Steve Daghlian

The Aussie share market fades from a stronger beginning, but still has ended a losing streak.

Good afternoon, I'm Steve Daglian.

It's Thursday the 14th of May.

Welcome to the CommSec Market Update.

Yeah, we were up a little more than that earlier in the day.

We're up about a fifth of 1%.

But you're right, it will be good to see the back of this four-day losing streak.

We still are down between 2.5% and 3% from last week's peak and roughly 6% below where we were before this conflict between the US and Iran even started in late February.

But yesterday, it was all around the banks weighing heavily on our market.

Today, they've managed to bounce back and it's other areas of the market that have weighed more heavily.

Absolutely.

So, quite a messy performance across the market today.

None really standing out outside of the financials, which as you pointed out, we're coming off the back of some pretty significant declines.

But let's look at some stocks because there's quite a bit of company news around today.

One stock that did quite well is actually the ASX, the stock market operator.

It's up in the order of 2%.

Appointed a new boss, Anthony Attia, who is going to step into the new role in September.

He's an executive from Euronext, which operates European share markets.

I

And he actually served as the chief executive of the French market, Euronext Paris, for a seven-year period.