The ASX200 is on track to snap its 10-day winning streak, trading 0.12% lower this afternoon at 8,017 points, following falls on Wall Street overnight. Yet for the week, the benchmark index is set to end 0.54% higher.
ANZ shares are down 2.24% after APRA said the bank must hold an additional $250 million in capital in reserve against its risk weighted assets. The other three of the big four banks are also trading lower, but not to the extent of ANZ.
Inghams Group has plummeted 20% following a cautionary statement about slowing volumes. Similarly, Spark New Zealand has seen a downturn of 7.61%, while Fletcher Building and Whitehaven Coal (ASX:WHC) have dropped by 6.4% and 6.2% respectively. Telix Pharmaceuticals is down 3.7%.
However, Fisher & Paykel Healthcare Group shares are up more than 10% after the company lifted its FY25 profit guidance.
These market movements reflect a mixed day for investors, with some companies experiencing sharp declines amidst concerns over performance metrics, while others, like Fisher & Paykel Healthcare, benefit from positive financial outlooks.
Investor or trader?
With tax time upon us, it may be time to consider whether you have moved beyond being a passive investor in shares to someone who actively trades shares.
Mark Chapman, Director of Tax Communications at H&R Block says it is a crucial question to consider because it will determine how you’re taxed on any profits or losses you make on your share portfolio.
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