Aust shares down despite NAB FY profit

ASX shares have closed at their lowest ebb of a mostly stagnant trading day.

Most share categories declined on Tuesday, including losses of about one per cent for financials and energy.

National Australia Bank joined other major banks in posting a turnaround in full-year earnings due to surging home loans.

Yet investors were concerned about future profitability and sent shares lower by 0.76 per cent to $28.89.

The benchmark S&P/ASX200 index closed lower by 18 points, or 0.24 per cent, to 7434.2.

The All Ordinaries closed down 11.6 points, or 0.15 per cent, to 7756.3.

The Australian dollar was buying 74.14 US cents at 1621 AEDT, higher from 73.99 cents at Monday's close.

Austrlaian Associated PressBack to Breaking News

  • Print this page
  • Copy Link