Wednesday, 25 April 2018

Markets Live: ASX rises as miners fall

A look at the market close and the S&P/ASX 200 index finished up 35.6 points at 5921.6, a gain of 0.6 per cent. 
NAB faced the banking royal commission today where it was revealed that false witnessing of document was a 'common practice.' NAB were up 1.1 per cent to close the day at $29.08.

ANZ's pensions and investment business was also given the green light to be acquired by IOOF. ANZ finished trading at $27.15, a gain of 0.7 per cent. 

Shares in medical cannabis company AusCann advanced 11.7 per cent today to $1.62. The group announced a partnership expansion with Canopy Growth.

Aristocrat Leisure received a favourable ratings upgrade from Macquarie with the broker retaining its outperform rating and lifting its price target to $27.15. Aristocrat shares were up 3.3 per cent to $26.47.

iSelect shares rebounded from a big sell off on the market. Shares fell 55.5 per cent on Monday but recovered slightly on Tuesday's trading to finish up 5.6 per cent at 47¢.

South32 was the biggest weight on the market, shedding 7.3 points from the ASX 200 index as it fell 9.6 per cent to finish at $3.58. 

Alumina shares also fell heavily, down 6.8 per cent to $2.62

AMP shares were down 2.6 per cent to $4.06, recording its eighth straight session of losses.

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