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Commonwealth Bank of Australia Weighs on S&P/ASX 200

Australia's S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) closed slightly lower on Wednesday, dragged down by Commonwealth Bank of Australia (ASX:CBA) and South32 Ltd (ASX:S32).

Commonwealth Bank of Australia (ASX: CBA) shares and South32 Ltd (ASX: S32) led the Australian S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index slightly lower on Thursday.

Here are the shares which moved the market.

Biggest Gainers

  • Auckland International Airport Ltd (ASX: AIA) – up 1.8%
  • Transurban Group (ASX: TCL) – up 1.5%
  • Westpac Banking Corp (ASX: WBC) – up 1%
  • Netwealth Ltd (ASX: NWL) – up 6.4%
  • DuluxGroup Limited (ASX: DLX) – up 1.8%

Biggest Losers

  • Commonwealth Bank down 0.3%
  • South32 – down 2.5%
  • Ramsay Health Care Limited (ASX: RHC) – down 1.6%
  • Whitehaven Coal Ltd (ASX: WHC) – down 6.2%
  • Pilbara Minerals Limited (ASX: PLS) – down 5.6%

Amongst the Big Four banks, Westpac Banking Corp (ASX: WBC) was the best performer while CBA shares ended 0.3% lower.

BHP Billiton Limited (ASX: BHP) ended slightly higher at $30.78 per share following the release of its latest six-month operational report this morning. The ‘Big Australian’ reported a slight fall in iron ore production but a boost in copper output. Read more here. Earlier this week, Rio Tinto reported its latest quarterly production results.

Whitehaven Coal shares ended lower following its quarterly production report. The $4.8 billion miner reported mostly flat production levels compared to the corresponding period last year.

Finally, shares of the recently-listed Netwealth rose after the financial services company released its quarterly update. Netwealth revealed that its ‘funds under administration’ or FUA rose $1.7 billion.

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