Third straight day of gains as banks soar

It was a strong day of trading on the ASX200 today as investors looked to the banks after a relatively business-focused budget report was released by Frydenberg last night. The market finished up 74.30 points (1.30%) to reach its highest close in a month of 6036.30.

Westpac was triumphant over the other three banks, enjoying the largest gain of 2.58%. ANZ and CBA were not far behind, adding 2.35% and 2.15% respectively.

Gainers and Losers

The biggest gainers were:

• Virgin Money UK +6.3% to $1.45
• Eagers Automotive +5.3% to $11.15
• Seven Group Holdings +5.2% to $20
• Cleanaway Waste Management +4.8% to $2.20
• Zip Co +4.7% to $7.29

The biggest declines were:

• Newcrest Mining -2.1% to $30.40
• Healius -2% to $3.47
• Resolute Mining -1.6% to 95c
• Mesoblast -1.5% to $3.36
• Avita Therapeutics -1.3% to $6.91

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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.