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    CBA   AU000000CBA7

COMMONWEALTH BANK OF AUSTRALIA

(CBA)
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Delayed Quote. Delayed Australian Stock Exchange - 05/20 02:10:06 am
104.6 AUD   +0.77%
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Banks, miners drive Australian shares to 3-1/2-month high

12/28/2021 | 07:26pm EDT

Dec 29 (Reuters) - Australian shares jumped on Wednesday to their highest in more than three and a half months as market participants grew less concerned about the Omicron coronavirus variant on returning from an extended holiday weekend.

By 0012 GMT, the S&P/ASX 200 index had risen 1% to 7,496, their highest since Sept. 9, driven by gains in banks and miners. Financial markets in Australia and New Zealand were closed on Monday and Tuesday for the Christmas and Boxing Day holidays.

The S&P/ASX 200 index, which had risen nearly 13% this year by last close, was set for a fifth straight session of gains, even as Australia recorded another record surge in COVID-19 infections on Tuesday.

Heavyweight financials rose as much as 1.6% to their highest since Nov. 17, with the so-called "Big Four" banks up between 1% and 1.7%.

Commonwealth bank of Australia advanced as much as 1.6% to its highest since Nov. 17, while Westpac Banking Corp jumped 1.7% to its highest in more than a month.

Miners rose as much as 1% to their highest in nearly four months, with Pilbara Minerals and Perenti Global jumping 5.1% and 6.7%, respectively.

Energy stocks rose 1.1% after crude oil prices settled higher overnight, supported by supply outages and expectations that U.S. inventories fell last week.

Major oil and gas explorer Santos added 1.5%, while Woodside Petroleum rose as much as 2.2% to its highest in nearly two weeks.

Healthcare stocks jumped as much as 1.2% and were set for their sixth straight session of gains.

On Wall Street, the S&P 500 closed slightly lower after hitting a record intraday high on Tuesday, as a four-day rally lost steam and investors weighed Omicron-driven travel disruptions and store closures.

New Zealand's benchmark S&P/NZX 50 index rose 0.8% to a six-week high of 12,995.63. (Reporting by Harish Sridharan in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
COMMONWEALTH BANK OF AUSTRALIA 0.77% 104.6 Delayed Quote.2.77%
PERENTI GLOBAL LIMITED 2.86% 0.72 Delayed Quote.-24.32%
PILBARA MINERALS LIMITED 4.40% 2.85 Delayed Quote.-14.69%
SANTOS LIMITED -1.58% 8.08 Delayed Quote.30.11%
WESTPAC BANKING CORPORATION 0.51% 23.57 Delayed Quote.9.84%
WOODSIDE PETROLEUM LTD -3.75% 28.77 Delayed Quote.36.30%
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Financials
Sales 2022 24 362 M 17 119 M 17 119 M
Net income 2022 10 340 M 7 266 M 7 266 M
Net Debt 2022 - - -
P/E ratio 2022 17,8x
Yield 2022 3,64%
Capitalization 178 B 125 B 125 B
Capi. / Sales 2022 7,32x
Capi. / Sales 2023 6,94x
Nbr of Employees 47 532
Free-Float 99,5%
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Commonwealth Bank of Australia Technical Analysis Chart | CBA | AU000000CBA7 | MarketScreener
Technical analysis trends COMMONWEALTH BANK OF AUSTRALIA
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Mean consensus UNDERPERFORM
Number of Analysts 17
Last Close Price 104,60 AUD
Average target price 96,14 AUD
Spread / Average Target -8,09%
EPS Revisions
Managers and Directors
Matthew Comyn Group Executive-Retail Banking Services
Alan Frank Docherty Chief Financial Officer
Catherine Brighid Livingstone Chairman
Pascal Boillat Chief Information Officer
Sinead Taylor Chief Operations Officer
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