November 2024

Closing Bell

Closing Bell 7th November: Johns Lyng Group bounces as hurricane repairs build up. ACCC gives approval for Chemist Warehouse takeover

Australian shares fell on Thursday, led by a 2% drop in the real estate sector, as concerns about U.S. President-elect Donald Trump’s tariff policies and inflationary measures overshadowed Wall Street’s post-election rally. The S&P/ASX 200 lost 0.5%, or 38.2 points, to 8161.3, after a 0.8% gain the previous day. The decline was driven by weakness in rate-sensitive sectors, with major banks and mining stocks under pressure. Real estate stocks like Goodman Group and Stockland fell over 3%, while big banks, including National Australia Bank (-3%) and Westpac (-3.4%), posted losses following profit reports.

Closing Bell

Closing Bell 6th November: BTC hits record as markets price in Trump win. ASX rallies following US lead

Australian shares rallied on Wednesday afternoon, tracking a strong lead from Wall Street. The benchmark S&P/ASX 200 Index climbed 0.9%, or 76 points, to 8207.8 by 2:21 PM AEDT, with all 11 sectors in the green. The consumer discretionary sector led gains, rising 1.4%, with Wesfarmers up 1.6% and JB Hi-Fi adding 2.4%. All major banks posted gains, with National Australia Bank leading at 1.2%.

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