End of Day Report – Friday 8 May: ASX 200 falls 1.5% as banks smacked | Up 14 points for the week
About this episode
The episode discusses the significant drop in the ASX 200 and the pressures faced by the banking sector.
The ASX 200 we dropped 134 points to 8744 (-1.5%) today as the banking sector came under extreme pressure. We saw CBA down 1.9%, WBC down 4.8% ex-dividend today and the Big Bank Basket falling to $288.50 (-2.3%). Other financials also under pressure today, with the insurers falling as QBE updated the market on their gross written premium expectations and MQG suffering after reporting their second-biggest profit ever, falling 1.1%. Other financials also in trouble today included GQG falling 4....
People in this episode
Host: Marcus Today
Topics covered
- ASX 200
- banking sector
- financial markets
- investment trends
- market report
Keywords
- ASX 200
- CBA
- WBC
- banking sector
- financials
- market update
- investment
Mentioned in this episode
Organizations: CBA, WBC, QBE, MQG, GQG
Places: ASX 200
More episodes of Market Updates
- Pre-Market Report – Friday 8 May: US markets ease ahead of NFP | SPI down 152
- End of Day Report – Thursday 7 May: ASX 200 jumps 85 points | BHP shines, gold miners back
- Pre-Market Report – Thursday 7 May: US markets hitting records on peace deal | Oil drops
- End of Day Report – Wednesday 6 May: ASX soars 113 points as banks and big miners charge higher
- Pre-Market Report – Wednesday 6 May
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