[BENGALURU] Australian shares pulled back from a more than 11-year high on Monday, as a slump in oil prices weighed on energy stocks and investors remained cautious ahead of bank earnings later this week.
A 3 per cent decline in oil prices on Friday dented energy stocks with the subindex posting a 1.5 per cent fall to hit its lowest level since April 18. Shares of Australia and New Zealand Banking Group and National Australia Bank Ltd dipped 0.7 per cent and 0.8 per cent, respectively. Shares of the retailer rose as much as 0.8 per cent to its highest since early February, while its larger competitor Woolworths Group dropped as much as 0.8 per cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hot stock: Global Invacom shares surge after termination of deal to buy Tactilis unitSHARES in Global Invacom Group (GInva) surged in early trading on Monday after the satellite communications equipment provider and its vendor, Tactilis Pte Limited, mutually terminated a deal for the latter's Malaysian subsidiary. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Malaysia: Shares close flat on MondayMALAYSIA share prices closed flat on Monday, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down just 0.01 point to 1,622.06. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore shares gain 0.3% on Monday amid mixed performance in AsiaTHE Straits Times Index (STI) closed at 3,357.70, up 10.12 points or 0.3 per cent. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Halliburton sees signs of price recovery, shares dipHalliburton Co on Monday called the bottom of a pricing downturn that has plagued oilfield services companies and surprised on expectations saying ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore shares decline at Tuesday's open; STI down 0.19% to 3,351.27SINGAPORE stocks opened weaker on Tuesday, with the Straits Times Index moving down 0.19 per cent or 6.43 points to 3,351.27 as at 9.02am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Jawala asks to resume shares trading on release of unit’s bank accountsCATALIST-LISTED Jawala has requested its shares to resume trading with effect from April 23 at 9am, after Malaysia’s anti-graft regulator unfroze its subsidiary Jawala Plantation Industries’ (JPI) bank accounts. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Malaysia: Shares open higher on TuesdayMALAYSIA share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.06 points to 1,624.12 at 9.01am. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian shares dip; euro weighed by sagging German business morale[TOKYO] Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »