Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Steve Daghlian

๐Ÿ‘ค Speaker
964 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

And this has been a pretty busy week.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

US earnings aside, we had the Reserve Bank, of course, on Tuesday raising interest rates for the third straight meeting.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

That's for the third time this year.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

But there were some signs that maybe, you know, from the governor's

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

presser that they might be happy to sit on the sidelines, at least for the time being, perhaps, to wait and see how things unfold in the Aussie economy.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

And then we've also had three major Aussie banks handing down their results over the course of the week with mixed results overall.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Absolutely.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So losses across all the big banks today.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Westpac certainly the hardest hit down about 4.8%.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

That is for good reason, though.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

It's trading ex-dividend today, which is the cutoff eligibility to a payment.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So buying shares in Westpac today onwards won't get you that 77 cent per share interim div that's due to be paid out to those who are eligible on the 26th of June.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

That dividend just a cent higher than what it paid 12 months ago.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

We've got Macquarie Group today down by about 1.1%, which doesn't sound great, but it actually is outperforming most of the bigger players today.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

Now, it came out with its full year results.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

It beat the market's expectations, the second biggest full year result, in fact.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

And if you look at the half year, the second half of the year,

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

It was actually a record half for the group.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So it basically doubled what it earned in the first half, raised its final dividend as well.

CommSec Market Update
PM 08 May 26: Worst day in 7 weeks for ASX

So it's paying out $4.20 per share to shareholders who are eligible.