NAB 0.14% $34.64 national australia bank limited

News: NAB Australian shares end lower as materials drag; NZ slips

  1. 184,642 Posts.
    lightbulb Created with Sketch. 2711

    (Updates to close)

    Nov 10 (Reuters) - Australian shares snapped three sessions of gains to end lower on Friday, retreating from recent 10-year highs as weak commodity prices weighed on materials and energy stocks.

    The S&P/ASX 200 index (xjo) ended down 0.3 percent, or 20.025 points to 6,029.4. However, the Australian benchmark ended the week 1.2 percent firmer after the index scaled the psychologically important 6,000 level earlier this week.

    Australia's metals and mining index .AXMM slipped 1.7 percent, hurt by a fall in iron ore prices.

    Chinese iron ore futures drifted down for a third day in a row on Friday amid concerns that consumption of the steelmaking commodity in the world's top user would be reduced as steel producers slash production over winter. [IRONORE/]

    Australia's mining heavyweights BHP Billiton (BHP) and Rio Tinto (RIO) lost 2 percent and 2.3 percent apiece.

    Energy stocks also dragged, with the index .AXEJ losing 1.2 percent after crude oil prices pulled back from a recent rally. [O/R]

    Oil and gas producer Santos Ltd (STO) was the biggest weight on the energy index, and ended down 3.4 percent as it extended losses suffered in the previous session on softer 2018 guidance.

    Among other decliners, financials .AXFJ closed slightly down, with three out of the "Big Four" banks falling in the range of 0.03 percent to 0.5 percent. Top loser National Australia Bank (NAB) ended down after trading ex-dividend on Thursday.

    Australia and New Zealand Banking Group Ltd (ANZ) said a court had approved its settlement with the securities regulator to settle accusations it had manipulated the bank bill swap rate.

    New Zealand's benchmark S&P/NZX 50 index (nz50) fell for a sixth straight session and lost 0.6 percent, or 46.66 points, to 7,974.43, with consumer staples and technology stocks leading mostly broad based losses.

    The index shed 1.1 percent this week. Accounting software firm Xero Ltd (XRO) led the losing stocks on the index, ending down 3.9 percent.

 
watchlist Created with Sketch. Add NAB (ASX) to my watchlist
(20min delay)
Last
$34.64
Change
-0.050(0.14%)
Mkt cap ! $107.5B
Open High Low Value Volume
$34.85 $34.92 $34.51 $137.2M 3.961M

Buyers (Bids)

No. Vol. Price($)
3 18858 $34.63
 

Sellers (Offers)

Price($) Vol. No.
$34.65 628 1
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$34.65
  Change
-0.050 ( 0.02 %)
Open High Low Volume
$34.81 $34.91 $34.51 521712
Last updated 15.59pm 28/03/2024 ?
NAB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.