[VIDEO] Market Close: A mixed performance for our sharemarket ahead of the budget
youtu.be/f6iJQpcaSFA

[VIDEO] Market Close: A mixed performance for our sharemarket ahead of the budget
youtu.be/f6iJQpcaSFA

The Australian sharemarket finished flat, with the #ASX200 +1pt or +0.01% to 7750. $ANZ & $MQG traded ex-dividend & weighed on the market, while the energy sector fell most on softer oil prices. US CPI, the Aussie Federal Budget, wages & jobs data will receive attention this wk.

The monthly CommBank Household Spending Insights (HSI) Index fell 1% in April to 148.11 points following an early Easter bump in March, with annual spending growth slowing to just 2.6% for the year.

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Here are the most traded stocks by CommSec clients last week. Major banks dominate the list as $WBC and $ANZ released half year results while $CBA provided a quarterly trading update.

#ASX #ASX 200

Shares of ANZ Group Holdings $ANZ fall 4.2% to $27.87, on track for their worst day since May 15, 2023, if losses hold, as regulator initiates probe and shares trade ex-dividend.

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ANZ Group Holdings $ANZ said on Monday Australia's corporate regulator is investigating the lender for suspected violation of laws in executing the issuance of 10-year treasury bonds by the Australian Office of Financial Management (AOFM) in 2023.

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Australia's energy stocks fall as much as 1.2%, on track for its worst day since May 1, as oil prices drop on dampened US rate cut hopes. Oil and gas giant Woodside Energy $WDS falls as much as 1.5%, while Santos loses 1.3%.

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Shares of Iress $IRE fall as much as 2.6% to $8.410, hitting their lowest level since May 6. Financial technology co flags data breach of firm's space on a third-party platform on May 11.

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Within the NAB business conditions survey, the employment index fell from +6.4 points in March to +1.9 points in April, the lowest level since January 2022 - suggesting that business labour demand has 'normalised somewhat,' according to NAB economists.

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The NAB measure of Australian business confidence rose from 1.4 points in March to 1.5 points in April, below the long-run average of 5 points. The conditions index eased from 9 points in March to 6.8 points in April, in-line with the long-run average.

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Shares of broadcaster ARN Media $A1N fall as much as 6% to $0.79, while Southern Cross Media $SXL slips as much as 6.9% to $0.88 $A1N says its consortium partner Anchorage Capital Partners has decided to withdraw from the consortium to acquire $SXL.

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NAB business survey (April):
Confidence: +1 (prior +1)
Conditions: +7 (prior +9)
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Shares of Lend Lease $LLC are down 3.4% to $6.07 on Monday on reports the property group has been hit with an initial $112 million bill from the Australian Taxation Office.

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Shares of Bellevue Gold $BGL are up 3.6% to $1.82 on Monday after broker UBS upgraded the stock to 'buy' with a price target of $2.05.

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The S&P/ASX 200 index fell 0.2% to 7,735 on Monday, weighed down by financials and energy stocks. Banks were the biggest drags on the benchmark as Macquarie and ANZ traded ex-dividend.

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[VIDEO] Morning Report: #ASX to edge lower as #investors brace for #inflation updates.
youtu.be/2Tuk3YHFuz8

Australia's Iress $IRE over the weekend detected and contained an unauthorised access of the firm's space on a third-party platform which is used to manage its pre-production software code, the financial software firm said on Monday.

Shares of New Zealand's Fletcher Building $FBU fall as much as 14.5% to NZ$3, their lowest since Nov 13, 2002. The construction services provider trims FY24 EBIT before significant items forecast range to NZ$500mln-NZ$530 mln, from previous range of NZ$540 mln-NZ$640 mln.

Aussie shares are expected to open lower on Monday, as investors await release of local jobs data and US inflation print, due later in the week. The local share price index futures fell 0.2%, a 16-point premium to the underlying S&P/ASX 200 index close.

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