Share prices of the banks declined today after they revealed the estimated impact the bank levy will have on their profits, dragging the broader market lower.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5760 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.1% to 5802 points
- AUD/USD at US 74.93 cents
- Iron Ore at US$62.69 a tonne, according to the Metal Bulletin
- Gold at US$1,262.77 an ounce
- Brent oil at US$53.59 a barrel
The Commonwealth Bank of Australia (ASX: CBA) share price was 0.4% lower at the market's close. National Australia Bank Ltd. (ASX: NAB) declined 0.8%. Australia and New Zealand Banking Group (ASX: ANZ) dropped 0.3%. And Westpac Banking Corp (ASX: WBC) fell 1%.
On the other hand, the OFX Group Ltd (ASX: OFX) share price soared 17.1% after it released its full-year earnings results.
Technology One Limited (ASX: TNE) also rose 4.5% following its earnings release, in which it reported a 13% rise in first-half revenue and a 10% increase in profit before tax.
G8 Education Ltd (ASX: GEM) remained in a voluntary trading suspension, although it announced it expects to resume trading at the commencement of tomorrow's session. It noted it "is happy to report that it is finalising arrangements with respect to its funding".
The iSentia Group Ltd (ASX: ISD) share price was among the market's top performers today, rising 5.5%. APN Outdoor Group Ltd (ASX: APO), on the other hand, slid another 2.3%.
Here are Tuesday's top stories:
