The S&The P/ASX 200 Index fell 12.1 points (0.2%) to 7481.7. The All Ordinary Index fell 0.1% to 7700.4.
CBA shares fell less than 0.1% to close at $109.76.
Monday’s record beats the CBA’s interim results due Feb. 15, when banks are poised to report better-than-consensus earnings, according to Macquarie’s banking team. , the outlook for the Big 4 becomes more grim as the benefits of rising interest rates disappear and impairment charges rise.
CBA went partially public on September 12, 1991 at $5.40 per share. In 1993, the federal government sold an additional 178 million shares to private investors for $9.35 and fully privatized the business in 1996 with a buyback offer.
The BHP Group fell 0.6% to $49.23.
Singapore iron ore futures rose 1.5% in the March contract to $128.30 per tonne, trading at a seven-month high. In energy, West Texas Intermediate fell 0.2% to $79.50 a barrel in March and Brent crude fell 0.3% to $86.37 a barrel.
Woodside Energy fell 0.3% to $36.30.
China’s surprise order for students enrolled in overseas universities to return to campus as soon as possible, announced on the Ministry of Education’s website over the weekend, has prompted some Chinese students to worry about the start of the new semester late. Hurrying to get back to Australia to start. February.
China wants to reconnect with the world, which means government officials, business delegations, tourists and students are traveling again after three years of isolation. Australian Financial Review‘s North Asia correspondent Michael Smith reported.
Shares of IDP Education rose 2.9% to $31.37.
Lynas Rare Earth rose 6.9% to $9.71 despite acknowledging the possibility of halting some processing operations under conditions imposed by Malaysian authorities.
A partial closure of some downstream processing operations at Kuantan would be a worst-case scenario for Lynas. Managing Director Amanda Lacaze said the company is making good progress with her Kalgoorlie cracking and leaching plant, but has a contingency plan in case the July 1 deadline is not met. He said he was.
Lithium and battery metal stocks rose. Core Lithium rose 8.9% to $1.23 and Novonix rose 7.5% to $1.93.
Latitude Group rose 9.1% to $1.50 after David Jones (under new private equity owner Anchorage) chose Latitude as his credit card partner and quit American Express.
The new agreement with Latitude includes a 10-year term. There are approximately 190,000 active David Jones credit card customers as part of the Amex partnership. Latitude intends to acquire David Jones’ existing card portfolio under a further agreement. Beginning in September, we will begin issuing two new credit cards to eligible customers.
In All Ords, Healthia surged 15% to $1.45 after first-half trading, confirming 2023 underlying EBITDA guidance of over $40 million for part of January. Underlying EBITDA for the first half is expected to range from $17.7 million to $18.3 million.
Allied health care providers are also looking for a new chief financial officer after Chris Banks steps down to join fitness & lifestyle group.
