(Updates to close)
- Gold stocks fall the most
- NAB, Westpac announce deals
- Suncorp results, buyback boost fellow insurers
Australian shares ended flat on Monday as losses in gold and mining stocks offset strong gains in financials, which were lifted by insurers ahead of earnings later this week.
The S&P/ASX 200 index (xjo) closed unchanged at 7,538.4 points, the record closing level hit on Friday.
Gold stocks .AXGD shed 3.2%, the most among all sectors, as bullion dipped after solid U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike from the Federal Reserve.
Evolution Mining (EVN) and Newcrest Mining (NCM) fell 2.4% and 2.7%, respectively.
Miners .AXMM were also among top drags, shedding as much as 1.2%, as iron ore prices came under pressure from prospects of improved supply and weakening Chinese demand.
BHP Group (BHP) , Rio Tinto (RIO) and Fortescue Metals Group (FMG) fell between 0.8% and 1.4%.
Financial stocks .AXFJ were the bright spot, adding 1.3% for the day.
Shares of National Australia Bank NAB.X closed 0.9% higher after the country's third-largest lender said it would buy Citigroup's C.N local consumer unit in a deal valued at about $882 million.
Insurer Suncorp Group (SUN) climbed 7.8% after announcing strong annual results and a share buyback that supported outsized gains by the sector.
Insurance Australia Group (IAG) and QBE Insurance (QBE) added 4.6% and 3.2%, respectively, ahead of earnings later this week.
Westpac (WBC) rose 1% after it agreed to sell its domestic life insurance business to Japan's Dai-ichi Life Holdings 8750.T for A$900 million ($660 million).
Australia's pharmaceutical regulator granted provisional approval to Moderna's MRNA.O COVID-19 vaccine, while authorities in New South Wales expanded lockdown measures to the countryside.
New Zealand's benchmark S&P/NZX 50 index (nz50) fell 0.5% to 12,700.83. ($1 = 1.3604 Australian dollars)
- Forums
- ASX - By Stock
- QBE
- News: QBE Miners hold back Australian shares even as financials gain
News: QBE Miners hold back Australian shares even as financials gain
Featured News
Add QBE (ASX) to my watchlist
(20min delay)
|
|||||
Last
$18.41 |
Change
0.330(1.83%) |
Mkt cap ! $27.65B |
Open | High | Low | Value | Volume |
$18.19 | $18.41 | $18.13 | $66.55M | 3.627M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | $18.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.41 | 53540 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | 18.400 |
3 | 11019 | 18.310 |
2 | 9909 | 18.300 |
2 | 25845 | 18.280 |
4 | 23589 | 18.270 |
Price($) | Vol. | No. |
---|---|---|
18.410 | 49964 | 2 |
18.430 | 35989 | 4 |
18.440 | 9791 | 1 |
18.450 | 942 | 1 |
18.470 | 540 | 1 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
|
|||||
Last
$18.36 |
  |
Change
0.330 ( 1.47 %) |
|||
Open | High | Low | Volume | ||
$18.20 | $18.39 | $18.13 | 1954862 | ||
Last updated 15.59pm 06/06/2024 ? |
Featured News
QBE (ASX) Chart |