NAB’s announcement of a drop in profit to $7.1 billion could be a sign for the rest of the banking industry.

MARKET WRAP:
ASX200: up 0.33%, 8,226
GOLD: $2,669 US/oz
BITCOIN: $113,299 AUD
Energy was the best-performing sector, up 2.3%, with Real Estate the worst, down 2.1%.
Sigma Healthcare saw its share price spike after that ACCC green light, closing up almost 25% to $2.43.
Neuren gained 8.5% to $14.40 after predicting full year income of $216 million.
NAB’s full-year cash profits of $7.1 billion was only good enough to see shares lift 0.2% to $39.33.
Health insurer NIB’s shares gained 1.9% as it held its AGM.
Jumping by more than 1% were Yancoal, Treasury Wines and South 32.
The gold price tumbled in the wake of the US election, down more than 3% and hurting local miners with Spartan Resources down over 17%, Westgold down 8.4% and Bellevue Gold down 7.7%
While buy-now, pay-later provider Zip dropped 1% despite cash earnings in the first quarter up by 234%.

CURRENCY UPDATE:
AUD/USD: 66.27 US cents
AUD/GBP: 51.3 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 102 Japanese yen
AUD/NZD: 1.10 NZ dollars

NAB’s announcement of a drop in profit to $7.1 billion could be a sign for the rest of the banking industry.
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: up 0.33%, 8,226</li>
<li aria-level="1">GOLD: $2,669 US/oz</li>
<li aria-level="1">BITCOIN: $113,299 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">Energy was the best-performing sector, up 2.3%, with Real Estate the worst, down 2.1%.</li>
<li aria-level="1">Sigma Healthcare saw its share price spike after that ACCC green light, closing up almost 25% to $2.43.</li>
<li aria-level="1">Neuren gained 8.5% to $14.40 after predicting full year income of $216 million.</li>
<li aria-level="1">NAB’s full-year cash profits of $7.1 billion was only good enough to see shares lift 0.2% to $39.33.</li>
<li aria-level="1">Health insurer NIB’s shares gained 1.9% as it held its AGM.</li>
<li aria-level="1">Jumping by more than 1% were Yancoal, Treasury Wines and South 32.</li>
<li aria-level="1">The gold price tumbled in the wake of the US election, down more than 3% and hurting local miners with Spartan Resources down over 17%, Westgold down 8.4% and Bellevue Gold down 7.7%</li>
<li aria-level="1">While buy-now, pay-later provider Zip dropped 1% despite cash earnings in the first quarter up by 234%.</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 66.27 US cents</li>
<li aria-level="1">AUD/GBP: 51.3 pence</li>
<li aria-level="1">AUD/EUR: 61 Euro cents</li>
<li aria-level="1">AUD/JPY: 102 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.10 NZ dollars</li>
</ul>

Join Deborah Knight for Money News, the most respected business program on radio.


If you crave the latest insights into super & small business, interest rates & investment, and economics & e-commerce, then the team at Money News has everything you need to know.


Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing moneynews@2gb.com

Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

Advertisement