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The ASX 200 is within an arms reach of all-time record highs
Kerry Sun | May 5, 2021 12:41pm |
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The ASX 200 pushed 0.70% higher on Wednesday to 7,117. This is within an arms reach of its 7,160 all-time record high.
Below, we take a look at what is happening in the market to drive this rise.
What’s driving the ASX 200 to near record highs?
Banks lifting the market
The big 4 banks have surged in recent months to beat pre-COVID levels. This has been supported by a broad range of factors including a roaring property market, rebounding economy, and significant decline in loan impairments and bad debts. The ASX 200 is heavily concentrated towards banks, with the financial services sector contributing to 27.9% of the overall ASX 200.
Commonwealth Bank (ASX:CBA) share price and weekly news wrap
Bernd Struben | April 1, 2021 4:28pm |
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The
Commonwealth Bank of Australia(ASX: CBA) share price is slipping late afternoon trading, down 0.5%. The fall comes despite a the
With the ASX closed tomorrow (and Monday) for the long Easter weekend, we take a look at how and why Commonwealth Bank shares moved this week.
How the Commonwealth share price moved this week
Yesterday, 31 March, was the only day this week that Commonwealth Bank shares gained, closing the day up 0.8%. With a loss of 0.5% on Monday and closing down 0.2% on Tuesday, it looks like CBA will close the shortened trading week down some 0.3%.