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Stock impact report

Australia shares end near 3-week high, buoyed by financials [Reuters]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
Australia shares end near 3-week high, buoyed by financials (Updates to close) By Soumyajit Saha Aug 10 (Reuters) - Australian shares registered their highest close in nearly three weeks on Monday, driven by gains among heavyweight financials, while a dip in new coronavirus infections in Victoria and renewed hopes of financial aid in the United States boosted risk sentiment. The S&P/ASX 200 index was up 1.76% at 6,110.2 points at the end of trade. The subindex for financial stocks soared 2.6% to its highest in over a week, with the ‘Big Four’ banks jumping in the range of between 2.8% and 3.5%. “The financial sector has underperformed the market a little bit over the past few weeks, and this might be a catch up play before Commonwealth Bank’s results later this week,” said James Tao, market analyst at CommSec. Signs that the lockdown measures in Victoria were having an effect, with daily new infections slowing to a near two-week low, helped shore up sentiment further. “If the trend (o Show less Read more
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