ASX up 1.30% as election draws closer to a conclusion

Australia’s S&P/ASX 200 share index was up 1.30% to 6139.60 as the US Presidential election draws nearer to a conclusion, with Biden seemingly regaining control. 

National Australia Bank (NAB) today reported earning down 37% for the year as well as a rather substantial dividend cut, however, added 3.26% today as this evidently beat expectations. Commonwealth Bank (CBA) and Westpac (WBC) were also up around 2% apiece today.

Healthcare giant, CSL, saw its share price increase an impressive 3.45% today, a gain of over $10.

Gainers and Losers

The biggest gainers on Thursday were:

• Inghams +16.1%
• IRESS +7.2%
• Flight Centre +6.9%
• Webjet +5.3%
• Deterra Royalties +5.2%

The biggest declines were:

• Treasury Wines -8.2%
• Pendal Group -6%
• CSR Ltd -5%
• Domino’s Pizza -3.2%
• Nanosonics -3.1%

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Disclaimer:
This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.