months. Furthermore, the bank’s YTD-based share price marked a loss of 19.80% on ASX as of 10:14 AM AEST today.
h2 Commonwealth Bank of Australia (ASX:CBA)/h2One of the Australian ‘big four’ banks, Commonwealth Bank of Australia (ASX:CBA) shares opened 0.68% up at AU$94.74 per share today.
Commonwealth Bank’s share price marked a loss of 7.92% on ASX during last one year. On the other hand, Commonwealth Bank’s YTD-based share price fell by 7.55% (as of 10:16 AM AEST on ASX today).
h2 National Australia Bank Limited (ASX:NAB)/h2Shares of the notable financial institution, National Australia Bank Limited (ASX:NAB), opened 0.75% higher at AU$29.51 per share on ASX today.
In last one year, National Australia Bank’s share price has gained 2.36% on ASX. Its year-to-date share price has gained 0.44% as of 10:17 AM AEST on ASX.
h2 Westpac Banking Corporation (ASX:WBC)/h2Shares of one of the Australian ‘big four’ banks, Westpac Banking Corporation (ASX:WBC), ended Wednesday’s trading session in the red zone. However, on Thursday, the shares opened 1.15% stronger at AU$21.06 per share.
Over the last 12 months, Westpac’s share price registered a loss of over 19% on ASX. Furthermore, Westpac’s YTD-based share price declined by almost 3% (as of 10:18 AM AEST on ASX).
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Written By: Kalkine Media
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