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Banks and miners drag: Aus shares close 0.18% lower

26 Apr 2018 – Market Wrap: The ASX closed lower for the first day this week with banks dragging us lower, while a weaker Australian dollar pulled down the miners. Despite that, the ASX200 is still holding on to one-month highs. Westpac (ASX:WBC) responded to media speculation saying its mortgage book continues to perform well, but its mortgage delinquencies and losses remain both relative to historical and industry averages. UBS also downgraded WBC to a sell. Santos (ASX:STO) delivered its Scotia project in QLD ahead of schedule and 16% under budget. It also sold Denison trough for $43 million. Click for more.


Source: Finance News Network

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